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COVID-19 We do business electronically

COVID-19 UPDATE Good Afternoon,  Our clients and business partners are our top priority, and we are taking the necessary precautions to ensure that everyone remains safe. We continue to monitor the situation and follow the guidance of the World Health Organization, Federal and Provincial governments, and Health Canada to reduce the spread of COVID-19. Effective [...]

By |2020-03-17T18:35:43+00:00March 17th, 2020|Uncategorized|Comments Off on COVID-19 We do business electronically

Vancouver and Toronto See Housing Prices Rise Again

Vancouver and Toronto See Housing Prices Rise Again   The price of real estate rose again last month in Canada's two most valuable real estate regions. The crisp winds of October brought with them a rebound in the Toronto and Vancouver markets as continued as interest rates remain low. Greater Vancouver home sales were up [...]

By |2019-12-10T23:04:14+00:00December 10th, 2019|Economy|Comments Off on Vancouver and Toronto See Housing Prices Rise Again

Bad Credit? Here is What You Need to Know About Getting a Mortgage

If you have bad credit, you know that you are in a tight spot - especially if you are looking for a mortgage. However, even with what often feels like mounting financial woes and credit agencies calling your daily, there is a light at the end of the tunnel. And, believe it, or not that [...]

By |2019-09-12T17:07:14+00:00September 12th, 2019|Mortgage Tips|Comments Off on Bad Credit? Here is What You Need to Know About Getting a Mortgage

How to Effectively Save for a Downpayment

There are a number of ways that you can save for a downpayment on a home. But which ones actually work? Here we have put together a list of things that you can do that are proven to be effective in helping you to save for a downpayment on a home. While we focus on [...]

By |2019-08-27T18:31:18+00:00August 27th, 2019|Debt management|Comments Off on How to Effectively Save for a Downpayment

Should Potential Homebuyers Wait it Out or buy Now?

Canadian’s who are looking to enter the real estate market has been through a lot. Between sky-high prices and what feels like never-ending bidding wars in most markets, it is no surprise that many potential buyers have delayed taking the leap. And now, they face another dilemma: whether or not they should consider buying when [...]

By |2019-08-14T19:25:14+00:00August 14th, 2019|Economy|Comments Off on Should Potential Homebuyers Wait it Out or buy Now?

Canadian Mortgage Stress Test to Become More Lenient

Canadian Mortgage Stress Test to Become More Lenient   For the first time since the federal government implemented the new stress test rules on Canadian home loans, the standards have been lowered. In other words, a potential homebuyer could be approved for a bigger mortgage today than what they would have been yesterday. Since the [...]

By |2019-07-24T15:07:35+00:00July 24th, 2019|Mortgage Rules|Comments Off on Canadian Mortgage Stress Test to Become More Lenient

How Home Equity Can Be Used to Payoff CRA Debt

How Home Equity Can Be Used to Payoff CRA Debt   It is not unusual to learn that you owe some money to the Canada Revenue Agency (CRA) after you file your personal tax returns. This is especially true if you have neglected to do them for a year or two. Like any other unexpected [...]

By |2019-07-17T14:10:20+00:00July 17th, 2019|Uncategorized|Comments Off on How Home Equity Can Be Used to Payoff CRA Debt

Mortgage Insurance in Canada

Mortgage Insurance in Canada   Mortgage insurance is a kind of insurance that was developed to compensate financial institutions or investors should a homeowner default on their loan. It is required for any mortgage where the downpayment is less than 20%. Whether the mortgage insurance is public or private will depend on the institution that [...]

By |2019-05-30T14:23:14+00:00May 30th, 2019|Mortgage Tips, Uncategorized|Comments Off on Mortgage Insurance in Canada

How Does the New Federal Budget Benefit First Time Home Buyers?

With the recent release of the 2019 federal budget, many Canadian’s were surprised to find out that the liberal government is making it easier for homeowners to purchase their first home. They are doing this by increasing the amount that buyers can borrow from their retirement savings to put towards their down payment - should [...]

By |2019-04-02T20:55:15+00:00April 2nd, 2019|Economy|Comments Off on How Does the New Federal Budget Benefit First Time Home Buyers?

Mortgage Insurance in Canada

Mortgage insurance is a kind of insurance that was developed to compensate financial institutions or investors should a homeowner default on their loan. It is required for any mortgage where the downpayment is less than 20%. Whether the mortgage insurance is public or private will depend on the institution that lends the funds. Where Can [...]

By |2019-03-10T20:29:20+00:00March 10th, 2019|Mortgage Products, Mortgage Tips|Comments Off on Mortgage Insurance in Canada