If you’re purchasing a home or renewing your mortgage in the near future you may be wondering “should I get a variable or fixed rate mortgage?”. Almost every home buyer has asked themselves this question at one point. Some studies have shown that choosing a variable...
[vc_row][vc_column][vc_column_text]Most Canadians come face to face with their credit profile at some point in their lives. Even if you’re not making a huge purchase, if you’re applying to rent or get a cell phone plan, your credit might be checked. How’s your credit? Have you...
If you’ve been staying up to date with recent housing news in Canada, you’ve likely heard of the new mortgage stress test. This test is affecting potential home buyers all over Canada. It requires all federally regulated financial institutions to qualify mortgages at a higher...
Purchasing a house may be one of the biggest investments you make in your lifetime. There are many decisions to make, and among them - where are you going to get your mortgage from? You have a lot of options, including choosing from a big...
[vc_row][vc_column][vc_column_text]The 2018 BC budget proposed a new tax for people who speculate on residential real estate in the province of British Columbia. It is aimed at buyers who flip houses and capitalize on the increasing housing prices. The speculation tax is based on a housing...
[vc_row][vc_column][vc_column_text]One of the biggest financial decisions we make is choosing between renting a property or buying. There’s a lot to take into consideration before you make a final decision, but at the end of the day, owning a property is one of the best financial...
[vc_row][vc_column][vc_column_text]If you’re considering buying a home, then one of the first things you want to learn about is the different financing professionals. Depending on your personal preference, you can either contact a mortgage lender or a mortgage broker. A mortgage lender works for a financial...
Buying a home is bound to be one of the biggest purchases and investments that you’ll make in your lifetime. If you’re purchasing your first home, there a few important things to keep in mind and take into consideration before you begin the application process....
Penalty calculations, porting restrictions, refinance limitations, fully closed terms, appraisal fees and collateral charges, does this all sound confusing, complicated and, well, costly? The terminology of buying a house can be difficult to navigate, for most people it’s a whole new language. Perhaps the most frightening...