We recently wrote about and shared a story about the CMHC wanting to help all young Canadians buy homes by proposing a shared equity plan. As intriguing as this idea is, many suggest it’s a strange idea and probably will not benefit anyone in the long run. The federal government proposed a budget that includes…
We talk so much about mortgage issues, real estate trends, and real estate news that we often forget about what goes on inside the home! Most homes are usually valued by how they look like from the outside, but isn’t it time to speak about a small aspect of the inside? We are now in…
New week, almost new month, and it’s already springtime! January may have gone by slowly, and now we’re already looking at the summer… What has this meant in the Canadian economy and the real estate market? The federal government announced the 2019 budget last week, and without going into too many details, have launched a…
Let’s talk about technology! It is disrupting the world we live in, and every industry known to us is attempting to be simplified (and disrupted) thanks to it; recruitment, dating, retail, and travel to name a few. But of course, the major topic of discussion this week is our profession, real estate and mortgages! …
A recent post on our social media pages and a couple of paragraphs in an older blog briefly discussed the different between a 15 year and 30 year amortization, and the different between the two of them. In real estate, amortization is an accounting term that refers to the repayment of a loan principal over time. Please…
Unfortunately, we are not covering real estate or mortgages this week due to a topic that feels quite pressing for the start of a new year. The last years of our lives have led us to working more (too much more!), being constantly connected thanks to evolving smartphones, but to what price? As human beings,…
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 are couple of weeks away from a new calendar year, there is one thing that has clearly changed in the business world. In the words of the famous CEO Gary Vaynerchuk, “Entrepreneurship has been put on such a pedestal, and people are going to suffer from it”. He doesn’t necessarily mean from a…
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…
