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How to make an offer on a house in Canada

You’ll never forget the first time you put an offer in on a house. Following a whirlwind of emotions, visiting several –or, in some cases, dozens—of homes, you finally think you’ve found the one and...

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What is a Purchase Plus Improvements Mortgage?

Imagine you’ve been searching for a home; you’ve visited a few houses, each time getting a clearer picture of what your dream house looks like. And then you find it: The perfect home. Only, there’s one...

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Bank of Canada Maintains Overnight Interest Rate, Eyes Future Economic Recovery

The Bank of Canada announced Wednesday it will maintain its target overnight rate at 0.25%, noting optimism about economic recovery as a result of worldwide vaccination progress.   The target for the...

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Lessons Learned From My First Year of Homeownership

Owning a house is exciting. Last October, my wife and I made the big move of purchasing our first home together.  The house is something we take pride in, and we want to ensure it has a warm, friendly...

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Is Mortgage Interest Tax-Deductible in Canada?

YourThe amount we pay in taxes to the government each year adds up. Unsurprisingly, many are interested in claiming as many deductions as possible to help lower these tax bills. Things like donations,...

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