1. Economic Slowdown: When the Canadian economy isn’t growing as expected, signs might include lower GDP growth, reduced consumer spending, and decreased business investments. In such a scenario, the Bank of Canada might lower interest rates to stimulate economic activity. Lower rates make borrowing cheaper for consumers and businesses, encouraging them to spend and invest […]

New Capital Gains Tax in Canada: Easy-to-Read Overview Starting June 25, 2024, Canada will change its capital gains tax policy. The inclusion rate will rise from 50% to 66.67% for individuals with annual capital gains over $250,000. For corporations and most trusts, this new rate will apply to all capital gains without any threshold​ (Canada.ca)​​ […]

First-Time Homebuyers Increasingly Rely on Gifted Down Payments In recent years, first-time homebuyers in Canada have increasingly turned to gifted down payments from family members to enter the housing market. This trend has been fueled by a combination of soaring home prices, stagnant wages, and stricter mortgage lending rules, making it more difficult for young […]

Curious about the 30-year amortization? Here’s why it’s a game-changer for Ontario clients! 🏡 By spreading your mortgage payments over 30 years, you significantly lower your monthly payments. This means more cash in your pocket each month for savings, investments, or enjoying life. 💸 With lower monthly payments, you can also qualify for a higher […]

A recent report from CIBC and Urbanation reveals, majority of new condo investors in the Greater Toronto Area are losing money every month. 🔹 Key Findings: 82% of investors with mortgages on newly completed condos are cash-flow negative in the first half of 2024. This is up from 77% last year and significantly higher than […]

Ever wondered if you’re overpaying on your mortgage? 🤔 With the recent BoC rate cut, now might be the perfect time to consider refinancing. 🚀 Did you know that over 60% of homeowners are paying more than they need to because of outdated mortgage rates? 😱 Meet Sarah, a homeowner who saved $500/month by refinancing. […]