Category: Uncategorized

Evaluate the fixer-upper's potential by considering the location and identifying any hidden structural issues through inspection.Ensure the existing layout and foundation align with your vision, focusing on homes that need mainly cosmetic changes.

Reduced benchmark rate thrice to 4.25%, maintaining cautious levels not yet stimulating the economy significantly.Predictions of further rate cuts to 2.5% next year, driven by the need to enhance economic activity as inflation concerns diminish.

Roof Inspection – Look for signs of damage or aging – Conduct up-close assessments, not just visual checks – Ensure no unforeseen expenses post-purchase – Verify roof and structural warranties Foundation and Structure – Look for cracks, settling, or moisture infiltration – Assess structural integrity – Identify deferred maintenance issues early

Conduct detailed inspections to uncover hidden issues and avoid costly repairs later. Select locations with strong amenities and growth potential for successful Real Estate investments.

BoC is likely to cut the overnight rate by 25 bps to 4.25% on September 4, 2024. Core CPI inflation dropped to 2.7% YoY in July, the lowest since April 2021.

Buying a second home today is more challenging due to rising property values and higher interest rates. Decide whether the second home will be for personal use or rented, impacting financial returns significantly.

First-time buyers face challenges, including navigating documents and understanding condominium or strata living complexities.Condominiums offer affordability, amenities, and convenience, but rules, expenses, and disputes can complicate ownership.

Mortgage Types Overview: – Closed mortgage: lower rates, less flexibility – Open mortgage: higher rates, greater flexibility Closed Mortgages: – Fixed rates, less flexibility in payments – Prepayment allowed up to 10-20% annually – Penalties for early payoff: 3 months’ interest or rate differential