U.S. tariffs on Canadian products will lead to higher home and vehicle insurance premiums in Ontario. Automotive and construction sectors, heavily reliant on steel, will experience immediate effects from tariffs.Read more
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Most renovations aren’t tax-deductible unless for rental or business properties, with exceptions for seniors. A multigenerational renovation tax credit refunds up to $7,500 for renovations to house a qualifying relative.Read more
February and March are the best months to list a home, with 66.3% selling successfully. Homes listed in February typically find buyers in 51 days, the quickest time of the year.Read more
The Government of Canada is investing nearly $19 million in local manufacturers to enhance homebuilding efficiency and address housing demands in southern Ontario. This initiative supports 10 construction and homebuilding manufacturers and aligns with Canada’s Housing Plan, aimed at ensuring affordable housing access for all Canadians. The focus on local solutions is crucial for increasingRead more
Creating a realistic budget is essential for effective money management. Start by setting financial goals and tracking your income and expenses. Differentiate between needs and wants to prioritize spending. Design your budget using a spreadsheet, ensuring you spend less than you earn. Plan for irregular expenses and adjust your spending according to your pay cycle.Read more
Set a realistic budget by accounting for property taxes, maintenance, and other ongoing housing costs. Research mortgage options to choose between fixed, variable rates, and government-backed programs for savingsRead more
Find reliable tenants with a comprehensive background check—critical for protecting your investment. thorough tenant background check includes credit history, criminal records, employment verification, and rental history.Read more
Greater Toronto home sales ↓ 27.4% in February 2025 due to high mortgage rates and economic uncertainty. Only 4,037 homes were sold, ↓ 28.5% MoM, while new listings ↑ 5.4%.Read more
Assess your property’s value and risks to determine your unique home insurance coverage needs. Researching a reliable insurance broker ensures the best advice, value, and appropriate coverage for your needs.Read more
Condos provide diverse options, including high-rises, townhouses, and lofts, each with unique ownership structures and fees. Maintenance is easier in condos, but monthly fees can be costly and impact long-term affordability.Read more
