Highlights – First Quarter 2021
Selling times ■ In total, 15,414 residential sales transactions were concluded in the first quarter of 2021 in the MontrealCMA, which is a 6 per cent increase compared to the […]
Category Archives: A+ Financial Corner
CMHC eyeing ‘new tools’ as mortgage deferral cliff looms for borrowers
This fall, loan payments unemployed borrowers kicked down the road must start being repaid again, plus interest With a six-month window for some borrowers to defer their loan payments closing […]
Equitable Bank says mortgage deferrals have plummeted from their peak
Loan balances still on deferral plans down to six per cent of portfolio, or approximately $1.66 billion Driving the results was a quarter-over-quarter drop in the amount of money that […]
Fixed or variable? The coronavirus crisis has made one the better pick for mortgage shoppers this spring
The best variable mortgage rates are 2.39 per cent or less. These vary by your location, property and cr editworthiness. Amid crumbling financial markets, hundreds of thousands of Canadians must […]
Tap into home equity with no monthly mortgage payments.
What Is a Reverse Mortgage? The most common type of reverse mortgage is a loan insured by the Federal Housing Administration (FHA), which is also called a HECM. It allows […]
Everything you need to know about home ownership programs
Municipalities need revenues to pay their employees and to provide services to their citizens, and the primary source of obtaining and increasing that revenue is through property taxes. Therefore, municipalities […]
Buying a house with a RRSP… Without having a RRSP
You have savings to buy your first house and you are short but not by much? Here is a strategy that allows to convert a bank loan in a RRSP and then […]
Which advance payments are required on a condo or new home?
Reservations, preliminary contracts and deposits : what are common practices in the industry? How can you acquire the condo of your dreams without taking any useless risks? Experts have the […]
How to lower the amount of taxes you pay on income properties
Everyone wants to pay less taxes! Is there anything that can be done concretely at the end of the year to soften the blow? There are major differences between owning […]
Montreal not ruling out foreign homebuyers’ tax, mayor says
Montreal mayor: ‘No need for foreign buyers’ tax yet,’ hoping for feds’ help on housing The mayor of Montreal isn’t ruling out the possibility of following Vancouver and Toronto in […]
