Reverse mortgages have become increasingly popular in recent years, with a reported 30% surge in demand in 2022. Originations exceeded $1 billion for the second consecutive year, contributing to a nationwide outstanding reverse mortgage debt estimated at around $5 billion. In light of high inflation, interest rates, and insufficient Canada Pension Plan (CPP) payments, more Canadians are turning to reverse mortgages as a potential solution to supplement their retirement income. By viewing their homes as a reliable source of funding, they can avoid the need to sell their property.

What Is a Reverse Mortgage?

A reverse mortgage is a type of loan that enables homeowners to access funds from their home equity without the need to sell their property.…

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In today's world, sustainability has become an essential focus for homeowners who want to minimize their ecological footprint while saving money. Transitioning to a more sustainable lifestyle doesn't have to be expensive or overwhelming. In fact, there are plenty of practical and affordable steps you can take to make a positive impact on the environment. This blog post will guide you through some actionable tips and ideas for incorporating sustainable practices into your daily life as a homeowner.

Energy-Efficient Lighting

Switching to energy-efficient lighting is a simple and cost-effective way to reduce your energy consumption. Replace traditional incandescent bulbs with compact fluorescent lamps (CFLs) or light-emitting diodes (LEDs). These…

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Welcome to our beginner's guide on investing in real estate. Real estate has long been considered a lucrative investment option, providing both financial stability and potential for substantial returns. Whether you're looking to diversify your portfolio, generate passive income, or build long-term wealth, real estate investment can be a rewarding endeavor. In this guide, we'll walk you through the fundamentals of investing in real estate and provide valuable insights to help you get started on the right foot.

Why Real Estate Investment?

Investing in real estate offers several advantages that make it an attractive option for beginners. Unlike other investment avenues, such as stocks or bonds, real estate provides tangible assets that you have…

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Are you a first-time homebuyer feeling overwhelmed by the process? Don't worry! We've got you covered. In this guide, we'll address the most common questions that first-time homebuyers like you often ask. From budget concerns to home inspections and neighborhood considerations, we'll provide expert answers to help you make informed decisions and navigate the exciting journey of purchasing your first home.

Questions About Budget

  1. How much should I budget for closing costs? Closing costs typically range from 2% to 5% of the purchase price. It's advisable to budget around 3% to 4% to account for expenses like appraisal fees, legal fees, and title insurance.
  2. What other costs should I consider besides the purchase price? In addition to the…

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In recent years, the concept of multi-generational living has gained significant momentum, becoming a popular housing choice for families across the country. This unique lifestyle offers numerous advantages that cater to the needs and desires of families of all ages. In this article, we will explore why multi-generational homes are becoming increasingly popular and discuss the benefits they bring. We will also delve into important considerations, such as accommodating seniors or individuals with disabilities, ensuring that this lifestyle is inclusive and supportive for all family members involved.

Strengthened Family Bonds

Living under one roof fosters stronger connections among family members. Multi-generational homes provide opportunities for…

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In a world of evolving markets and shifting trends, real estate has stood the test of time as a reliable long-term investment. However, with headlines buzzing about home prices and mortgage rates, you may find yourself questioning whether now is the right time to invest in homeownership. In this blog post, we'll share valuable tips and insights to help you confidently navigate the real estate landscape. Discover why real estate is a solid long-term investment and gain the knowledge to make informed decisions that will shape your financial future.

  1. Embracing Resilience: Real Estate's Track Record

    Real estate has withstood the test of time as a resilient investment. Unlike volatile markets, it provides stability and consistent returns. By…

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At RE/MAX Infinity, we understand that finding the perfect neighborhood and home goes beyond the number of bedrooms and square footage. It's about creating a future that aligns with your dreams, aspirations, and lifestyle. In this article, we'll take you on a journey through various neighborhoods, highlighting their unique features and illustrating how they can shape your everyday life. Get ready to explore and envision the possibilities that await you!

Tranquil Retreats: Suburban Oasis

Imagine living in a serene neighborhood with tree-lined streets, spacious yards, and a strong sense of community. Suburban living offers tranquility and a slower pace, making it ideal for families and those seeking peace and privacy. Discover the joys of local…

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As a young family, finding a balance between keeping your home clean and managing the energy of your little ones can be quite a challenge. But what if we told you that cleaning with kids could be both productive and enjoyable? In this blog post, we'll share some expert tips, tricks, and games to help you create good cleaning habits with your kids. Say goodbye to cleaning battles and hello to a clean and happy home!

Start with a Cleaning Routine

Setting up a cleaning routine helps establish a sense of structure and responsibility for kids. Begin with simple tasks and gradually increase their involvement as they grow older. Consistency is key, so make it a daily or weekly habit that everyone in the family participates in. This routine will instill…

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Investing in land in Newfoundland offers a world of possibilities for developers and homebuilders alike. The province's stunning natural beauty, strong economic growth, and abundant resources make it an attractive choice for those seeking to capitalize on real estate opportunities. In this comprehensive guide, we will delve into the key considerations and valuable tips for anyone looking to purchase land in Newfoundland.

Photo by Erik Mclean on Unsplash

Research the Market:

Before diving into any investment, conducting thorough market research is essential. Look into property trends, pricing patterns, and upcoming developments in the region. Pay attention to key locations, growth potential, and proximity to…

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Welcome to a world of grandeur and luxury! In this blog post, we invite you to indulge your senses and explore a selection of the most remarkable luxury listings currently gracing the real estate market. From sprawling mansions to breathtaking views, these properties redefine opulence and offer a glimpse into a life of sophistication and prestige.

45 Atkins Road (Burnt Island), Conception Bay South (PHOTOS)

One of the most incredible and incomparable real estate opportunities in the Province. 5.6-acre private waterfront estate situated along Conception Bay Beach and Long Pond, Manuels and known since 1886 as "Burnt Island". Historically, issued from the Crown to John Smith, the island has been the property of Ayre and Sons Limited and the…

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