January 15th, 2018
Probably the biggest difference between a real estate investor and a homeowner is how they approach financing a property purchase. Investors look for creative financing solutions that meet their investing … [read more]
January 8th, 2018
The decision to buy your first home is a major milestone, and homeownership is a point of pride for many Canadians. The latest RBC home ownership poll reveals a majority … [read more]
Comments Off on Saving for A Down Payment Takes Patience & Discipline
January 5th, 2018
If you’re someone who keeps a lot of cash in long-term savings, the thought of an interest rate hike is thrilling. However, most other consumers greet the news with dread … [read more]
Comments Off on Rising Interest Rates Could Have A Negative Impact on Home-Buying
January 3rd, 2018
The process of buying a home is a very involved one, and can be daunting, especially for first-time buyers. It’s often a whirlwind of paperwork, credit reports, and scrambling to … [read more]
Comments Off on How to Secure the Best Interest Rate on the Mortgage
December 20th, 2017
Time is running out before new Canadian mortgage rules kick in, which could potentially make it harder for first-time buyers to get a mortgage. On January 1, the Office of … [read more]
Comments Off on What to Expect When Canada’s New Mortgage Rules Roll Out in 2018
December 19th, 2017
Buying a home, and especially obtaining your first mortgage, is a major responsibility, not to mention a significant marker of life transition. Say you’re a newly minted university grad and … [read more]
Comments Off on Pros & Cons of Co-Signing Arrangements on A Mortgage
December 14th, 2017
For most people, purchasing a home is one of the biggest investments they’ll make in their lives. For this reason, it is imperative to carefully consider and review each step … [read more]
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December 12th, 2017
A good strategy to save the down payment and closing costs to purchase a home requires several steps. While saving money towards the down payment is always good, it’s not … [read more]
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November 30th, 2017
When our parents were young and buying their first homes, the career expectations were simple: go to school, get a good job, work hard, and you’ll be rewarded for your … [read more]
Comments Off on How to Get A Mortgage Without A Full-Time Job
November 28th, 2017
Being a first-time home buyer can be overwhelming: Not only must you find an option that suites your family, neighbourhood and amenity needs (not to mention your budget), chances are … [read more]
Comments Off on What Mortgage Type is Best for You?
November 27th, 2017
So you finally found a home of your dreams but the big ‘F’ is the problem. You have no idea where you will get the money. Your credit history is … [read more]
Comments Off on Having A Stellar Credit Report is Very Important to Owning A Home
November 24th, 2017
High real estate prices and new mortgage rules designed to clamp down on risky lending have made it harder than ever for first-time buyers to own a home. So it’s … [read more]
Comments Off on Down Payment Gifts on the Rise
October 25th, 2017
The Bank of Canada has hiked its trend setting interest rate twice this past year and – a mere month ago – was strongly expected to do so in October, … [read more]
Comments Off on Bank of Canada Holds October Rate Following New Mortgage Rules
October 24th, 2017
The mortgage process can be complicated if you jump in without any prior knowledge on home-buying and lending. The best tool you can arm yourself with is an understanding of … [read more]
Comments Off on Understanding of How the Mortgage Interest Rate is Calculated
October 23rd, 2017
Thinking of applying for a mortgage? You now have until January 1st before new rules, designed to make it tougher for borrowers to qualify, take effect. The final version of … [read more]
Comments Off on Tougher OSFI Mortgage Rules to Come in January
October 19th, 2017
Truth be told. Owning a home is a beautiful thing. In fact, it’s the one biggest expenses you’re likely to experience in your lifetime. But before you get there, certain … [read more]
Comments Off on How to Get A Mortgage Loan Approval
October 12th, 2017
If you’re like most people, you probably hate the work involved in organizing a home loan, then once you have one don’t want to think about it again for a … [read more]
Comments Off on Steps to Take Before Refinancing Your Home
October 11th, 2017
The real estate sector is characterized by complex transactions and huge investments. This is why it is important for every stakeholder to understand the various terminologies and risks associated with … [read more]
Comments Off on Property Priorities for Strong Borrowers
September 28th, 2017
Ever since the end of the housing boom in the mid-2000s, homeowners have benefited from some of the lowest mortgage rates in decades. Efforts from the Federal Reserve to stimulate … [read more]
Comments Off on Smart Mortgage Moves in This Interest Rate Climate
September 26th, 2017
After already dialing up the overnight rate twice this year, some experts believe it’s likely that the Bank of Canada will hike its influential rate further this fall. TD Senior … [read more]
Comments Off on Another Bank of Canada Rate Hike Coming This Fall
September 8th, 2017
Canada Mortgage and Housing Corp., the crown corporation that is the largest mortgage default insurer in the country, is paying Ottawa a $240 million dividend. Despite the payment, CMHC said … [read more]
Comments Off on New Mortgage Rules are Shrinking the Size of the Insured Housing Market
September 8th, 2017
Already coping with limited housing supply and poor affordability, Vancouver may also be one of Canada’s most sensitive markets to higher interest rates. On Wednesday, the Bank of Canada increased … [read more]
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