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teamrahul · 2 months

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Navigating the Canadian Dream: Best Mortgage Refinancing in Halifax and Tailored Mortgages for Newcomers

Canada has long been a land of opportunity and a welcoming destination for newcomers seeking a better life. Whether you're a long-time resident or a recent arrival, the dream of homeownership is a common aspiration. In this guide, we explore the best mortgage refinancing in Halifax and specialized mortgage solutions designed for newcomers to Canada.

Best Mortgage Refinancing in Halifax: A Gateway to Financial Freedom

Halifax, the vibrant capital of Nova Scotia, boasts a rich history and a thriving real estate market. If you already own a home in Halifax, you may be considering mortgage refinancing as a strategic move to enhance your financial situation. The best mortgage refinancing options in Halifax offer competitive rates, flexible terms, and the opportunity to tap into your home's equity for various financial needs.

When seeking the best mortgage refinancing in Halifax, it's crucial to consider factors such as interest rates, closing costs, and the overall impact on your long-term financial goals. Working with reputable lenders and mortgage professionals can help you navigate the process and secure a refinancing solution that aligns with your unique needs.

Tailored Mortgages for Newcomers to Canada: Building Your Canadian Homeownership Journey

Moving to a new country comes with its own set of challenges, and securing a mortgage as a newcomer is often one of them. Fortunately, many financial institutions in Canada understand the unique circumstances faced by newcomers and offer specialized mortgage products to ease the transition into homeownership.

These tailored mortgages for newcomers typically take into account factors such as credit history from the home country, employment status, and other considerations that may differ from traditional mortgage applications. Some lenders also offer down payment assistance programs specifically designed for newcomers, making the dream of owning a home in Canada more accessible.

Navigating the Canadian mortgage landscape as a newcomer can be daunting, but with the right guidance, it becomes a smoother process. Seeking advice from mortgage advisors who specialize in working with newcomers can provide valuable insights and help you find a mortgage solution that fits your financial situation.

Conclusion: Your Path to Homeownership in Halifax

Whether you're a current resident of Halifax looking to refinance your mortgage or a newcomer to Canada dreaming of homeownership, there are tailored solutions available to meet your needs. The key is to research the best mortgage refinancing options in Halifax and explore specialized mortgages for newcomers offered by reputable lenders. With careful consideration and expert guidance, you can embark on a successful homeownership journey in the welcoming and vibrant communities of Halifax, making Canada your home.

#Best Mortgage Refinancing halifax #Mortgages for Newcomers to Canada #mortage #mortgage broker halifax #finance

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newstfionline · 7 months

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Wednesday, September 20, 2023

What to Expect When You’re Expecting the U.N. General Assembly (Foreign Policy) As world leaders descend on the United Nations headquarters in New York City, the international body is fighting to maintain its relevance in a world it wasn’t built for when it was established nearly 80 years ago. Global powers are increasingly circumventing the unwieldy U.N. system to conduct multilateral diplomacy, such as through the G-7, G-20, and BRICS (Brazil, Russia, India, China, and South Africa) blocs. Eight years ago, the U.N. outlined an ambitious batch of goals to tackle global poverty, gender equality, climate change, and other pressing global issues by 2030. But so far, the world is way off target in meeting those goals. The war in Ukraine has frontally challenged one of the U.N.’s most fundamental purposes, enshrined in its foundational charter, of averting major wars. The Western world’s laser focus on the conflict in Ukraine, meanwhile, has frustrated other countries in the global south as other dire humanitarian catastrophes—conflict in Sudan, coups across Africa, the migration crisis in Central America, and a lot of climate-related disasters—struggle for resources and high-level attention.

Canada’s surging food prices (Reuters) Canada’s plan to bring down food prices by tightening regulation could backfire and fail, raising the cost of doing business in the country without providing relief to consumers, lawyers and economists said. Canada’s weak competition law has been long blamed for allowing a few players to dominate industries ranging from banks to telecoms and groceries. Last week, Prime Minister Justin Trudeau promised to amend the Competition Act to help bring down prices. Trudeau’s move comes as many Canadians reel under an affordability crisis with food prices jumping 25% since the start of the COVID-19 pandemic in 2020. At the same time, the central bank’s efforts to bring down inflation by raising interest rates to a 22-year-high have pushed up mortgage costs for homeowners and made buying a home unaffordable for others.

U.S. National Debt Tops $33 Trillion for First Time (NYT) America’s gross national debt exceeded $33 trillion for the first time on Monday, providing a stark reminder of the country’s shaky fiscal trajectory at a moment when Washington faces the prospect of a government shutdown this month amid another fight over federal spending. It came as Congress appeared to be faltering in its efforts to fund the government ahead of a Sept. 30 deadline. Unless Congress can pass a dozen appropriations bills or agree to a short-term extension of federal funding at existing levels, the United States will face its first government shutdown since 2019. The debt is on track to top $50 trillion by the end of the decade, as interest on the debt mounts and the cost of the nation’s social safety net programs keeps growing.

Brazil’s Lula pitches his nation—and himself—as fresh leader for Global South (AP) “Brazil is back.” That has been Luiz Inacio Lula da Silva’s refrain for the better part of the last year, with the president deploying the snappy slogan to cast Brazil—and himself—as a leader of the Global South no longer content to abide the world’s outdated workings. During Lula’s travels, he has pushed for global governance that gives greater heft to the Global South and advocating diminishing the dollar’s dominance in trade. He has made clear that Brazil has no intention of siding with the United States or China, the world’s two largest economies and Brazil’s two biggest trading partners. And he has refused to join Washington and Western Europe in backing Ukraine’s fight against Russia’s invasion, instead calling for a club of nations to mediate peace talks. After the International Criminal Court issued a warrant for Russian President Vladimir Putin’s arrest, Lula said he would review Brazil’s membership in the court.

Germany’s economy struggles (AP) For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half the economy ran on exports. Jobs were plentiful, the government’s financial coffers grew as other European countries drowned in debt, and books were written about what other countries could learn from Germany. No longer. Now, Germany is the world’s worst-performing major developed economy, with both the International Monetary Fund and European Union expecting it to shrink this year. It follows Russia’s invasion of Ukraine and the loss of Moscow’s cheap natural gas—an unprecedented shock to Germany’s energy-intensive industries, long the manufacturing powerhouse of Europe. Germany risks “deindustrialization” as high energy costs and government inaction on other chronic problems threaten to send new factories and high-paying jobs elsewhere, said Christian Kullmann, CEO of major German chemical company Evonik Industries AG.

Evidence Suggests Ukrainian Missile Caused Market Tragedy (NYT) The Sept. 6 missile strike on Kostiantynivka in eastern Ukraine was one of the deadliest in the country in months, killing at least 15 civilians and injuring more than 30 others. The weapon’s payload of metal fragments struck a market, piercing windows and walls and wounding some victims beyond recognition. Less than two hours later, President Volodymyr Zelensky blamed Russian “terrorists” for the attack, and many media outlets followed suit. Throughout its invasion of Ukraine, Russia has repeatedly and systematically attacked civilians and struck schools, markets and residences as a deliberate tactic to instill fear in the populace. But evidence collected and analyzed by The New York Times, including missile fragments, satellite imagery, witness accounts and social media posts, strongly suggests the catastrophic strike was the result of an errant Ukrainian air defense missile fired by a Buk launch system. Air defense experts say missiles like the one that hit the market can go off course for a variety of reasons.

In Moscow, the War Is Background Noise, but Ever-Present (NYT) Metro trains are running smoothly in Moscow, as usual, but getting around the city center by car has become more complicated, and annoying, because anti-drone radar interferes with navigation apps. Almost 19 months after Russia invaded Ukraine, Muscovites are experiencing dual realities: The war has faded into background noise, causing few major disruptions, and yet it remains ever-present in their daily lives. There is little anxiety among residents over the drone strikes that have hit Moscow this summer. No alarm sirens to warn of a possible attack. The city continues to grow. Cranes dot the skyline, and there are high-rise buildings going up all over town. But for some, the effects of war are landing harder. Nina, 79, a pensioner who was shopping at an Auchan supermarket in northwestern Moscow, said that she had stopped buying red meat entirely, and that she could almost never afford to buy a whole fish. Nina said that sanctions and ubiquitous construction projects were some reasons for higher prices, but the main reason, she said, was “because a lot is spent on war.”

India, Canada expel diplomats over accusations Delhi killed Sikh separatist (Washington Post) India expelled a Canadian diplomat on Tuesday in a tit-for-tat move after Canadian officials accused Indian government operatives of gunning down a Sikh separatist leader, Hardeep Singh Nijjar, in British Columbia and threw out an Indian diplomat they identified as an intelligence officer. Canadian Prime Minister Justin Trudeau’s allegation of assassination, made during an explosive speech before Parliament on Monday, sent relations between the two nations tumbling toward their lowest point but also held broader ramifications for ties between the U.S.-led alliance and India, which the Biden administration has assiduously courted as a strategic counterweight to China. The Indian government issued a statement Tuesday rejecting Trudeau’s accusation as “absurd and motivated.” India’s Foreign Ministry went on to say that the allegations “seek to shift the focus from Khalistani terrorists and extremists, who have been provided shelter in Canada and continue to threaten India’s sovereignty and territorial integrity. The inaction of the Canadian Government on this matter has been a long-standing and continuing concern.” (BBC) India has been increasing the pressure on countries with significant Sikh communities, like Canada, Australia and the UK, saying they are failing to tackle what it calls "Sikh extremism." Mr. Nijjar is the third prominent Sikh figure to have died unexpectedly in recent months.

Libya’s flood turmoil (Worldcrunch) Hundreds of protesters rallied in Libya’s Derna on Monday, setting fire to the house of the man who was the city’s mayor at the time of the flood, to demand accountability one week after a flood that killed thousands of residents. Meanwhile, the UN has warned that a disease outbreak could create “a second devastating crisis” as people are falling ill from contaminated water.

Crisis and Bailout: The Tortuous Cycle Stalking Nations in Debt (NYT) Emmanuel Cherry, the chief executive of an association of Ghanaian construction companies, sat in a cafe at the edge of Accra Children’s Park, near the derelict Ferris wheel and kiddie train, as he tallied up how much money government entities owe thousands of contractors. Before interest, he said, the back payments add up to 15 billion cedis, roughly $1.3 billion. “Most of the contractors are home,” Mr. Cherry said. Their workers have been laid off. Like many others in this West African country, the contractors have to wait in line for their money. Teacher trainees complain they are owed two months of back pay. Independent power producers that have warned of major blackouts are owed $1.58 billion. The government is essentially bankrupt. After defaulting on billions of dollars owed to foreign lenders in December, the administration of President Nana Akufo-Addo had no choice but to agree to a $3 billion loan from the lender of last resort, the International Monetary Fund. It was the 17th time Ghana has been compelled to turn to the fund since it gained independence in 1957. The tortuous cycle of crisis and bailout has plagued dozens of poor and middle-income countries throughout Africa, Latin America and Asia for decades.

Many of today’s unhealthy foods were brought to you by Big Tobacco (Washington Post) For decades, tobacco companies hooked people on cigarettes by making their products more addictive. Now, a new study suggests that tobacco companies may have used a similar strategy to hook people on processed foods. In the 1980s, tobacco giants Philip Morris and R.J. Reynolds acquired the major food companies Kraft, General Foods and Nabisco, allowing tobacco firms to dominate America’s food supply and reap billions in sales from popular brands such as Oreo cookies, Kraft Macaroni & Cheese and Lunchables. By the 2000s, the tobacco giants spun off their food companies and largely exited the food industry—but not before leaving a lasting legacy on the foods that we eat. The new research, published in the journal Addiction, focuses on the rise of “hyper-palatable” foods, which contain potent combinations of fat, sodium, sugar and other additives that can drive people to crave and overeat them. The Addiction study found that in the decades when the tobacco giants owned the world’s leading food companies, the foods that they sold were far more likely to be hyper-palatable than similar foods not owned by tobacco companies. In the past 30 years, hyper-palatable foods have spread rapidly into the food supply, coinciding with a surge in obesity and diet-related diseases. In America, the steepest increase in the prevalence of hyper-palatable foods occurred between 1988 and 2001—the era when Philip Morris and R.J. Reynolds owned the world’s leading food companies.

Danish artist told to repay museum €67,000 after turning in blank canvasses (BBC) A Danish artist has been ordered to return nearly 500,000 kroner ($72,000; £58,000) to a museum after giving it two blank canvasses for a project he named Take the Money and Run. The Kunsten Museum in Aalborg had intended for Jens Haaning to embed the banknotes in two pieces of art in 2021. Instead, he gave it blank canvasses and then told Danish media: "The work is that I have taken their money." A court has now ordered him to return the cash, minus 8% for expenses.

#headlines #news

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if-you-fan-a-fire · 2 years

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[AL: Great interview with members of Rent Strike Bargain in BC about tenant unionism and collective struggle for tenants’ rights. As an early member of a tenant union in Ontario, I can’t recommend this kind of organizing enough - fantastic read.]

1. How many people rent their homes in British Columbia? How many people rent in Metro Vancouver? Are there figures on how many union members are renting? How many non-union workers are renting?

As of 2018, there were 600,000 renters in BC representing about one-third of all households, a number that rises substantially every year. The figure does not include illegal suites. In 2011, 136,135 (51%) of the 264,575 private households in the City of Vancouver were renter households.

Since we are a labour-tenant campaign, focusing on union members who rent is important to us as a group. We were unable to find published statistics on how many renters in British Columbia are unionized workers, so we developed our Workers Who Rent survey and distributed it to several unions in the province. Of the 833 responses we received, 93.5% (779) of respondents identified themselves as renters and around 60% of respondents provided a labour union affiliation.

2. What rent controls exist in BC and how are landlords working around these controls?

British Columbia currently has rent control tied to the tenant, and not to the unit. This means that if the same person stays in a unit, the rent is only allowed to be increased once a year up to a maximum percentage set by the province. However, once the tenant leaves the dwelling, the landlord can rent the same unit to someone else at any rate they choose. The lack of vacancy control – rent control tied to the unit, rather than the tenant – has created a perverse incentive for landlords across British Columbia to force out long-term tenants who have affordable or lower than market rents so that they can raise rents beyond what the current rent control regulations allow.

Tenant groups, unsurprisingly, have a history of organizing for vacancy control at the provincial level. More recently, the province ignored the recommendations of tenant groups across the province in 2018, when the BC Rental Housing Taskforce decided against recommending vacancy control and eliminating this loophole. Instead, the Task Force declared their intention to maintain rents tied to the tenant and not to the unit, signalling their alliance with landlords. Following this decision, the government made things worse by allowing a landlord to apply to the RTB to increase rent beyond the annual maximum allowed when they have completed necessary repairs to a rental unit. This has raised a huge concern for tenants in that the longer a tenant stays in a unit, the more an incentive exists for a landlord to find a way to evict them. Empowering landlords with the legal ability to exceed the maximum annual increase by removing a tenant or applying to the RTB for an exception has weakened housing security for renters across the province.

In BC we have few unfilled units in the market (aka a “low vacancy rate”) so more renters are competing for housing. This incentivizes landlords to evict and increase rent to the maximum number those tenants are willing to pay to secure decent shelter. A February 2022 study by the Canada Mortgage and Housing Corporation (CMHC) determined the vacancy rate in Vancouver was the lowest in Canada at 1.2 percent. A previous survey published in September of 2021 out of the University of British Columbia, Understanding Evictions in Canada through the Canadian Housing Survey, found that Vancouver had the highest rate of evictions in the country.

We urgently need Real Rent Control (vacancy control) for working-class people to survive in this environment. A recent report by the CMHC, which measured average rent levels in Canadian cities and compared them to average hourly wage earnings from Statistics Canada, found that an individual earning an average wage would have to work 198 hours a month to afford the average rent of a 2 bedroom apartment in Vancouver. In Victoria, a worker needed to work 163 hours. In both cities, an individual must work more than full-time hours (defined in the CMHC report as 150 hour per month) in order to afford housing. Wages are simply not keeping up with skyrocketing rents. Collective bargaining, which has helped elevate wages for workers, also must be accessed to empower workers to reduce their rents.

Our campaign for tenant collective bargaining rights comes after years of tenants organizing for vacancy control in British Columbia. Through past experiences, tenant groups have learned that the political class in Victoria has made it clear that it will not protect tenants by closing the vacancy loophole and otherwise protecting against ever-increasing rental rates. If the government refuses to act, another way to achieve vacancy control and lower rents is by tenants bargaining for vacancy control in a collective lease.

3. What is the role of the RTB? Is it working for tenants? What is RSB’s perspective on this body?

The Residential Tenancy Branch (RTB) is a quasi-judicial tribunal that administers and enforces BC’s rental legislation, the Residential Tenancy Act (RTA). It adjudicates disputes between landlords and tenants, such as wrongful evictions. Like other tribunals, it is intended to be easy for lay litigants to access without a lawyer, and to allow for quick decision making. Tenants who wish to make a legal challenge against their landlord regarding their tenancy are, for the most part, limited to the RTB.

In BC, the RTB is highly criticized by tenants, tenants’ groups, and tenants’ advocates, and is perceived as providing an unfair process that leads to unpredictability in how a dispute will ultimately be resolved. Unpredictability in the outcome of complaints tends to dissuade tenants from seeking to enforce their rights. RTB arbitrators are employees hired by the Director of the RTB to make decisions on the Director’s behalf, which makes their “appointments” less transparent and more bureaucratic. Unlike judges, arbitrators are not bound by precedent, which makes decision-making inconsistent and outcomes difficult to predict. Tenant hearings are also not transcribed or recorded, which makes it very difficult to seek judicial review where an arbitrator has acted unfairly.

The RTB also has a poor track record when it comes to protecting tenants’ rights. For some time, the province has been collecting data that tracked how many RTB disputes were settled, won by the tenant, or won by the landlord. Through FOI requests by tenant groups, the data revealed that the majority of disputes between tenants and landlords are settled–but out of the disputes that proceeded to a hearing, the vast majority were determined in favour of the landlord. Of great concern to RSB is that the government appears to have stopped collecting information about how many disputes are settled and how many are rendered in favour of the landlord versus the tenant (see here). You can read more about our opinions on the RTB in our August article for The Georgia Straight, “The BC NDP and [RTB] are failing renters.”

4. What are the major factors driving up rents? What percentage of rents are being pocketed by landlords, as opposed to covering maintenance costs, taxes, staffing, etc?

If housing is continued to be viewed as a for-profit commodity rather than a human right, rents will continue to rise, and tenants will continue to face displacement. Housing has been marketed as an attractive investment, which means that the people developing and renting it out are incentivized to spend as little money as possible and to make as much profit as possible. Elites in Ottawa and Victoria have let this problem get so out of hand, that much of the economy is reliant on land tax revenue and the speculative value of property owned by the government–see, for example, how the province has balanced its most recent budget here.

In a further tip of the hat to landlords and developers, the provincial government has embraced an approach to housing construction that focuses on deregulation in the belief that this will promote development and increased supply of housing. Increased housing supply will not fix our affordability problem and has so far only further enriched an elite class of property owners who have a clear interest in increasing the cost of housing as much as possible. Patrick Condon is a scholar at UBC who has written extensively criticising the idea that simply increasing supply leads to increased affordability. You can read his article here.

In addition, as mentioned, there is an economic incentive for landlords to evict tenants in order to raise rents. A common tactic that is used by landlords to accelerate this process is through deferring regular maintenance. This simultaneously makes the units less liveable and more unsafe for current tenants. Manufacturing emergencies to force a “renoviction” is an easy pretence for landlords to displace long-term tenants, and once the repairs are complete the rents are raised substantially. As we also mentioned earlier, the BC government provides another tool for landlords to use to raise rents without eviction too; by making necessary repairs and applying to the RTB for an order to increase the rent. Renters should not be responsible to pay for these repairs or for maintaining the value of the building for the landlord–that is their job to do with the money they already collect from us on a monthly basis. Further, we see government approval of increased rents for necessary repairs as a means for landlords to effectively evict those tenants who cannot afford an increase and will have to move.

We also simply do not know what percentage of a tenant’s rent is being pocketed by landlords as opposed to covering maintenance costs, taxes, and staffing because this information is not publicly available nor is it available to individual tenants. However, a framework allowing for tenant collective bargaining should allow for access to such information to encourage good-faith bargaining, which exists in labour collective bargaining.

5. RSB’s prime objective is to win collective bargaining rights for tenants in British Columbia. What brought RSB members to these conclusions about the need for tenant collective bargaining?

When Rent Strike Bargain was first established, the goal was to run a campaign to change the law and to build long-term capacity for the renters’ movement. We had recently gone through a massive change in provincial power, moving from the BC Liberals to the BC NDP, and many renters experienced the shocking realization and disappointment that we had no friends in government after all. So, we wanted to come up with a campaign focussed on empowering renters to take control of their homes.

Some of our early members came across the article Tenant Organizing and the Campaign for Collective Bargaining Rights in British Columbia, 1968–75 by Paul S. Jon, which described the BC tenants’ movement and a campaign for collective bargaining in the late sixties to mid-seventies. What was so powerful about that campaign was that its ends (winning collective bargaining rights for renters) were also its means (organizing for power through tenant unions). However, the BC renters’ movement was different then, and more rural tenant unions already existed. Connecting with this history, we were inspired to create our own three-pillar platform for empowering tenants to act collectively to protect their homes:

Fostering Tenant-Labour Solidarity

Seeding new Tenant Unions across the province

Achieving Collective Bargaining Rights for Tenants

Many of our members have backgrounds in both tenant and labour organizing. In organizing the campaign, we found that there was quite a bit of interest in exploring how these two working-class movements could mutually strengthen each other to pursue their own goals. What we realized in planning the campaign was that a provincial drive to start up new tenant unions would need provincial partners that were democratic and led by local members. While some tenant unions have vanished over the years, labour unions still exist in even the smallest of towns and have helped us to get in touch with working-class people who already had some idea, through participation in labour unions, of what collective bargaining and organizing could do for renters.

- “The challenges of tenant unionism in British Columbia,” Rank and File. March 18, 2022.

#tenant union #tenant rights #tenant organizing #tenants #rental housing #rent strike #vancouver #canadian politics #british columbia politics #affordable housing #capitalism in canada #capitalism #residential tenancy branch #residential capitalism

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atlanticcanada · 1 year

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'We could see closures in Canada': frustrated retailers fight losing battle with shoplifters

There's evidence the growing problem of shoplifting is actually altering the retail landscape.

Walmart, the world's largest retailer, abruptly closed four of its eight stores in Chicago, Ill., last week,

Media reports cite a lack of profits, theft and security concerns as the company’s reasons for the shutdown.

Experts say it might very well happen in the Maritimes.

"I do think we could see some closures in Canada. Maybe Walmart, maybe not, but it wouldn't surprise me," said retail analyst Bruce Winder from Toronto.

"If you look at the hardest areas hit economically, you look around Canada, especially in some of the big cities, you've got the increase in housing [costs], that just went through the roof whether it's rent or mortgage payments for people that have doubled or tripled because of interest rates," said Winder.

"I think we're at the tipping point now, where people are getting a lot more aggressive shoplifting."

According to Statistics Canada, Shoplifting is at an all-time high.

Thanks to a change in reporting last year, Halifax numbers are hard to pin down, but police acknowledge the problem.

"Like many regions across the country, we have seen an increase in retail theft and break and enters, particularly since 2020, including in Halifax," said Const. John MacLeod, Halifax Regional Police public information officer, in an email to CTV News.

"We do not know all the reasons driving this increase – but we are aware and working closely with community partners to work on solutions.”

"We have had several discussions with business districts and other stakeholders recently regarding such matters, and remain engaged in ongoing dialogue to ensure business owners are aware of the proper conduits to report incidents and connect with police officers in their area.”

MacLeod said the force is also trying to be more visible in the community by conducting foot patrols and using community officers.

Jim Cormier, the Atlantic director of the Retail Council of Canada, says retailers are at their “wit’s end” when it comes to shoplifting.

"They want to be good citizens, they want to do things responsibly, but when people are brazenly stealing from them, they have to be able to have some kind of measure where they can deal with it," said Cormier, adding his group and other stakeholders plan to meet with the provincial justice minister next month to discuss the issue.

"Statistics Canada has been showing time and again that there’s a dramatic increase in shoplifting," said Cormier.

"And it's not just limited to central Canada or to the bigger cities, where we think, 'Oh, that's where these things happen.' It's happening in Halifax. It's happening in Moncton. It's happening in Saint John, Charlottetown -- you name it."

In an afternoon statement to CTV News, Walmart indicated it would be beefing-up security.

"Retail crime – including theft and arson– is sadly higher than it historically has been at Walmart Canada and across the entire retail industry," said Stephanie Fusco, Walmart's senior manager of corporate affairs.

"This is very concerning for our business, our associates, our customers and the industry."

"Canadians rely on us for our everyday low prices on the products and services they need the most -- especially in challenging economic times like we are facing now. We want to reduce theft as much as possible in order to keep our everyday low prices as we continue to help Canadians save money and live better."

"Walmart Canada uses a variety of measures to manage and prevent theft and to keep our associates and customers safe. We’re increasing our investment in these measures, including enhancing our asset protection technologies and procedures in-store," the statement concluded.

from CTV News - Atlantic https://ift.tt/706OuAl

#new brunswick #prince edward island #nova scotia #news #politics #canada #CTVAtlantic

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ao3-feed-shadam · 2 years

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I Only Got One Thing On My Mind (You)

by negativefouriq

Keith feels something hot and heavy burn in his chest, looking at Lance outshine the sun, a small smile bearing just a hint of his crooked front tooth. The sounds of his friends’ laughter and the rushing of the wind as they whip down the highway, the heat of the late summer air, and Lance and Lance and Lance. He’s suddenly flooded with images of Lance’s laughter, the creases he gets next to his eyes. He imagines those lines getting deeper as Lance continues to laugh brightly and unabashedly through their lives; he imagines holding a sun-browned hand in front of the warmth of a fire in deep winter; he imagines the sound of Lance’s pacing as they fret over a mortgage; he imagines Lance’s even breathes on white sheets as the slow morning rays wake him up. He imagines the rest of his life, the rest of their life, and he sees it so clearly that he feels it reverberate in his bones, feels it in the ache of his teeth.

Oh my God, I’m going to marry you, he thinks, and the words spark along his skin in every place it touches Lance’s. --- OR: Keith decides to propose to Lance. Allura agrees to help him set up. It's a fun time.

Words: 4390, Chapters: 1/1, Language: English

Fandoms: Voltron: Legendary Defender

Rating: Teen And Up Audiences

Warnings: No Archive Warnings Apply

Categories: Gen, M/M

Characters: Keith (Voltron), Lance (Voltron), Allura (Voltron), Lance's Mother (Voltron), Hunk (Voltron), Pidge | Katie Holt, Shiro (Voltron), Adam (Voltron), Lance's Family (Voltron)

Relationships: Keith/Lance (Voltron), Allura & Keith (Voltron), Keith & Lance's Mother (Voltron), Allura & Hunk & Keith & Lance & Pidge | Katie Holt, mentioned Adam/Shiro (Voltron)

Additional Tags: guys im real fond of this one ill be honest, i decided to completely indulge myself, so: its set in toronto & keith's last name is gyeong and lance's is sanchez, and all my usual hills to die on, sappy Klance, Established Keith/Lance (Voltron), Marriage Proposal, HELL YEAH BITCHES THATS WHAT THIS IS, Fluff, Humor, Domestic Fluff, okay heres the rundown on the samily situation here, Allura & Lance (Voltron) are Cousins, omg thats a tag, but yeah! theyre cousins and allura calls lances mom tia marcela :)), melenor and marcela were siblings, thats honestly not important or plot relevant but its imporant to me that u know, allura and lance grew up together but she's best friends with keith, i tried to make all references googleable but if u dont know what smth is ask, sorry but im canadian and i dont know enough about america to write modern aus there 😭😭, Tall Keith (Voltron), Keith (Voltron) Has ADHD, Whipped Keith (Voltron), Lance (Voltron) is a Ray of Sunshine, Keith (Voltron) is a Good Boyfriend, Lance (Voltron) is a Good Boyfriend, Allura (Voltron) is a Good Friend, she puts up with a lot of shit i wont lie, Smart Lance (Voltron), Observant Lance (Voltron), Brown-Eyed Lance (Voltron), Autistic Lance (Voltron), This is so sappy, oh i should probably tag reckless driving, Reckless Driving, do not do what they do. romanticise it and move on, Alternate Universe - Modern Setting

source https://archiveofourown.org/works/41358939

#adashi #shadam #voltron #vld #voltron legendary defender #ao3feed #fanfic

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loansunemployedca · 2 years

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EI Payday Loans Canada @ www.loansforunemployed.ca

What is EI loans in Canada?

EI loans in Canada are a type of mortgage that allows you to borrow money against the value of your home. This is an extremely popular way to buy a house, because it offers lower interest rates than other types of mortgages and makes it easier to get approved for a loan.

EI loans in Canada can be used by anyone who owns their own home. However, it's not available to everyone. To qualify for an EI loan in Canada, you'll need to have been a Canadian citizen or permanent resident for at least three years before applying for an EI loan. You'll also need to have lived in Canada for at least 90 days before applying for an EI loan.

If you meet these criteria, then you may be eligible for an EI loan in Canada. You must also pass a credit history check before you can apply for an EI loan in Canada."

EI Payday Loans for Unemployed on Benefits @ https://www.loansforunemployed.ca/EI-payday-loans-canada.html

Can You Get a Payday Loan with Employment Insurance (EI)?

You can’t get a payday loan with Employment Insurance (EI). If you are unemployed and looking for a way to pay for bills or other expenses, you can apply for a loan from a financial institution.

You will need to provide proof of your income and employment. You should also have a bank account and credit rating that is good enough to qualify for a loan.

If you are not eligible for EI, it may be possible to get other kinds of loans such as pawn loans or even lines of credit. However, these types of loans can often be more expensive than the average EI claim.

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landmarkfinancialgroup · 2 years

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Why should you invest in real estate in Canada?

Buying a house or commercial space in Canada can be very beneficial for you if you understand their laws properly. To begin with, ownership of property in Canada does not need residency or citizenship. However, if you want to stay in Canada permanently, you must complete immigration requirements first. Annual tax reports are required by the CRA for non-Canadian owners of rental property in Canada (CRA).

Property Taxes

First, $200,000 is taxed at one percent, while the rest is taxed at two percent when purchasing a home in the province of Quebec. First-time homebuyers in Canada may be exempt from this program. Annual property taxes based on market value are also levied by municipalities. Schools are included in municipal levies. The data on a property's tax bill is widely available. A portion of your GST can be refunded if you're moving into a newly constructed or builder-renovated house for sale west island Montreal or in any other location. GST does not apply to resale properties.

Rental Property Taxes

Canada's Income Tax Act mandates that all rental income be taxed at a rate of 25 percent per year. Filling out Form NR6 allows non-residents to deduct 25% of their net rental revenue (after expenses). If the rental property is losing money, you can deduct the losses from your taxes. If you're a co-owner or a partner, the tax treatment of your rental or company revenue will differ. The operational and capital costs of renting a property are tax-deductible expenses. The latter option is more advantageous. Rental income cannot be reduced by the expense of renting furniture or equipment. Expenses for products that depreciate can be subtracted over time. Allowance for future costs of capital (CCA).

It is possible to deduct investment property taxes and the interest paid on mortgages, bank loans, and credit lines in Canada.

Putting commercial, residential, or Industrial real estate for sale Pointe-Claire

Non-Canadians who sell Canadian real estate face a 50% withholding tax. Those who make a profit from their investments must notify the Internal Revenue Service (IRS). A foreign tax credit can be claimed if the gain was taxed in Canada. CRA clearance certificates are required for non-residents selling Canadian property. With no proof of residency, a buyer could be held accountable for any unpaid taxes by the Canadian Revenue Agency (CRA).

If the home is your principal residence and you're a Canadian resident, you won't be subject to capital gains tax. It doesn't matter where you live, as long as it's where you spend most of your time. 3 For those who prefer a cottage or mobile home, this is an option. Each family is allowed to have only one principal residence at a time. Consequences follow from this need. As a result, you must decide which of your properties to categorize as your primary residence based on the number of capital gains. You may also consult with specific brokers in areas such as Montreal commercial real estate brokers.

Prorate capital gains if the property was not your primary residence for the whole time that you owned it. Taxable capital gains may result from moving from a rental to a primary residence. It is possible to delay this gain until the sale of the property.

Taxes on capital gains accrue when you leave Canada with appreciated Canadian assets. When a non-resident property owner dies or transfers property to a firm or a relative, this "deemed disposition" may also apply, even if no money is transferred.

Home equity

If you have equity in your Canadian home, you could benefit from a reverse mortgage or an equity line of credit (HELOC). If you're 55 or older, you can get up to 55% of your home's market value with a reverse mortgage. Tax-free and non-returnable. Long-term ownership of a home is an option for those who have saved their money and invested it wisely. Upon the death of the homeowner, or the sale of the property, the loan is paid back. 5

There is a second mortgage on your home that is used to secure your HELOCs. There is no penalty for paying down the principal at any time. However, lines of credit have a lower interest rate than unsecured loans, but higher interest rates than mortgages.

In general, property laws in Canada are fairly lax. Non-Canadian citizens can deduct property taxes and interest payments from their taxable income. Owning, inhabiting, renting, and selling property all have tax implications that should be understood before making an investment.

Source By: https://landmarkrealties12.blogspot.com/2022/06/why-should-you-invest-in-real-estate-in.html

#real estate in Canada

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mortgagesmontreal · 17 hours

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Best Mortgage Rates Montreal

Mortgages Montreal as a reputed Canadian mortgage broker, our main goal is to offer our customers the most affordable, competitive mortgage services. Please contact us if you would like more information about Best Mortgage Rates Montreal or any of our mortgage services.

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mortgagedeliveryguy · 10 months

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Mortgage Broker In Canada - Mortgage Delivery Guy

Looking for a reliable mortgage broker in Canada? Look no further than Mortgage Delivery Guy! With years of experience and a strong network of lenders, we find the best mortgage options tailored to your needs. Trust our expertise and personalized service for a smooth and stress-free home financing journey.

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ratetradecanada-blog · 2 days

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What is the lowest mortgage rate ever in Canada?

Curious about historic lows in Canadian mortgage rates? Stay informed with us! While specific rates fluctuate based on various factors, the lowest mortgage rates in Canada have dipped remarkably low in recent years, offering homeowners unprecedented opportunities.

Keep updated with our expert insights to seize the best rates available and make informed financial decisions. Whether you're a first-time buyer or considering refinancing, understanding historical trends empowers you to navigate the mortgage market effectively. Reach out to us for personalized advice tailored to your needs, ensuring you secure the most favorable terms for your dream home or investment property.

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bisphenol-a · 2 days

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If you listen to Canadian politicians, the solution to our housing crisis seems to be some combination of immigration reform and a herculean countrywide building effort.

But Paul Kershaw, a public policy professor at the University of British Columbia and founder of the affordability advocacy group Generation Squeeze, says the emphasis on increasing housing supply obscures an issue politicians are less likely to address.

Namely, that we, as a country, have become addicted to ever-rising home prices, largely because we've been conditioned to see our homes as financial assets.

"There are multiple things we need to do [to reduce prices], and more supply is one of them," said Kershaw. But funding announcements for building projects are a "way to organize our concern about the housing system so that we don't have to … look in the mirror — particularly homeowners who have been homeowners for a long time — and say: 'How are we entangled?'"

He said the current system incentivizes extracting profit from real estate, rather than prioritizing that everyone has access to affordable shelter.

"We need clarity about what we want from housing," said Kershaw. "And it has to start with: 'We don't want these prices to rise any more.'"

Asked about an Alberta bill that would block the federal government from directly sending funding to cities, Prime Minister Justin Trudeau said provinces who don't want to solve the housing crisis should "just get out of the way."

The trajectory of home prices is well-known to most Canadians. According to the Canadian Real Estate Association, the average home in January 2005 sold for $241,000. By February 2022, it had more than tripled, before easing somewhat to $719,400 in February 2024.

On Friday, Royal LePage released a forecast that suggested the aggregate price of a home in Canada will increase nine per cent year-over-year in the fourth quarter of this year.

Meanwhile, earnings in Canada have lagged significantly behind housing costs, such that the ownership costs on an average home consume more than 60 per cent of median household income, according to a recent RBC report.

On the face of it, the lack of affordable housing seems like an issue of supply — just build more to meet demand and prices will come down.

But part of the problem is the source of that demand: it's increasingly investors.

The Bank of Canada found that investors were responsible for 30 per cent of home purchases in the first three months of 2023. That's up from 28 per cent in the same period in 2022 and 22 per cent in the same period in 2020.

That report also found the percentage of first-time homebuyers dropped to 43 per cent in the first quarter of 2023 from 48 per cent in the same three months in 2020.

"What's been happening over the last 10 years is that the share of homes bought by first-time buyers has been declining, and their market share has largely been taken over by investors," said John Pasalis, president of Toronto-based Realosophy Realty.

The Bank of Canada's definition of an investor is a buyer who took out a mortgage to purchase a property while maintaining a mortgage on another home.

The central bank has said that "during housing booms, greater demand from investors can add to bidding pressures and intensify price increases."

Early in the COVID-19 pandemic, we saw an uptick in people buying second properties.

Robert Hogue, assistant chief economist at RBC, says a combination of low interest rates at the time and many people sitting on large savings "encouraged speculative activity."

But he doesn't see current high prices "as only being a problem of speculative activity."

House-flippers and foreign buyers are often singled out as major drivers of real estate speculation, and various jurisdictions in Canada have introduced legislation to neutralize those kinds of investments.

But Pasalis said those types of buyers aren't having a major influence on prices. Domestic investors in the low-rise housing market are having a much greater impact.

He said they generally fall into two categories: those who buy directly from developers and those who are moving but decide to hold on to their first residence.

"If they're upsizing or moving out of the province or country, the first question we get is: 'Can we keep our current home as a rental?'" said Pasalis.

"They're not like active investors. They're just looking at the market, they're looking at how quickly home prices are going up. Everyone sees housing as a decent investment, so everyone's mindset is: Why should I sell it?"

It's one reason there's less housing supply for first-timers.

Purchasing a home has a variety of benefits. It gives many people a sense of accomplishment and the security of knowing they can't be evicted. It also allows them to build up equity, which can help fund renovations, a move to another residence and even retirement.

Many families pass properties on to subsequent generations, which also makes home ownership something of an emotional investment.

Higher prices help existing homeowners tap more home equity and reap greater profits if and when they do decide to sell. Governments also have an interest in high property values because they translate to larger tax revenue, said Diana Mok, associate professor of real estate at the Lang School of Business and Economics at the University of Guelph in southern Ontario.

Not only that, but real estate is the single-biggest contributor to Canadian GDP, according to Statistics Canada.

"The housing market encompasses a very large variety of sectors — think about realtors, think about lawyers, think about construction," said Mok. It's not just "all the buying and selling, but it's all the labour that contributes to the economy."

While Prime Minister Justin Trudeau has publicly lamented high prices, Hogue said he can't imagine "any government that would intervene to lower home prices as an objective. I don't think that would be a winner from a political point of view."

Naama Blonder, an architect and urban planner with the Toronto-based firm Smart Density, says part of the problem is a societal obsession with home ownership.

"I think many Canadians think that when we are talking about the affordability crisis, we are talking about their ability to own a house with a backyard.

"For them, 'We are priced out of owning a house, therefore, we have an affordability crisis that we need to solve.' I have news for you … what worked for our parents is not going to be the model for us," said Blonder.

"We don't have politicians who are bold enough to say: 'It's more than OK to rent.'"

The upcoming federal budget on Tuesday will undoubtedly contain a number of measures to address the housing shortage. Recent funding announcements have responded to the desire for more rental housing, but the scale of the need is daunting.

In a 2024 report, the Canada Mortgage and Housing Corporation said despite a record number of projects started between 2021 and 2023, "this increase will not meet the growing demand. As a result, rental markets will remain tight, particularly in the pricier areas of Canada."

Pasalis said that for all the hand-wringing over housing prices, he doesn't see there being any political will to rein in investors. And he's skeptical of the federal government's recently announced financial incentives to help first-time buyers get into the market.

Putting young people further in debt "is not a way to make housing more affordable," he said.

Kershaw of Generation Squeeze says a broader "tax shift" is required. He advocates an annual tax on "housing wealth" aimed at the owners of the most valuable 10 per cent of homes in Canada as one way to dampen housing prices, while also raising funds to invest in affordable housing.

"What started happening in B.C. and spread throughout the country is that we weren't just satisfied with paying off our mortgage to build equity. We're like: 'You know what? I want this home price to double, triple, quadruple.'"

When existing homeowners want prices to rise faster than earnings in the local economy "is the moment you want a wealth windfall for those who are owners now that will come, by definition mathematically, at the expense of affordability for those who follow," Kershaw said.

"That's the trouble we've gotten ourselves into. And if we cannot have that conversation, we will never solve the crisis of housing affordability."

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primehomerealty · 4 days

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Evaluating Adjustable-Rate Mortgages: Benefits and Risks

When navigating the complex terrain of home financing, one critical choice buyers in Toronto, Ontario, Canada face is between adjustable-rate mortgages (ARMs) and fixed-rate mortgages. Adjustable-Rate Mortgages, in particular, present a unique set of opportunities and challenges that can significantly impact a homeowner's financial future. Given the volatile nature of real estate markets, understanding the intricacies of ARMs is essential for making informed decisions. This article delves into the benefits and risks of ARMs, providing a balanced view to help prospective homeowners in Toronto make educated choices. Understanding Adjustable-Rate Mortgages (ARMs) Adjustable-Rate Mortgages (ARMs) are home loans with interest rates that can change over time, typically in relation to an index. Unlike fixed-rate mortgages, where the interest rate remains constant throughout the life of the loan, ARMs start with a fixed rate for a predetermined period, after which the rate adjusts at regular intervals. According to the Canadian Mortgage and Housing Corporation, this initial period can range from a few months to several years, depending on the terms of the mortgage. The appeal of ARMs lies in their usually lower initial interest rates compared to fixed-rate mortgages, making them an attractive option for homebuyers expecting to move or refinance within a few years. However, the complexity of ARMs can be daunting. For instance, the Bank of Canada's interest rate decisions can influence the index to which ARMs are tied, impacting monthly payments and overall affordability for homeowners in Toronto. Predicting how and when rates will change is a challenge, given the unpredictable nature of global and local economic factors influencing the real estate market in Toronto. This unpredictability necessitates a thorough understanding of the terms of an ARM, including the adjustment frequency, rate caps, and the index it is tied to, to mitigate unexpected financial strain. Assessing the Benefits and Risks of ARMs Benefits of ARMs: The primary advantage of adjustable-rate mortgages is the potential for lower initial monthly payments. This can be particularly beneficial for buyers in Toronto's competitive real estate market, where lower upfront costs can make homeownership more accessible. Additionally, ARMs can be a smart choice for individuals who plan to sell or refinance their home before the initial fixed-rate period ends, potentially saving thousands in interest payments. Risks of ARMs: However, the risks associated with ARMs cannot be overlooked. The possibility of rate increases after the fixed period can lead to significantly higher monthly payments, which may strain homeowners' budgets. For those living in Toronto, where the real estate market has experienced frequent fluctuations, such unpredictability can be a source of financial stress. Furthermore, unexpected changes in personal circumstances, such as job loss or reduced income, can exacerbate the challenges posed by adjustable rates. Despite these risks, a report from the Toronto Real Estate Board suggests that a segment of the market continues to find ARMs appealing, driven by the initial cost-saving benefits. Yet, the decision to choose an ARM should be made with a comprehensive understanding of one’s financial stability and long-term housing plans. It is advisable for buyers to consult with financial advisors and mortgage professionals to assess how an ARM fits into their overall financial strategy. In conclusion, adjustable-rate mortgages offer a mix of opportunities and challenges for prospective homeowners in Toronto. While the initial lower payments can be attractive, the potential for future rate increases poses a significant risk that must be carefully considered. As with any major financial decision, the key to navigating ARMs successfully lies in understanding these complex products thoroughly and planning for the future with both optimism and caution. With careful consideration and professional advice, ARMs can be a beneficial part of a broader financial strategy for homebuyers in the dynamic Toronto real estate market. Read the full article

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belltilley17 · 5 days

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Unlocking the Door: Navigating the Canadian Housing Market

https://almasi.ca/

Looking to make Canada your new home? Navigating the Canadian housing market may seem like a complex maze, but fear not - with the right guidance, buying a house in the Great White North can be a rewarding and fulfilling experience. Whether you're a first-time buyer or looking to invest in the Canadian real estate market, understanding the ins and outs of buying a house in Canada is essential to make an informed decision that fits your needs and budget.

From the bustling urban landscapes of Toronto and Vancouver to the serene countryside of Nova Scotia, the Canadian housing market offers a diverse range of options for prospective homebuyers. Factors such as location, property types, market trends, and legal nuances all play a crucial role in the home buying process. As you embark on this exciting journey to buy a house in Canada, arming yourself with knowledge and resources will be your key to unlocking the door to your dream home.

Market Overview

In Canada, the housing market presents a dynamic landscape for those looking to buy a house. With diverse options ranging from urban condominiums to spacious suburban homes, there is something to suit every preference and budget. The market is influenced by various factors including economic conditions, interest rates, and regional trends.

Buyers in Canada should be aware of the current market conditions and trends to make informed decisions when purchasing a property. It's important to research the different housing markets across the country, as each region may offer unique opportunities and challenges. Factors such as supply and demand, housing inventory, and pricing fluctuations all play a role in the overall market health.

Overall, the Canadian housing market continues to be a competitive and ever-evolving space. Whether you are a first-time homebuyer or a seasoned investor, understanding the market dynamics and seeking professional guidance can help navigate the complexities of buying a house in Canada. By staying informed and adapting to changing conditions, buyers can position themselves for success in achieving their real estate goals.

Buying Process

In Canada, buying a house involves several key steps. First, it is important to connect with a real estate agent who has a good understanding of the local market and can help you navigate the buying process smoothly. They will assist you in finding suitable properties within your budget and preferences.

Once you have found a property you are interested in, the next step is to make an offer. Your real estate agent can help you determine a reasonable offer price based on market trends and comparable sales in the area. Negotiations may ensue between you and the seller until an agreement is reached on the terms of the sale.

After your offer has been accepted, you will need to secure financing for the purchase of the property. This often involves working with a mortgage broker or lender to explore different loan options and find the best mortgage rate available to you. Once the financing is in place, the final steps include completing a home inspection, finalizing the legal paperwork, and preparing for the closing of the sale.

Financing Options

When it comes to financing your home purchase in Canada, there are several options available to you. One common choice is obtaining a mortgage through a bank or other financial institution. This involves borrowing money to buy your home and then making regular payments with interest over a set period of time.

Another option is to explore government-backed programs that provide assistance with home buying. In Canada, programs such as the First-Time Home Buyer Incentive and the Home Buyers' Plan can help eligible individuals make their dream of homeownership a reality.

Lastly, you may also consider seeking assistance from a mortgage broker who can help you navigate the various financing options available. These professionals can provide valuable insights and guidance on finding the best mortgage product to suit your needs and financial situation.

#Realtor

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markerchristensen54 · 5 days

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Maple Leaf Manor: Your Guide to Buying a House in Canada

Find acreage for sale near [Landmark] in Campbell (Replace with a specific landmark)

Welcome to your guide on purchasing a house in Canada, specifically focusing on properties for sale across this beautiful country. Whether you're seeking a cozy countryside retreat or a spacious urban dwelling, Canada offers a diverse range of real estate options to suit every lifestyle. From picturesque homes with sprawling acres of land to modern city residences, there is something for everyone in the Canadian housing market.

If you dream of owning a house with acreage in Canada, you're in luck. The vast landscapes and scenic views make it a desirable destination for those looking to enjoy peaceful surroundings and ample space. Whether you're interested in a secluded country estate or a charming farmhouse, the Canadian real estate market has an array of options to explore. Let's embark on this exciting journey together as we delve into the world of house hunting in Canada.

Location Considerations

When searching for a house for sale in Canada, one of the key factors to consider is the location. Canada's vast landscape offers diverse options for living, whether you prefer a bustling city environment or a tranquil rural setting.

For those seeking a house with acreage in Canada, exploring areas outside major cities like Toronto and Vancouver can lead to finding properties with more land. Regions such as Ontario's countryside or British Columbia's rural communities may offer the space and privacy desired for a house with acreage.

In addition to acreage, proximity to amenities and services should be taken into account when choosing a location for a house in Canada. Access to schools, healthcare facilities, shopping centers, and recreational activities can greatly impact the convenience and lifestyle of a potential property.

Property Features to Look For

When seeking a house for sale in Canada, pay close attention to the property features that align with your lifestyle and preferences. Consider the availability of essential amenities such as schools, healthcare facilities, and shopping centers within the vicinity. Additionally, explore the neighborhood's safety and accessibility to main roads for convenient commuting.

If you desire a house with acreage in Canada, prioritize properties that offer ample outdoor space for recreational activities or potential agricultural pursuits. Look for homes with expansive yards, gardens, or even wooded areas that provide privacy and a serene environment. A property with acreage can offer a unique opportunity to enjoy nature and create your own oasis.

In your search for the perfect house with acreage in Canada, consider features such as existing infrastructure for farming or gardening, such as barns, sheds, or fenced areas. These elements can enhance the functionality of the property and make it easier to pursue your agricultural or hobby farming aspirations. Additionally, assess the quality of soil and water sources for any agricultural endeavors you may have in mind.

Buying Process in Canada

Once you have found a house for sale in Canada that meets your needs, the next step is to make an offer. It is common practice to work with a real estate agent who can guide you through the process and help negotiate the best deal for you.

In Canada, once your offer is accepted, you will typically need to secure financing for the purchase. This involves working with a mortgage broker or lender to find the best mortgage rate and terms that fit your financial situation.

After securing financing, the final steps in the buying process include conducting a home inspection to ensure the property is in good condition, finalizing all legal paperwork, and completing the purchase transaction. It is important to work closely with your real estate agent and legal professionals to ensure a smooth closing process.

#Realtor

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haganparker15 · 5 days

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A Guide to Unlocking Your Dream Home: Buying a House in Canada

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Welcome to the exciting journey of finding and purchasing your dream home in Canada. Buying a house is a significant step towards achieving your life goals and creating a haven that truly reflects who you are. Canada offers a diverse real estate market with a range of options, from urban condos to charming rural retreats, ensuring there is a perfect home for every taste and lifestyle. Whether you are a first-time buyer or looking to upgrade to your forever home, this guide aims to provide you with the essential information and tips to make the process as smooth and rewarding as possible.

Researching the Canadian Housing Market

Firstly, begin your house-buying journey by exploring the diverse housing options available across Canada. Different provinces and cities offer varying home styles, prices, and amenities, so it's essential to understand the local market trends and preferences. Consider factors such as affordability, proximity to essential services, and the overall quality of life the neighborhood can offer.

Next, delve into the specifics of the Canadian real estate market by analyzing current property listings, average selling prices, and market forecasts. Research reputable online platforms and real estate agencies to gain insights into the latest trends and developments in the housing sector. Take note of any emerging neighborhoods or upcoming developments that may influence your decision-making process.

Furthermore, seek guidance from local real estate experts or attend property seminars to enhance your understanding of the Canadian housing market. Networking with professionals in the industry can provide valuable advice and knowledge about the nuances of buying a house in Canada. Remember, conducting thorough research is crucial to making informed decisions and securing your dream home in this diverse and dynamic real estate landscape.

Navigating the Purchase Process

Once you've found your dream home in Canada, the next step is to make an offer to the seller. It's essential to work with a real estate agent who can help you navigate the negotiation process and ensure you are getting the best deal possible.

After your offer is accepted, you will enter into the closing process. This involves finalizing the details of the sale, conducting a home inspection, and securing financing. Your real estate agent will guide you through this stage to make sure everything goes smoothly.

Finally, on the closing day, you will sign all the necessary paperwork and officially take possession of your new home. It's an exciting moment that marks the end of the homebuying journey and the beginning of a new chapter in your life.

Understanding Mortgage Options

When looking to buy a house in Canada, understanding the mortgage options available to you is crucial. Different financial institutions offer a variety of mortgage products tailored to suit various needs and financial situations. It is essential to research and compare the interest rates, terms, and conditions of each mortgage option to find the best fit for your dream home purchase.

Fixed-rate mortgages are popular among buyers as they offer stable monthly payments throughout the term of the loan. On the other hand, variable-rate mortgages have interest rates that can fluctuate based on market conditions. It's important to consider your risk tolerance and financial goals when deciding between these two options. Additionally, some lenders may offer special mortgage programs or incentives for first-time homebuyers, so be sure to inquire about these opportunities when exploring your mortgage options.

Before finalizing your mortgage choice, make sure to factor in additional costs such as property taxes, insurance, and closing fees. Understanding the full scope of your financial obligations will help you make an informed decision and ensure that you are prepared for homeownership in Canada.

#Realtor

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