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AP-SAUDI-ARABIA-WRITER-KILLED-THE-LATEST The Latest: Iran claims US backed Saudi killing of Khashoggi RIYADH, Saudi Arabia (AP) — Iranian President Hassan Rouhani is claiming that Saudi Arabia would not have dared have journalist Jamal Khashoggi killed inside…

AP-SAUDI-ARABIA-WRITER-KILLED-THE-LATEST

The Latest: Iran claims US backed Saudi killing of Khashoggi

RIYADH, Saudi Arabia (AP) — Iranian President Hassan Rouhani is claiming that Saudi Arabia would not have dared have journalist Jamal Khashoggi killed inside the kingdom’s consulate in Istanbul without having some sort of backing from the United States.

The remarks follow Turkey’s assertion that the writer was killed by a 15-man Saudi hit squad that included a member of Prince Mohammed’s entourage on overseas trips.

Wednesday’s report by the state-run IRNA news agency quotes Rouhani as saying: “I don’t think that without getting support from the United States, a country would dare to commit such a crime.”

Rouhani offered no evidence for his allegations.

Rouhani also called the Saudi system of government a “tribal rule” under which individuals enjoy protection and support from those in power. That protection is such that no court would initiate any actions against those individuals.

AP-LT-CENTRAL-AMERICA-MIGRANT-CARAVAN-THE-LATEST

The Latest: Analyst says aid cut for CentAm could backfire

HUIXTLA, Mexico (AP) — An analyst with Moody’s Analytics says that if U.S. President Donald Trump follows through on cutting or reducing aid to Central America, it could backfire by worsening poverty and violence that are root causes of migration.

Alfredo Coutino writes in a report Tuesday that slashing funding for employment, health care, education and security “will have an important consequence on vulnerable people.”

Coutino says any increase in insecurity and reduction in well-being would provide “additional incentive” for people to leave, “potentially aggravating the migration of Central Americans” northward.

The analyst’s conclusion: “President Trump might get the opposite result of what he thought would be by punishing the Central American governments.”

Trump tweeted Monday: “We will now begin cutting off, or substantially reducing, the massive foreign aid routinely given to” Guatemala, Honduras and El Salvador.

It is Congress, not the president, that appropriates aid money. The White House would have to notify Congress if it wanted to cut or reallocate aid, which could delay or complicate the process.

BC-TROPICAL WEATHER-THE LATEST

The Latest: Willa weakens to tropical storm, rain continues

MAZATLAN, Mexico (AP) — The U.S. National Hurricane Center says Hurricane Willa has weakened to a tropical storm but torrential rains will continue in west-central Mexico.

The meteorologists said Wednesday that Willa is moving toward the northeast at speeds near 20 mph (32 kph), movement expected to continue during the next 12 hours.

The Hurricane Center added that the government of Mexico has discontinued all coastal tropical cyclone warnings for the country.

Willa came ashore about 50 miles (80 kilometers) southeast of Mazatlan, a resort city that is home to high-rise hotels and about 500,000 people, including many U.S. and Canadian expatriates.

10 p.m

Hurricane Willa began losing power overnight after roaring over a stretch of beach towns, fishing villages and farms on the Pacific coast of Mexico’s Sinaloa state as a Category 3 storm.

Damage assessments were scanty during the night because of darkness and poor communications, but federal officials said power had been knocked out in some spots and there were early reports of flimsy structures with tin roofs sustaining damage.

Before hitting the mainland near Isla del Bosque with 120 mph (195 kph) winds Tuesday night, Willa swept over an offshore penal colony about 60 miles (100 kilometers) out in the Pacific.

The U.S. National Hurricane Center said the storm’s forward movement had sped up to 17 mph (28 kph) late Tuesday and it was expected to rapidly weaken. It warned, however, that the storm could still cause heavy rains in portions of Jalisco, Nayarit and Sinaloa states, with flash flooding and landslides possible in mountainous areas.

Willa came ashore about 50 miles (80 kilometers) southeast of Mazatlan, a resort city that is home to high-rise hotels and about 500,000 people, including many U.S. and Canadian expatriates.

JAPAN-SYRIA-MISSING JOURNALIST-THE LATEST

The Latest: Japanese freed from Syria confirms he is well

TOKYO (AP) — A Japanese freelance journalist who was kidnapped three years ago in Syria says he is well and safe in Turkey.

Jumpei Yasuda spoke in brief videotaped comments in English carried online Wednesday by Japanese public broadcaster NHK.

He said he was safe in Turkey after being held for 40 months.

Yasuda has been at an immigration center in southern Turkey near the border with Syria since he was freed Tuesday.

He was kidnapped in 2015 by al-Qaida’s branch in Syria.

WORLD SERIES-THE LATEST

The Latest: Red Sox come out swinging, beat Dodgers 8-4

BOSTON (AP) — Andrew Benintendi, J.D. Martinez and the Boston Red Sox came out swinging in the World Series opener, seizing every advantage in their quirky ballpark to beat the Los Angeles Dodgers 8-4 on a chilly Tuesday night.

Benintendi delivered four hits, Martinez drove in two early runs and pinch-hitter Eduardo Nunez golfed a three-run homer to seal it. The 108-win Red Sox got a solid effort from their bullpen after an expected duel between aces Chris Sale and Clayton Kershaw never developed.

Xander Bogaerts hit into a go-ahead forceout in the fifth and Rafael Devers followed with an RBI single for a 5-3 lead.

After Manny Machado hit a sacrifice fly in the seventh for his third RBI, Nunez homered over the Green Monster off Alex Wood in the bottom half.

Boston’s David Price faces Hyun-Jin Ryun in Game 2 on Wednesday. This marks just the third World Series in which both starting pitchers in the first two games are lefties.

UNIVERSITY OF UTAH SHOOTING

Utah university slay suspect was sex offender, records show

SALT LAKE CITY (AP) — Authorities say the man accused of killing a University of Utah student he had dated was a sex offender and his victim reported him to police.

Investigators had been working to build a case against Melvin Rowland after receiving the report from 21-year-old senior Lauren McCluskey, of Pullman, Washington.

Police say Rowland killed McCluskey Monday night. He later killed himself when police tracked him down.

McCluskey’s mother said her daughter had dated Rowland for about a month but ended the relationship when she learned he had lied about his age, name and criminal history.

According to court records, Rowland spent nearly a decade in prison after pleading guilty to trying to lure an underage girl online and attempted sex abuse charges, according to court records.

ELECTION 2018-GEORGIA GOVERNOR-FIRST DEBATE

Voting access dominates Georgia debate between Abrams, Kemp

ATLANTA (AP) — The first debate between Democrat Stacey Abrams and Republican Brian Kemp in the race for Georgia governor was dominated by charges of voter suppression and counterclaims of encouraging illegal voting.

Disputes over voting access took center stage at the debate, highlighting Abrams’ historic bid to become the first black female governor in American history and the long-simmering politics of race in the Deep South. Kemp, who is white, continued to fend off charges that he’s using his position as Georgia secretary of state to make it harder for minority voters to cast ballots.

The race is being watched as a barometer for Democrats’ success in the midterm elections, as they try to make gains in Congress and in important state positions to counter President Donald Trump’s agenda.

Copyright © 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

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11-Step Guide to Buying A House

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Purchasing a home is likely going to be one of the largest purchases you will make in your lifetime, which is why it is so important to follow the right steps when starting on your home-buying journey to ensure that the entire process goes smoothly from start to finish!

We’ve put together a step-by-step guide to buying a home, to help you get off on the right foot when it comes to buying a home. Click the download button below to download these steps in PDF form.

1. Decide to buy a home

Make sure you are ready both financially and emotionally!

2. Get Pre-Approved

Work with a mortgage broker or your bank. They will work with you on what you require to submit an application. Once approved, this will determine how much you can afford to spend on a home.

3. REALTOR® Consultation

Work with a RE/MAX agent to help guide you through the process. The right agent will discuss your price range, ideal locations, current market conditions and much more!

4. Start Your Search

Your REALTOR® will get you information on new homes that meet your criteria as soon as they’re listed. They’ll work with you and for you to ensure you find your dream home.

5. Current Market Conditions

Your experienced RE/MAX agent is a valuable resource as you consider different properties. They will be there when you have questions regarding the homes you’re interested in – they can tell you what is a good deal, and when to walk away.

6. Make an Offer

Your REALTOR® will help create your offer tailored to your needs including the right subject clauses down to the closing date that works best for you.

7. Negotiate

You may receive a counter offer but don’t be worried! RE/MAX agents will negotiate for you to ensure you get the best possible price for the house you love!

8. Accepted Offer

It’s crunch time! The next few weeks are busy as you need to schedule and remove every one of your subject clauses by the specified date. You’ll likely need to schedule an inspection, appraisal, financing approval, and several others. You will also need to provide a deposit to put down on the home. The deposit will be a pre-determined amount given in-trust to your REALTOR® to show the sellers you are committed to this home. Don’t worry, that money goes towards the purchase of said home if all goes well! This is a busy time but be sure to reach out to your RE/MAX agent if you have any questions or are unsure about next steps.

9. Subject Removal

Once you have completed all your subject clauses, and everything went smooth, it is time for you to sign on the dotted line and consider your new home to be yours (almost!).

10. Official Documents

You will need to provide your RE/MAX agent with your preferred lawyer or notary to have the official title transferred into your name. You will meet with the lawyer or notary in person to sign all the legal documents before you move in. This typically happens a few days before you take possession of your new home.

11. Move In!

Congratulations, you are officially a homeowner! The date pre-determined by you is your move-in day! You can now move into your new home. Your RE/MAX agent will be there ready and waiting to hand you the keys. Enjoy!

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Know When to Rent ‘Em, Know When to Buy ‘Em

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We’re told it’s always better to buy than rent. Everyone—from our parents to the banks to the government—encourages us to buy, buy, buy our homes.

But times have changed, and I dare say that these authority figures might be slightly out of touch. The jaw-droppingly high cost of real estate in big cities is encouraging millennials to rent instead of own, causing homeownership rates to drop. At 30 years old, 50.2% of millennials own homes versus 55% of baby boomers at the same age. As a millennial homeowner, I can’t help but wonder if I’m generationally displaced.

There’s an old misconception out there about renting that needs to be addressed. You’re not “throwing away your money” if you’re renting. While that familiar axiom might be true sometimes, there are plenty of circumstances in which it does actually make more sense to rent than buy.

You Might Choose to Rent If…

…You Invest What You Save

Renting tends to come with lower carrying costs than owning. Typically, all you’ll have to worry about paying as a renter is, well, the rent (clearly) and perhaps a share of utilities. This leaves you with extra monthly cash to invest, which can ultimately put you on even financial footing or better with a homeowner.

As always, there’s a familiar caveat here: You need to be financially disciplined for this strategy to pay off. One mistake I see a lot is that those who rent tend to fall prey to something called ‘lifestyle inflation.’ Rather than investing what they save as renters, they just rent nicer apartments, eat at fancier restaurants, and put more money into their wardrobe than their RRSP. But this money vacuum can be easily avoided by:

1. Budgeting to find out how much you have left over to invest each month after factoring out all your expenses, then;

2. Funneling that leftover money directly into your investments. Some robo-advisors, like Wealthsimple, allow you to do this automatically via pre-authorized contributions, which set recurring transfers from your chequing account into your investment portfolio, at whatever amount and interval you choose.

…You Have Rent Control, aka the Urban Holy Grail

Depending on where you live, you might be lucky enough to benefit from the urban miracle known as rent control. That means your landlord can only increase your rent by the rate of inflation, which in turn keeps your cost of living way down and leaves you with more money to invest. In Canada, rent control is now implemented in most big cities like Toronto and Vancouver (although not in Montreal).

…You Have a Mobile Lifestyle

Renting makes it easier to move; if you’d like to relocate it’s usually as simple as giving your landlord 60 days written notice. But when you own a home you’re more tied down, and the obligation to be near your property may prevent you from chasing new adventures in faraway lands. I once turned down a fantastic job opportunity in Dallas, Texas for this very reason.

…You’re on a Tight Budget

Renting tends to be more affordable than buying in big cities like Toronto and Vancouver. I know, I know, renting is still unreasonably pricey in certain neighborhoods. But buying in those same areas can be arm-and-a-leg expensive.

When you rent, all you have to come up with is the first and last month’s rent; no need to scrimp and save to pull together a massive down payment on a house, which, incidentally, will take you two to four times longer to save than it did your parents.

And homeownership leads to a lot of other costs aside from mortgage payments. When you buy real estate, you’ll need to pay closing costs, which typically add up to between 1.5%–4% of the property’s purchase price and can include a home inspection fee, real estate lawyer fee, land transfer taxes, and homeowners insurance (sometimes you’ll have to fork over an entire year’s worth of home insurance as one lump sum).

There’s also the elephant in the room that nobody likes to speak about: repairs and maintenance. Homeowners are responsible for paying the big bucks for costly home repairs, such as a new roof and furnace, and are advised to set aside 3–5% of a home’s value toward home repairs and maintenance each year. Renters, on the other hand, can just call their landlord whenever they need repairs (provided the landlord actually picks up). Still, it’s important that tenants know their rights when renting to be aware of which fees do and don’t fall under their responsibility.

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A Montreal Real Estate Broker Answered 5 Qs About Buying A Property To Rent Out

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You’ve probably heard that Montreal’s real estate market is on fire. But how can you get in on the action? According to Alex Marshall, a local real estate broker, buying a property as an investment for the purpose of renting it out is a great way to go about it.

Marshall, who’s part of the Keller Williams Prestige team, sat down with us to explain why and how to purchase an investment property. These types of properties are also known as revenue properties.

Why do you recommend buying a revenue property?

Marshall used personal experience to highlight the advantages of owning a revenue property. He’s currently renting out the Saint-Henri loft he bought in 2010.

“Not only is my tenant paying off my mortgage, but I’m making a couple 100 bucks a month as well,” Marshall said.

Marshall was also able to take out a line of credit on the property, he said, and use the equity to buy an additional property.

“You actually don’t need to live in the property that you buy. I’m seeing clients who are in apartments with low rent [who] don’t want to move but have got the money right now … and are looking for smart ways to invest,” he said.

What are some tips to help people save up for a revenue property?

When Marshall was saving up to buy his first property, he said he worked a second job. 

“There’s a lot of value to having that side hustle … even if it’s at Subway or it’s at a landscaping company on Saturdays. It will add up significantly in the long run,” he said.

He gave the example of adding $5,000 to your annual income.

Marshall said you can qualify to borrow roughly four times your annual salary for a mortgage so $5,000 could actually provide you with an extra $20,000 of buying power.

“That might get you a second bedroom, that might get you a parking spot, that might get you a larger space,” he said.

The pandemic, Marshall said, has also helped some of his clients save extra funds.

“You can’t travel, you can’t go to the restaurant, you can’t go to the theatre, you can’t go to the bar. So a lot of people right now are finding themselves with almost a disposable income,” he said.

Marshall also recommends looking into Canada’s Home Buyers’ Plan program, which allows you to withdraw up to $35,000 — — tax-free — from your registered retirement savings plan (RRSP) to put toward buying or building a qualifying home. 

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