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2021 already a record year for Canadian home sale Home sales recorded over Canadian MLS® Systems were up 8.6% between September and October 2021, marking the largest month-over-month increase since July 2020. Sales were up month over month in about three-quarters of all local markets, and in all major cities. The actual (not seasonally adjusted) number … Continued
A pre-approval is often provided to home buyers after review of their application, income, and credit. It can offer a rate hold and a comfort level of what amount of mortgage you would qualify for based on your credit worthiness and borrowing capacity. But a pre-approval is not a guarantee that your mortgage will be … Continued
The Office of the Superintendent of Financial Institutions (OSFI) announced last week that it intends to raise the “Stress Test” rate to 5.25%, or 2% above the contract rate (whichever is higher) on uninsured mortgages, and is currently seeking submissions from stakeholders ahead of implementing these new rules on June 1st. The “Stress Test” was … Continued
It isn’t always easy to get a mortgage when you’re self-employed. Your length of time as self-employed, fluctuating income, or significant business expenses that reduce your net income can all affect how lenders view your income. Depending on your credit score and total earnings, you may struggle to get a traditional mortgage with your bank. … Continued
Even during the dead of winter, you can still make your property look impressive to potential buyers who are on the hunt for a new home. Though there may be snow and sub-zero temperatures to deal with, you can effectively stage your home in the winter to make it stand out from the crowd by … Continued
Have you been thinking about buying a vacation property as a profitable investment? In this blog, we’ll break down the facts and help you determine if a vacation home is right for you. We’ll begin by explaining some key factors to consider before buying a vacation home. Following this basic explanation, we’ll compare side-by-side the … Continued
With the warmer weather still lingering, now is the perfect time to get your home fall-ready before the chillier seasons hit! We’ve prepared a guide filled with useful tips so you can be confident that your home is prepared to embrace the fall season with style. Cozy Bedding Now is the time to bring out … Continued
There may come a time in your life when you need money to pay down some debt, reduce your mortgage, lower your bills or increase your cash flow. And when that time comes, downsizing your home is one of the best options to do so. But is it really worth selling your home to move … Continued
How can you better prepare for your first mortgage appointment? Here’s our advice to ensure that you’re armed with everything you need to speed up the process and get the best rate and terms possible based on your needs. Learn the Common Terminology It can go a long way to have a basic understanding of … Continued
Are you paying multiple debts with different interest rates? If so, it can be challenging trying to keep track of all the payments, especially when they come out on different days and have multiple interest rates. Fortunately, there’s a solution that can make it easier –debt consolidation. When you consolidate your debt, you basically roll … Continued
