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
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
Refinance now or later?
Fixed mortgage rates have been steadily increasing these days, making this a big deal in the mortgage world.Fixed rates have increased by about one percentage point, or 100 basis points, since the start of this … Read More
Spring is in the air
Strong seller market? There are only a few weeks left until spring! So let’s take a look at the market trends for the upcoming Spring season since some of you might be ready to buy … Read More
The mortgage rate hike has begun.
At this time Bank of Canada raise rates only slithly at its recent meeting of January, it is clear that interest rates are on their way up. It is understandable that those with variable-rate mortgages … Read More
First-time homebuyers.
What are the key ingredients in helping first-time buyers to purchase a home? The obvious ones are: time, patience & handholding/nurturing. But what else is required to get a first-time purchaser to get into the … Read More
Amortization and affordability.
The odds of being able to purchase a home in Canada is, for many Canadians, starting to feel like the odds of winning the lottery. And like the lottery, if they don’t try, they will … Read More
CMHC suggests new tax to solve unaffordability crisis.
CMHC are studying recommended home unaffordability tax will save the crisis.
Canada housing market 2022
Housing Market 2022. According to RE/MAX, steady growth is anticipated across the Canadian real estate landscape into 2022. While Canadians continue to recognize the value and investment potential of their home, market challenges (such as … Read More