Mindblown: a blog about philosophy.

Global tariffs are expected to slow economic growth, with rising prices and stagnating employment likely to follow.Markets have already reacted negatively, wiping out trillions in wealth from pensions, retirement funds, and corporations.

Focus on financial readiness, not timing, to become a homeowner in 2025 despite market concerns. Pay off debt and improve your credit score to qualify for better mortgage rates and options.

Set clear goals to define your ideal home, location, and budget, guiding your savings plan. Create a realistic budget, tracking income and expenses to allocate funds for your down payment.

BMO has tightened mortgage rules for self-employed borrowers in steel and aluminum due to economic uncertainty. New limits include stricter debt ratios and a 750+ credit score requirement for at least one applicant. Experts say the change affects few borrowers but signals broader economic risk from ongoing trade tensions. Critics warn other banks may quietly…

No Inheritance Tax in Canada: But capital gains tax applies when selling inherited assets. Real Estate & Investments: If you sell, the increase in value since original purchase is taxed.

High-end sales remain steady, but buyers hesitate due to uncertainty and new tax policies. Foreign buyers’ ban limits demand, pushing wealthy investors toward U.S. cities like New York and Chicago.