Dear Friends,
There were a ton of important changes last month in real estate news.
The Bank of Canada once again lowered its key interest rate - this time by 50 basis points to 3.75%. There were also some interesting changes to mortgage rules that will allow homeowners to refinance up to 90% of their property value to build a secondary suite.
Alberta also increased their land transfer tax and mortgage registration fees.
In this month’s newsletter, I’ll share tips and resources on how you and your family can prepare for an unforeseen emergency in the city. You’ll also learn how to prepare a 72-hour kit with important items in case disaster strikes.
Additionally, I’ve included a quick guide to the various types of door locks available. From traditional deadbolts to smart locks, understanding the options can help you secure your home more effectively and give you peace of mind.
As always, if you have any questions, feel free to reach out to me!