Sunday, March 26, 2023

Read this before applying for the First-Time Home Buyer Incentive

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The FTHBI promises to help make real estate more affordable, but there’s a big catch: It’s a loan you have to repay with a share in your home’s growth in value. ...

What to do with a rental property when you owe more than it’s worth

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Oil prices have tanked and Renee wants to sell her rental property in Fort McMurray, but she owes more on the mortgage than the property would currently be listed for on the market. What...

Managing your mortgage during COVID-19

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Measures to slow the spread of the pandemic in Canada caused the sudden closing of schools, restaurants, retailers and service businesses—leaving many Canadians with uncertain income and worried about how to keep up with...

Tax implications of building a laneway suite

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Any time a homeowner becomes a landlord, there may be GST/HST and income tax owing—and the amounts can be quite large.  ...

Myths and facts of reverse mortgages

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Although there is growing interest in this financial product, which allows Canadians to borrow up to 55% of their home’s value, some misconceptions still persist. We’ve fact-checked the seven most common myths about reverse...

Can you maximize your RRSP and TFSA with an income of $0?

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With a year of no income, find out if it makes sense to max out registered accounts like an RRSP and a TFSA, and what other options investors may have. ...

House hunters: 7 tips for buying in a seller’s market

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Record-low mortgage rates, combined with a low supply of available homes, have created a cut-throat market for buyers across the country. You may not win your very next bidding war, but following these tips...

10 must-use online housing and mortgage calculators

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Whether you’re not sure if you should buy or rent, refinance or renew your mortgage, or go with a fixed or variable rate, these tools can help you decide on the right course of...

Your mortgage payment deferral is over. Now what?

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Mortgage payment deferral, swiftly implemented in wake of the COIVID-19 pandemic, ended September 30. If you still can’t pay, here’s what to do. ...

3 ways the coronavirus is already affecting your finances

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With the speed at which the disease and its economic impact are picking up, no one will blame you for being unsure of what to do next. We break it down. ...

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