September 14th, 2022
Buying a house is a dream come true for many people. Still, getting a massive debt representing a significant amount prevents you from saving money. It can also affect your … [read more]
September 13th, 2022
What is a Home Equity Loan? Home Equity Line of Credit (HALOC) loans can help borrowers get loans by using the equity in their home. Loans secured against the value … [read more]
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September 6th, 2022
Co-signing a mortgage is a very useful option for homebuyers looking to help make their home purchase succeed even with a less than ideal financial profile. However, co-signing is also … [read more]
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September 1st, 2022
First-time home buyers are often navigating a very different market than what their parents and grandparents described. Interest rates are high, competition is steep and stress tests are common. All … [read more]
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August 31st, 2022
The average home buyer in the US needs about $250,000. If you’re like the majority of potential homebuyers, you don’t have this kind of money. Even if you do, you’re … [read more]
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August 30th, 2022
Choosing the right mortgage for you can be a stressful process. Besides just being a long-term contract that will affect you for multiple years, mistakes can be costly too. One … [read more]
Comments Off on Open vs. Closed Mortgages : Which to Choose?
August 24th, 2022
The Bank of Canada interest rate increases have been top of mind for Canadians across the country. The real estate market started with a boom in 2022; home prices were … [read more]
Comments Off on Decide Between A Variable or Fixed-Rate Mortgage While Interest Rates are Rising
August 23rd, 2022
Nearly 87% of people who buy homes finance their home purchases. While many choose 30-year loans, some choose a 15-year mortgage. Financing a home is the easiest way to buy … [read more]
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August 22nd, 2022
The dream of retirement is a near-universal goal for Canadians. After a lifetime of working to pay the bills and set some funds aside for the later years, we all … [read more]
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August 4th, 2022
We all know by now that things are changing in the real estate market. I love this quote by writer H. Jackson Brown : “When you can’t change the direction … [read more]
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July 25th, 2022
Home renovations have always been a popular option for homeowners to improve or refresh their homes, but renovations have gotten even more popular in recent years. This is partly due … [read more]
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July 19th, 2022
Today marks the fourth interest rate increase from the Bank of Canada. The 100 basis-point increase is the highest yet this year and the largest rate increase since 1998. In … [read more]
Comments Off on The Impact on BoC’s Biggest Hike Since 1998 on Prospective Buyers & Variable Mortgage Rates
July 18th, 2022
This week, Bank of Canada announced its target interest rate to 2.5 percent – the largest increase since 1988 . Just this past May, the Bank of Canada raised its … [read more]
Comments Off on How Do Higher Interest Rates Affect Your Mortgage?
July 18th, 2022
Coming off two back-to-back hikes of 50 basis points earlier this year, the Bank of Canada has unexpectedly followed up with its highest rate-hike since 1998. The country’s central bank … [read more]
Comments Off on Bank of Canada Rate-Hikes Had A Notable Impact on BC’s Housing Market
July 7th, 2022
The residential real estate market swung another notch down from its pandemic boom highs with prices softening and properties sitting unsold for longer, new figures show. Prospective buyers are now … [read more]
Comments Off on Prospective Homebuyers to Weigh The Positive Impact of Falling Prices Against The Negative Impact of Rate Hikes
July 6th, 2022
We all know by now that the rate environment is shifting, and interest rates will continue to rise as the Bank of Canada (BOC) aims to control the higher-than-expected inflation. … [read more]
Comments Off on The Impact of Rising Interest Rates on Your Current Property Portfolio & Mortgage Payments
June 28th, 2022
Anyone who owns a house or has been thinking about buying has heard a lot lately about rising interest rates. It’s a very hot topic of discussion, with economists and … [read more]
Comments Off on Why Does The Bank of Canada Raise Interest Rates? How Far will The Rate Hikes Go?
June 27th, 2022
The market is entering more balanced territory, meaning that buyers have negotiating power for the first time in almost two years. However, as mortgage rates continue to rise, many buyers … [read more]
Comments Off on Rising Interest Rates & The Impact to Monthly Mortgage Payments
June 24th, 2022
You can get insurance for almost anything you own and often it is considered a very good idea to do so. Home insurance protects thousands every year from the financial … [read more]
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June 13th, 2022
At the start of the year, amidst rising real estate prices and ballooning inflation, a hike of the Bank of Canada’s key interest rate seemed like an inevitability. Now, nearly … [read more]
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June 8th, 2022
When you are looking to get a mortgage, you may be overwhelmed with all of the different terminologies that can come into play when choosing what is best for you. … [read more]
Comments Off on Open vs. Closed Mortgage : Rates Comparison & Prepayment Penalties
May 30th, 2022
Every year, Canada welcomes thousands of new immigrants to live, work, and achieve the dream of a new life in our country. One of the biggest lifestyle dreams for both … [read more]
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