If we are to look at the current housing rental market in Canada, a real estate reporter of The Globe and Mail, Tamsin McMahon published a report in December 2015 that a lot of Canadian condominium buildings are being purchased by foreign investors. According to McMahon, based on the figures released by Canada Mortgage and […]
Owning your first home may be easier than you think with the Home Buyers’ Plan
If you fall into one of the following scenarios, you may be able to take advantage of the Home Buyer’s Plan and benefit from significant tax breaks: You do not have enough cash for a down payment but have money in a Registered […]
Pre-Approved Mortgage
Shop for a home with confidence? Ask for a Pre-approved Mortgage! Important Benefits Know what amount to plan for in your budget Know what amount you need for your downpayment Be in a better negotiating position Be protected from interest rate increases if you choose a fixed rate Speeds up the final approval process […]
5 Great Tips For First-Time Home Buyers
If you’re thinking of buying your first home, these five tips will help you enter the market with confidence. 1. Test-drive life as a homeowner Taking on a mortgage for the first time can seem like a big commitment and you may be unsure of how it will feel. Will you need to make sacrifices […]
Be Mortgage-free Faster With These 3 Strategies
Every homeowner knows that the best mortgage is no mortgage at all. So what can you do to pay down your mortgage faster – and save possibly thousands of dollars of interest at the same time? Consider these three strategies. Pay more frequently Many people choose a “traditional” payment schedule, paying their mortgage […]
Fixed or Variable – Which one is right for me?
If you’re buying a home for the first time, you may not be entirely clear on the difference between fixed rate and variable rate mortgages. Both have benefits and the choice that’s right for you will depend on your situation and your personal preferences. Here’s what you need to know. The benefits of a fixed rate With […]
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