Kelowna Mortgages

There's nothing like owning your own home in the Okanagan. Many people dream of owning their own home, when the time comes to turn that dream into reality there are a few things potential home buyers will need to know about getting a mortgage. ...

An announcement made in the beginning of October by Finance Minister Bill Morneau has been causing a lot of discussion recently. In an attempt to cool the hot housing market, governments have been rolling out new rules for mortgage financing. It started with the foreign real estate tax implemented...

Will the new mortgage rules affect you? The federal government is boosting the minimum down payment for higher-priced homes in Canada effective in the new year. The announcement was made by Finance Minister, Bill Morneau at a press conference in Ottawa this past Friday. The increase is part...

Earlier this month the Bank of Canada (BoC) made their regularly scheduled interest rate announcement, and rates appear to be holding steady until the end of 2015. You may have been debating refinancing your mortgage and asking yourself "Is refinancing a smart option?". There are a...

For many Canadians, the first hindrance to purchasing a home is coming up with enough money for a reasonable down payment. This often causes anxiety and can easily deter a person from buying their dream home. However, thanks to programs like the Canada Revenue Agency Home Buyers Plan (HBP),...

The important decision of whether to invest in a condo or house in Kelowna seems to be the priority of both first-time home buyers, and experienced homeowners. Both forms of property come with a unique set of pros vs. cons, but ultimately the solution boils...

According to a study done by Dr. Moshe Milevsky, Associate Professor of Finance at York University’s Schulich School of Business, 90.1% of the time Canadians will save money by choosing a variable rate mortgage. But what about the other 10%? They’re the ones who saved...

Here's a hypothetical situation for you: you've found the property of your dreams, it's not perfect but with a little work it's exactly what you've been looking for. Now you crunch some numbers and realize that with the cost of the renovations your dream is...