From late 2016 until 2018, there have been rule changes by Canadian policymakers in the real estate industry. This led to many future homebuyers being suddenly afraid of owning their own property due to tightened mortgage lending rules, but reflecting on macro results now, it has appeared to be bringing the country’s real estate market…
Back into real estate this week! It seems like we are in for an interesting Q1 of the year with house prices. The weakening trend has done next to nothing to help affordability in the country’s most expensive markets. So what do experts propose as a financial strategy this year for future…
The last couple of months have seen more blogs than usual being published for your education and entertainment. Today marks the end of another big year in the real estate market across Canada, and a fresh page will begin again tomorrow in our lives. This fresh page could…
As we move along this flurry of blogs in the last few weeks, and discussing the important aspects of homebuying to veteran or first time buyers, we want to cover a more mathematical aspect that can help you make decisions by yourselves and potentially save you time in the mortgage acquisition process. …
It’s December! At the beginning of November, we discussed the benefits and disadvantages of the variable rate mortgage. A month later, it’s time to talk about the fixed rate mortgage (FRM). The interest rate for a fixed rate mortgage stays the same for the full term of the mortgage. Payments are set…
Last week, we discussed the mortgage pre-approval and why it is important for first time homebuyers to go through this process and the long term benefits. Fast forward a few years into home ownership, and some families may find themselves in a situation where they’d like to tweak things a little bit, for whatever financial…
As stated in last weeks’ blog, buying a home can be an extremely difficult process, and most new homebuyers make tons of mistakes and don’t get what they need in the end. This week, our article will cover one of the crucial steps in getting the money you need from the lender, in order to…
Buying a new home. It’s never an easy task and is often emotionally draining. Whether alone or with family, you are making a life-changing decision, at least for the foreseeable future; so you want to get it right! Many couples and/or families go through this process a few times in their lives and often repeat…
Last week’s article covered some latest news about the Bank of Canada’s decision to increase the interest rate for mortgages and how it may affect homebuyers. One of the short interviews that was included in the text briefly discussed the difference between fixed rate and variable rate mortgage, but now, you can read more extensively…
After an off-topic blog about mental and physical wellness last time around, we are back discussing a very important topic regarding the economy and banking’s effect on our real estate market. There are some more news coming out about the stress-test regulations this year. Sadly, it’s going to be even more difficult for younger people…
