While it may seem like simple math, the truth of the matter is there are various factors to consider when estimating your monthly mortgage payment. While having a minimum of 5% down used to be the basic requirement, many people are entering the home buying...
First time home buyers in Kelowna are looking on the bright side. Compared to real estate in some other Canadian cities, we offer larger parcels of land and more square footage for significantly less. Combine that with potential lake views, less smog and the new...
First time home buyers who meet eligibility requirements for BC’s new Home Partnership Program, (BC HOME Partnership) may initiate online applications on January 16, 2017 for purchases that will close on February 15th or after. This incentive was announced by Christy Clark in December 2016...
According to a recent Community Trends Report, Kelowna is now attracting an increasing number of young people. Positive news for the Okanagan as “this group is associated with first-time home ownership, students and young families,” the report says. Kelowna has a long-standing reputation as a magnet for retirees, however...
Imagine getting free credit reports, property evaluations, and access to current rates all at your fingertips. All of this and more is possible with MOPOLO – the mobile app from Mortgage Alliance....
Amid the mortgage rate increases by both TD Bank and RBC Royal Bank, everyone is talking about rising interest rates and the housing market. If you've been dreaming of a new home, you may be feeling discouraged with all the noise out there. We are here to...
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...
Buying a home is one of the biggest emotional and financial decisions you'll ever make, so it's important to prepare yourself to make a knowledgeable decision. The mortgage process can be a smooth and almost uneventful process, or an unnerving one. Either way, a great...
Image Credit: Black Press The Provincial government has announced it will impose a a 15 per cent property tax on all foreign real estate buyers in Vancouver effective August 2nd, 2016. After months of government refusal to intervene in a heated urban market, Finance Minister Mike de Jong...