Category: Uncategorized
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Ontario backs down on electricity surcharge after Trump threatens 50% tariffs
Premier Doug Ford announced the suspension of an electricity surcharge aimed at U.S. states after President Trump threatened 50% tariffs on Canadian steel and aluminum. Following a productive conversation with U.S. officials, Ford plans to meet in Washington to address trade concerns. Despite the suspension, the surcharge remains an option if negotiations fail. The trade…
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Happy April Fool’s Day | Get Your Mortgage for a LilLez!
Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!
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House rich, cash poor? Here are two ways you can tap into your most valuable asset
A Statistics Canada report reveals that 43% of Canadians' assets are in their homes, prompting interest in unlocking home equity. The most common method is a home equity line of credit (HELOC), allowing homeowners to borrow against their equity. Recently, Home Equity Sharing Agreements (HESA) have emerged, enabling homeowners to access cash in exchange for…
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Fixed Rate Mortgage: Switch or Not? | Get Your Mortgage for a LilLez!
Switching from variable to fixed mortgages avoids penalties and locks in predictable monthly payments for financial stability.Variable rates fluctuate with the economy, while fixed rates remain constant throughout the mortgage term.
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BoC Rate Decision & New Mortgage Rules | Get Your Mortgage for a LilLez!
The Bank of Canada lowered interest rates to 3%, reducing borrowing costs for mortgages and loans. New mortgage rules allow 30-yr amortizations for new builds, lowering monthly payments for homebuyers.
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Ontario Chamber of Commerce Condemns U.S. Tariffs: Calls for Immediate Action to Protect Economies on Both Sides of the Border
The Ontario Chamber of Commerce has condemned the U.S. tariffs on Canadian goods, labeling them as reckless and detrimental to both economies. The President and CEO emphasized that these tariffs will lead to higher prices, job losses, and struggling businesses. The Chamber urges Canadian governments to support businesses and enhance resilience while promoting competitiveness and…
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Will Tariffs Raise Ontario Insurance Costs? | Get Your Mortgage for a LilLez!
U.S. tariffs on Canadian products will lead to higher home and vehicle insurance premiums in Ontario. Automotive and construction sectors, heavily reliant on steel, will experience immediate effects from tariffs.
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Single & Secure: Financial Planning Tips | Get Your Mortgage for a LilLez!
Sharing expenses with friends or family, like splitting groceries or carpooling, helps reduce costs. Establishing an emergency fund ensures financial security; aim to save 3-6 months of expenses.
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Happy Nowruz | Get Your Mortgage for a LilLez!
Nowruz is a 3,000-year-old festival, making it one of the oldest in the world. Haft-Sin is a Nowruz table, featuring 7 symbolic items, all beginning with "sin" and representing different aspects of life. Nowruz celebrated by over 300M worldwide, including Iran, Afghanistan, Tajikistan, Uzbekistan, Azerbaijan, and many more. Nowruz is a time for forgiveness and…
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What Is Mortgage Discharge? | Get Your Mortgage for a LilLez!
Mortgage discharge confirms repayment completion, removing the lender's legal claim to your property. The discharge process involves the borrower, lender, and land title office, with varying rules by location.