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Your offer to purchase has been accepted! The financing is secured. All that remains is to visit the notary. However, given that notaries in Quebec are very busy, the appointment date is set much later than expected. This delay disrupts your plans, and you may be tempted to contact the seller to ...
Deciding between fixed and variable rates for your mortgage As you prepare to purchase a property, the first step is obtaining a mortgage pre-approval. You've been keeping up with the news and are aware that the long-awaited drop in high interest rates has finally occurred. But does this mean yo...
Don't Sell Your House Without Knowing Its True Market Value One of the first crucial steps is determining the market value of your property. Unlike the municipal value, the market value represents what the market is willing to pay for your house. It is influenced by the supply and demand of house...
In the dynamic and often stressful world of real estate, a broker's availability can make all the difference between a smooth buying or selling experience and an exhausting ordeal. Real estate brokers know that to serve their clients well, they must be available at all times. This great availabil...
Quebecers Respond to Interest Rate Cut Quebecers are responding to the recent interest rate cut announced by the Bank of Canada on Wednesday, June 5 at 10:30 AM ET. Since July 2023, the key interest rate had been maintained at 5%, affecting the real estate market, house prices, and transactions ...
Expected Turning Point for the Real Estate Market For the first time since July 12, 2023, the Bank of Canada has lowered its key interest rate, reducing it from 5% to 4.75%. This decision marks a long-awaited turning point for the real estate market. Although an interest rate of 4.75% remains hi...
When you receive a lease renewal notice, several questions may arise. Here is a guide that will help you understand the lease renewal process, possible amendments, and the implications of a rent increase. Definition of Lease Renewal In Quebec law, lease renewal, also called automatic renewal, o...
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