In the world of real estate transactions, the period between signing an Agreement of Purchase and Sale (APS) and the actual closing date can be fraught with unexpected challenges. A recent Ontario Superior Court of Justice decision in McDonald v. Lowrie highlights the importance of understanding your contractual obligations when disaster strikes a property before closing. When […]
Recent developments in US-Ukraine relations have created a new geopolitical reality that demands fresh thinking from all parties involved in the ongoing conflict. As of March 4, 2025, President Donald Trump has suspended both military aid and intelligence sharing with Ukraine, marking a significant pivot in American policy toward the war. Understanding the Current Situation […]
Introduction On March 4, 2025, the Trump administration imposed a 25% tariff on Canadian goods and a 10% levy on energy imports. These tariffs have ignited significant debate about the true motivations behind these economic measures and what they mean for both countries. While officially justified as tools to address immigration, drug trafficking, and fiscal […]
In a seismic shift that sent shockwaves through the tech industry, Chinese AI startup DeepSeek has emerged as a formidable challenger to Silicon Valley’s AI dominance. The company’s latest AI model, R1, has accomplished what many thought impossible: matching the performance of leading U.S.-based AI systems while slashing costs to a fraction of industry standards. […]
Ever wonder why mortgage rates change and how they’re determined? Let’s break down the complex world of mortgage rates into simple, digestible pieces that will help you make informed decisions about your mortgage. The Building Blocks: Key Interest Rates Think of Canada’s interest rate system like a multi-story building: The Foundation: Overnight Rate This is […]
“A young woman who’s got a biological clock obviously will do the math. You know, you start off at, let’s say you’re 25, well, you’re gonna be in your 50s before you can afford the average house. So how are you gonna ever gonna have kids?” These sobering words from Pierre Poilievre, leader of Canada’s […]
As we step into 2025, Canadians can expect several significant changes to laws and regulations that will impact their daily lives. From tax adjustments to healthcare improvements, here’s a comprehensive overview of what’s new this year. Tax and Financial Changes Updated Tax Brackets The Canada Revenue Agency (CRA) has announced new tax brackets indexed to […]
The first half of December 2024 has delivered a series of transformative developments that are rapidly reshaping Canada’s real estate landscape. From monetary policy shifts to implementation of new mortgage rules, these two weeks have provided remarkable clarity about market direction heading into 2025. Interest Rate Evolution – The Bank of Canada’s fifth consecutive rate […]
The Canadian housing market is witnessing a pivotal moment that could reshape the financial landscape for millions of homeowners. As we close out 2024, a staggering 1.2 million Canadians are facing mortgage renewals in the next two years, according to the Canada Mortgage and Housing Corporation’s latest report. But before you start worrying about a […]
As mortgage rates tumble and preconstruction condos sit empty, Canada’s housing market is telling a tale of two cities: one where homebuyers are rushing back from the sidelines, and another where investors are fleeing in record numbers. In this shifting landscape of opportunity and uncertainty, understanding the forces at play has never been more crucial […]