Buying your first home can be a really exciting time, but it can also be stressful or intimidating if you're new to the process. Buying a home is one of the biggest emotional and financial decisions you'll ever make and we're here to help. We've...
The BC Minister of Finance has announced several changes to the Property Transfer Tax program, which came into effect on February 17th, 2016. The changes affect certain newly-built homes under $750,000, first time home buyers, luxury homes over $2 million, buyer’s country of residence reporting...
You may be asking yourself, when is the right time to renew my mortgage? You don’t need to wait until you receive the renewal letter from your lender, in fact it is most advantageous to be pro-active. A few months before the end of your...
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...
Sometimes the mortgage you want is not always the mortgage you get and that could have to do with choosing the wrong path when looking for competitive mortgage rates and pricing. Whether you’re a first-time home buyer or your current mortgage plan is about to...
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...