Blog

Second Mortgage? Is it right for me?

Though not abundantly popular, from time to time a second mortgage seems like a good idea. The short answer is that usually a full mortgage assessment is needed to decide if it’s right for you. Often times, though; a rework of your first mortgage solves the problem without a need for a second mortgage at […]

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A home of their own: new immigrants face hurdles

Over 280,000 new immigrants arrived in Canada in 2010, the highest amount in 50 years according to the Department of Citizenship and Immigration. Immigrants are expected to play a large role in the housing market in the coming decades. Between now and 2031, the foreign-born population of Canada could increase approximately four times faster than […]

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Why we’re the Renovation Generation

  You only need to turn on the television – or look at a magazine rack – to see that Canadian homeowners are the renovation generation. We fill the aisles of home improvement stores, or go over our ideas in great detail with our reno contractors. So how did we become the Renovation Generation? #1  […]

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New mortgage rules have Canadians scrambling to get in under the wire

The surprise announcement that mortgage rules will change again on July 9 has many homebuyers scrambling to get in under the wire with the old rules. These latest new rules – amortization limit of 25 years and refinance limits of 80 per cent – are designed to lower debt levels, enforce some belt-tightening, and promote […]

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Reno & Roll

Do you want to increase the comfort and enjoyment of your home because you’re planning to be there for the foreseeable future?  If your dream home is one renovation away, we’ve got a smart-money tip:  Reno & Roll. If you’ve owned your home for a few years, chances are you’ve been building up some nice […]

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First-time homebuyers & RRSPs

Thinking about buying your first home? Wish you had saved up a good down payment? Maybe you have, but didn’t know it. Designed to help first-time buyers get into home ownership, the federal Home Buyers’ Program lets you access tax-free monies for use towards the purchase or even construction of your first home. Why tap […]

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Improving prepayment penalty disclosure

For many Canadians, it can be to their advantage to pay a prepayment penalty and get out of their mortgage, particularly if they need to refinance to consolidate debt or want to lock in a lower mortgage rate. For others, it may not be worth the costs involved. Whether advantageous or not, many homeowners have […]

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How much home could your rent buy?

Mortgage rates continue to be wonderfully low and, in fact, homeowners are locking in some of the lowest rates in history.  This Great Canadian Mortgage Sale is a good time to take a look at how much mortgage you could afford given your current rent.  Your dream home may be more affordable than you think! […]

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Thinking about buying & renovating?

Many homebuyers looking at older properties find themselves in a common predicament: they’ve found a property that suits them, but it needs some costly and immediate upgrades. Many buyers add the costs of those immediate renovations into their mortgage, instead of racking up credit card bills or selling investments to pay for the upgrades.  Known […]

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Free Home Evaluations – what’s in it for you?

See them everywhere, don’t we? Why do realtors advertise so aggressively about these? Yes, ultimately they want you to list with them. That part is true. However, what do YOU get out of it? Where else will you get comprehensive information about what your home is really worth? So you know what your neighbour’s sold […]

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