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…
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…
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…
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…
