Unlocking Affordable Homeownership: Canada’s 30-Year Amortization for First-Time Buyers Explained
New Horizons for First-Time Homebuyers: 30-Year Amortizations for Insured Mortgages on Newly Constructed Homes In an exciting development set to transform the Canadian housing market, the federal government has unveiled a monumental change aimed at first-time homebuyers. Beginning August 1, 2024, Canadian lenders will offer 30-year amortization periods for insured mortgages on newly constructed homes. … Read more
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Bank of Canada Slashes Interest Rates Amid Signs of Weak Economic Growth and Rising Unemployment
Unpacking the Bank of Canada’s Latest Rate Decision: What It Means for You If you’ve been paying even a whisper of attention to financial news lately, you’ve likely heard some buzz about the Bank of Canada’s recent rate announcement. Whether you’re a seasoned investor, a prospective homebuyer, or simply someone trying to understand what all … Read more
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Shaping the Future of Belleville: Exciting Developments and Strategic Urban Planning
Belleville is growing! Here are some exciting new development proposals and updates that will shape our community. Hanley Park North Subdivision Location: Part of Lot 14, Concession 1, Belleville Applicant: Macauley Shiomi Howson Ltd. Revised Proposal (March 2022) The Hanley Park North Subdivision is getting a fresh new look! The updated plan includes: 74 single-detached … Read more
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Controversial Capital Gains Change Now in Effect: What You Need to Know
In a move that’s already sparking heated discussions across Canada, a significant modification to the capital gains inclusion rate has gone into effect. Announced in Budget 2024, this change is touted as a measure to advance tax fairness and boost federal revenues. However, it’s encountering stiff opposition from various quarters, including small businesses, farmers, and … Read more
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Climbing the Property Ladder: Despite Affordability Challenges, a Quarter of Canadian Renters Plan to Buy a Home in the Next Two Years
The Canadian dream of homeownership may seem elusive, but it’s heartening to see that amidst the skyrocketing housing prices and tight competition, a considerable number of renters are steadfast in their pursuit to own their own home. According to a recent Royal LePage survey, nearly a quarter of Canadian renters are gearing up to make … Read more
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Bank of Canada Lowers Interest Rate for the First Time Since Pandemic’s Onset – Belleville Home Buyers Love It
In a move widely anticipated by financial markets, the Bank of Canada has reduced its overnight lending rate target from 5% to 4.75%. This marks the first rate cut since the COVID-19 pandemic began four years ago, bringing the rate back to its level from one year prior. During a scheduled announcement on Wednesday, June … Read more
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Understanding Belleville’s New Zoning By-Law 2024-100
The City of Belleville has recently enacted a new zoning by-law, By-law 2024-100, which came into effect on March 11, 2024. This comprehensive by-law is designed to regulate the use of land and the characteristics of buildings throughout Belleville, aligning with Section 34 of the Planning Act. The by-law is pivotal for developers, homeowners, and … Read more
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$949,900 – Squire Road, Stirling Real Estate
Property Description Let us help you build your dream home! Pictures here are examples of what is possible. 5.5 acres to build your dream home! Imagine experiencing elegance and tranquility in a spacious 3 bedroom home. With over 1500 sq. ft. of living space, this beautiful country home features a stunning timber frame entrance vaulted … Read more
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Home at Last: Government Measures to Transform First-Time Buying
Buying your first home can feel like chasing a rainbow-vibrant and seemingly close, yet somehow just out of reach. But, recent announcements from the Canadian federal government are about to sprinkle a little magic on that journey for Canadian first-timers. Starting August 1, 2024 new homeowners will be given a helping hand with the introduction … Read more
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Embrace Green Cleaning: A Friendly Guide to Eco-Friendly Home Care
More and more people are adopting greener lifestyles, making daily choices that not only benefit their personal well-being but also contribute to the health of our planet. As homeowners, we have the power to make conscious decisions about the products we bring into our homes. One area where we can make a significant impact is … Read more
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