Category: Uncategorized
-
Navigating the short-term rental market: Strategies for success
The Canadian short-term rental market offers opportunities for real estate professionals, but navigating competition and regulations is crucial. Understanding renter needs can boost income and occupancy. Compliance with local laws is essential due to changing regulations. Successful STR businesses focus on guest experience, market research, and effective property management strategies. Continue to full article
-
Happy Valentine’s Day | Get Your Mortgage for a LilLez!
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was…
-
Can New Mortgage Rules Help Buyers in 2025? | Get Your Mortgage for a LilLez!
Canada's housing market in 2025 shows signs of improvement, with lower borrowing costs and new mortgage rules.New rules include 30-year mortgages and higher price caps, making it easier for buyers to qualify.
-
Bank Ceos See Mortgage Risk Easing | Get Your Mortgage for a LilLez!
Canadian mortgage renewal risks are easing due to lower interest rates, with many borrowers expected to renew at reduced rates.Bank CEOs are worried about potential U.S. tariffs on Canadian imports, fearing economic damage and uncertain long-term impacts.
-
How to Renew Your Mortgage in Ontario | Get Your Mortgage for a LilLez!
Mortgage renewal in Ontario differs from refinancing, as it happens only at the end of a term.Lenders will send a renewal statement with key details like interest rate, principal, and any fees.
-
OPP relief funding helps lower tax rate increase in Georgian Bluffs
Georgian Bluffs has approved a 2025 budget with a municipal tax rate increase of 4.11%. For an average single-family home assessed at $300,000, this translates to an additional $83.78 in municipal taxes. Key budget investments include $1.5 million for road preservation, over $5.5 million for bridges and culverts, and $1.65 million for park improvements. The…
-
Renewing your mortgage in 2025? Here’s how you can save
Many Canadians will face mortgage renewals in 2025, with over 1.2 million mortgages coming up for renewal. Most will encounter higher rates than when they first took out their loans, with current rates between 4% and 4.5%. This could increase monthly payments by about $250 for a $400,000 mortgage. To save money, it's advised to…
-
Early Mortgage Termination: What Are the Penalties? | Get Your Mortgage for a LilLez!
Breaking a mortgage contract early often results in a penalty fee determined by your interest rate. Penalties for fixed-rate mortgages are typically higher, based on Interest Rate Differential (IRD), while variable rates are simpler.
-
How to Use Home Equity to Take out a Second Mortgage | Get Your Mortgage for a LilLez!
Using home equity for a second mortgage can fund home projects, education, or debt consolidation. Equity grows through mortgage payments, home improvements, and property value increases over time.
-
Global Mortgage Service Market Poised for Growth | Get Your Mortgage for a LilLez!
The global Residential Mortgage Service market is growing with advancements in technology and government investment. The market is driven by increasing demand for affordable loans and a variety of mortgage options.