If you are a new immigrant to Canada, welcome! It can be daunting to get settled in a new country, and if you have purchasing a new home high on your list of priorities, this blog article should help get you acquainted with what is involved in securing a Canadian mortgage. You may be happy…
You made a few financial mistakes when life’s speed bumps got in the way, but now you’re on the right track and are ready to take the plunge into home ownership. The only issue is that you are not sure if your less than admirable credit history is going to keep a lender from giving…
Keep in mind that the minimum down payment for new insured mortgages will increase for homes above $500,000 on February 15th. Check out the new down payment requirements by home price below or contact me for more information! On December 11th, 2015, Finance Minister Bill Morneau announced upcoming changes to the rules for government-backed…
Homes often times seem as trend-conscious as the latest runway show. With fancy roof lines or sleek and modern exteriors; floral-print decor comes and goes; the bigger the better then the tiny house fad. One thing’s for sure: conformity is not part of homes in 2016. Here’s some of what you can expect to see…
It’s finally year. 2016. You’ve popped the champagne, counted down, watched the New Year arrival, and now it’s time to get down to the details of planning out the next twelve months. Perhaps it is time to join a gym, plan your travels down south, and of course set your personal and professional goals for…
You may or may not have heard this phrase before: “Pay yourself first.” Many people often times say they will save whatever money is left over at the end of each month. Basically they are agreeing to pay themselves what’s left. As you might figure out, the flaw with the idea of setting aside whatever…
Just last Friday, the federal government announced significant changes to mortgage rules. The new regulations will increase the minimum down payment to buy a home that costs more than $500,000. The new plan will increase the minimum down payment from 5 per cent to 10 per cent for the portion of the home over $500,000….
A mortgage pre-approval is extremely beneficial in showing you, the home buyer, what value of home you can afford as well as the mortgage payments associated with various purchase prices. It also guarantees a mortgage rate for a set period of time, thus, protecting you against possible rate increases. You are not obligated to the bank…
It’s been a tough journey but you are now ready to join the ranks of the home owning class. You’ve cleared your debts, saved enough money for a reasonable down payment, gone through open houses and found the perfect home. Your offer has been accepted and you have two months to seal the deal! This…
The holidays can be a joyful time of year. They are a time for relaxation, celebration and coming together with the people you love most. Unfortunately, all the traveling, entertaining, gifting and feasting comes with a large price tag. On average, each Canadian planned to spend $1,517 during the holiday season last year, according to…
