Mindblown: a blog about philosophy.
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Declining interest rates not enough to revive Ontario’s rental apartment construction
The Canada Mortgage and Housing Corporation reports a 13% decline in total housing starts in the Toronto area in early 2024 compared to 2023, with rental apartment starts falling by 40%, particularly in Toronto where they dropped by half. High financing costs and declining rents are making rental developments unviable. Although apartment completions increased slightly,…
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Home Inspection Checklist Every Buyer Needs! | Get Your Mortgage for a LilLez!
Roof Inspection – Look for signs of damage or aging – Conduct up-close assessments, not just visual checks – Ensure no unforeseen expenses post-purchase – Verify roof and structural warranties Foundation and Structure – Look for cracks, settling, or moisture infiltration – Assess structural integrity – Identify deferred maintenance issues early
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Real Estate Investing: Essential Tips for Newbies | Get Your Mortgage for a LilLez!
Conduct detailed inspections to uncover hidden issues and avoid costly repairs later. Select locations with strong amenities and growth potential for successful Real Estate investments.
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Will Ottawa’s New Mortgage Rules Help You Buy in GTA? | Get Your Mortgage for a LilLez!
Ottawa's new mortgage rules aim to assist homebuyers in the Greater Toronto Area (GTA). Eliminating the 20% downpayment requirement for $1M to $1.5M homes increases accessibility.
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Tips for a Smooth Home Selling Experience | Get Your Mortgage for a LilLez!
Being well-prepared with a conveyancer and mortgage lined up can help avoid delays. Working with estate agents ensures your home is priced correctly and presented well for buyers.
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Fall Home Selling Tips: Make It Work for You! | Get Your Mortgage for a LilLez!
Focus on Fall Curb Appeal – Keep the lawn pristine and shrubs trimmed – Add fall-themed floral accents like potted mums Highlight Home Maintenance – Inspect and clean the HVAC system – Service the furnace – Clear gutters of leaves and debris – Ensure windows and doors are sealed
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GTA Mortgage Woes: Delinquency Rates Surge 42%! | Get Your Mortgage for a LilLez!
Canada’s largest mortgage lender faces rising delinquencies in the Greater Toronto Area mortgage portfolio. Serious delinquency rates surged to 0.27% in Q3 2024, a 42% increase from the previous quarter.
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Why Is Fall the Perfect Season for Homebuyers? | Get Your Mortgage for a LilLez!
Fall sees fewer homebuyers, reducing competition and easing the purchasing process. Home prices often drop in the fall, benefiting buyers with potential savings.
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Understanding the Real Estate Market
Real estate market tips for buyers and sellers include understanding economic conditions, interest rates, and demographic trends. For buyers: set a budget, research neighborhoods, engage a real estate agent, and conduct thorough inspections. For sellers: set the right price, enhance curb appeal, stage the home, and market effectively. Probate lawyers are essential for handling property…
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Strategies for a Smooth Real Estate Closing | Get Your Mortgage for a LilLez!
Develop clear communication with your Real Estate team for a smooth transaction process. Secure thorough mortgage pre-approval to strengthen your position and avoid finance-related delays.
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