Solid advice and prudent planning make all the difference. As Canadians adjust their home-buying strategies, professional advice is paramount to ensure they understand their options and what is possible, MortgagePRO brokers say. An advisor can … Read More
Home equity can be used as business loan!
Financing options After navigating the COVID-19 pandemic, many small businesses in Canada continue to struggle as they face rising inflation and the looming possibility of a global recession. Despite these unstable conditions, 83% of small … Read More
What will spring bring in Real Estate
According to the Canadian Real Estate Association, the Spring market is anticipating a drop in home prices edging down approximately 6% from 2022, putting the average home price at $662,103 in 2023. The downward trend … Read More
Traditional vs Collateral Mortgages Explained! RBC!
ROYAL BANK! A mortgage is a legal document for borrowing money, usually from a bank. That gives the lender the right to take possession of your house if the loan is not repaid as scheduled. … Read More
Ban on foreign buyers not a bullseye!
Before the finalization of the regulations, CAPL urged the government to reconsider the definition of “acquire” so that mortgage lending entities with 3% or more foreign ownership, which gain possession, control, or right of the … Read More
Importance of having a plan and a budget!
Step 1: Determine your income When creating a budget, the first step is determining your income. Understanding how much money you make is essential to know how much you can spend. Rather than budgeting for … Read More
Foreign buyers are out for 2 years in Canada
FOREIGN OWNERSHIP OF LAND IN ALBERTA Real Estate / By Pranav Khemka In clause 6.2 of the standard Alberta Country Residential Purchase Contract (the “Contract”), the buyer makes a promise to the seller that they are eligible … Read More
The right mortgage product is more crucial than rate!
The importance of choosing the right mortgage features, and it is more important sometimes than the rate of your mortgage! A common mistake some mortgage shoppers make is focusing entirely on getting the lowest rate.Don’t … Read More
About Real Estate appraisals
Land valuation, property valuation, and real estate appraisal are methods of establishing the market value of real estate. In contrast to corporate stocks, which trade daily and are identical, real estate transactions are rare and … Read More
Smart move, pre-approve!
Are You looking for your first home, or have you just started to think about it? I have some first-time homebuyer tips to help make your journey as easy as possible!Some of You know about … Read More