by Majid Habibi | May 19, 2023 | Blog, Finance
If your credit has taken a hit due to missed or late payments, high dWorried About a Low Credit Score?ebt levels, etc, there are things you can do to help repair it. The key is to start right away. The longer you leave it in disrepair, the worse your credit situation...
by Majid Habibi | May 5, 2023 | Blog, Economy, Mortgage
Canada Mortgage and Housing Corporation (CMHC) expects home prices to bottom out this year, but they aren’t expected to fall below pre-pandemic levels. That was the takeaway from the agency’s spring Housing Market Outlook, which said weaker growth and higher mortgage...
by Majid Habibi | Apr 21, 2023 | Blog, Homeownership
First-time homebuyers can now take advantage of an extra downpayment savings tool as of April 3rd, 2023 in the form of the First Home Savings Account (FHSA) courtesy of the federal government. The FHSA combines the benefits of both a registered retirement savings plan...
by Majid Habibi | Apr 7, 2023 | Blog, Homeownership
On March 27th, the federal government announced amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act’s accompanying Regulations to enhance the flexibility of newcomers and businesses looking to add to Canada’s housing...
by Majid Habibi | Mar 17, 2023 | Blog, Homeownership, Mortgage
It’s no surprise that many Canadians are feeling the pinch of higher iHow are Canadians Feeling About Homeownership in Today’s Market? The latest information from Mortgage Professionals Canada’s 2022 Year-End Consumer Survey, released in March 2023, provides a wealth...
by Majid Habibi | Feb 3, 2023 | Blog, Finance, Homeownership
The federal government is providing a new tax credit to help make it easier for Canadians to care for adult relatives in their own homes. The multi-generational home renovation tax credit took effect January 1st for expenses related to building a secondary suite for a...
