Covid has been affecting Canadian businesses since March. We’ve seen smaller stores close, larger chains reducing their number of locations and the prices of some items shoot through the roof. Lumber is one of those items. If you’ve recently tried to build a fence or replace a deck, you’ve likely seen a change in prices; and potentially had a difficult time finding lumber in the first place. So, how is this lumber shortage affecting home prices?
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It’s no surprise that Covid-19 has affected the globe and the mortgage industry is not exempt from this. Job loss, business closure, lack of immigration has all played a role in impacting the housing market.
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On April 20, 2017, the Ontario government introduced the Ontario’s Fair Housing Plan, a 16-point plan to control real estate, address the demand for housing, increase supply, and protect buyers and renters.
(NC) Creating a more eco-friendly home and lifestyle is a great goal for the change of season, especially with warmer weather encouraging us to spend more time outdoors. Here are some tips in and around your home to help get you started: Read More
(NC) For the 70 per cent of Canadians who own a home, it is a place to live, raise our family, and it connects us to our community.
Due to Canada’s tax system’s Principal Residence Exemption, when we sell our homes, any increased value or “capital gains” are not taxed.
RRSP (Registered Retirement Savings Plan) season is here!
Use the first 60 days of the year to contribute to your RRSP. You have until March 1st, 2017 to reduce your 2016 income and get a higher tax refund.
The holiday season is once again upon us. With decorations filling our homes and our thoughts turning to friends and loved ones, your finances might be the furthest thing from your mind.
Energy-efficient homes can increase comfort and promote healthier living, while reducing greenhouse gas emissions and lowering home expenses. Canada Mortgage and Housing Corporation (CMHC) is upgrading its Green Home Program.
Canadian household debt ascended to another record in the third quarter, underscoring why policy makers are stepping up efforts to limit the risks of a collapse in the nation’s real estate market.
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