How The Smith Maneuver Works in Canada
How The Smith Maneuver Works in Canada As a homeowner in the US, you can rejoice in the fact that you can claim the mortgage interest you pay on your primary residence on your taxes. This is a great way to lower your taxable income and save some money. However, if you own a home […]
How the First-Time Home Buyer Incentive Can Assist You in Purchasing a Home
How the First-Time Home Buyer Incentive Can Assist You in Purchasing a Home First-Time Home Buyer Incentive refers to a shared-equity program that offers a loan of 5% or 10% of a home’s price to buyers, thereby reducing their mortgage expenses. If you’re struggling to save up enough money for a down payment on your […]
How Switching Your Mortgage Can Help Deal with the Current Interest Rate Increase in Canada
How Switching Your Mortgage Can Help Deal with the Current Interest Rate Increase in Canada Dealing with the current interest rate increase in Canada? Time to pay attention to your mortgage options! The market is constantly changing, and the lender you picked for your mortgage might not be the best fit anymore. So, what can […]
How a Mortgage Rate Hold Can Help You Save on Interest Amid Rising Rates
How a Mortgage Rate Hold Can Help You Save on Interest Amid Rising Rates As the Bank of Canada raises its benchmark interest rate for the first time since January, many Canadians are concerned about the potential impact on their mortgage payments. However, there is a strategy that can help borrowers mitigate the risk of […]