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What is a Mortgage Renewal? Mortgage renewal involves renegotiating terms at the end of each mortgage term until fully paid. Key Considerations: Renewals allow adjustments in payment frequency, interest rates, and potentially changing lenders in Canada.

Assess building type and market trends before investing in commercial Real Estate. E-commerce growth increases demand for industrial warehouses and multi-family apartments.

Experts compare the rate cut to bringing a "butter knife to a gunfight," suggesting it offers minimal homebuying power improvement.Canadian homebuyers need more than the recent 0.25% rate cut from the BoC.

Community amenities enhance your living experience, making a neighborhood truly exceptional and welcoming. A clubhouse serves as the social hub, perfect for events and fostering neighborly connections.

A portable mortgage lets you transfer your home loan to a new property with the same lender and terms. To port a mortgage, you need a portability clause in your agreement, and you must qualify for the new loan.

Predictions point to further interest rate cuts in 2025 to bolster economic recovery efforts.

Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.

Over 2M mortgages in Canada will be up for renewal in 2025 and 2026. The Bank of Canada's key interest rate has gone from 1.74% in May 2019 to 4.75% today.

Evaluate Options: Decide between selling the house or assuming the existing mortgage yourself post-inheritance.Financial Assessment: Calculate equity and costs like repairs, closing fees, and potential tax implications.