What Size of a Mortgage can you Afford in Canada?

In real estate, affordability is your capacity to buy a property (maybe a particular house that you have your eye on), typically expressed as the maximum amount you will be able to pay.

You may be a first-time homebuyer, a homeowner looking to move to another house, or an investor looking to buy real estate for rental income opportunities. You may be hoping to buy a condominium, a townhome, a duplex, or a house. Whatever category you fall into, you need to know what size of a mortgage you can afford.

In this article, we provide information, a tool, and a resource to help you find the maximum home purchase price you can afford in Canada.

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What Are 3 Key Considerations When Receiving An Inheritance In Canada?

It is estimated that Canada’s baby boomers and early Gen Xers will inherit $1 trillion over the coming 20 years in a monumental transfer of wealth. If you are one of these beneficiaries, here are 3 key considerations that will help prepare you and make it easier to tackle the difficult decisions that you will need to make about your inheritance.

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Are You The Beneficiary Of Sudden Wealth—What Should You Do?

You’ve unexpectedly received a large sum of money—what should you do? You may find yourself overwhelmed—perhaps even paralyzed—as you try to work out how to deal with the significant surplus you now have over your everyday needs. This article highlights 3 key steps in planning how to handle sudden wealth in ways that are fulfilling and meaningful to you.

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So You Sold Your Business—Now What?

For entrepreneurs, building out and scaling up an enterprise can be among life’s most fulfilling and rewarding experiences. At some point however the matter of exiting the business, whether through family succession or through an outright sale, will arise. While such an exit, particularly in the case of a sale, can be highly lucrative and open up a world of newfound freedom and opportunity, it may also present challenges around personal identity, direction, and financial continuity. This article explores these topics and highlights the very human and emotional aspects along with the financial considerations that this kind of transition may bring about.

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How to Prepare for a Smooth Family Business Succession

A majority of businesses in Canada are family businesses—privately owned companies where one or more family members of the owner (usually children) work in the business. In many cases, the question of succession planning and whether the children will eventually take over ownership of the business often arises.

Passing on a family business to the next generation is a major life event of which many owners dream. Realistically, this does not magically happen and requires carefully mapping out a family business succession plan. This article looks at the challenges of family business succession and highlights preparations to make for a smooth transition.

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