House vs. Condo – Which is Right for You?

House vs. Condo - Which is Right for You?

When you’re ready to buy a property, you’re often faced with the challenging decision between purchasing a house vs. condo. Each one has its own benefits, but only one is best suited to your lifestyle. So when you’re stuck choosing between which property type is right for you, first ask yourself these five questions before … Continued

Canada’s First-Time Home Buyer Plans: The Basics

Canada’s First-Time Home Buyer Plans: The Basics

Buying your first home can be an adventure full of wonderful moments, and thanks to Canada’s First-Time Home Buyer (FTHB) Plans, you can reap some tremendous benefits. What are these plans and how do you qualify for them? Here are the basics that every first-time homeowner should be aware of: What are Canada’s FTHB Plans? … Continued

5 Essential Tips for First-Time Home Buyers

5-Essential-Tips-for-First-Time-Home-Buyers

Being a first-time home buyer springs an assortment of mixed emotions – excitement, anxiety, eagerness, fear – that all come with the territory when going through the buying process. And with the Canadian housing market still at the top of its peak, it’s been incredibly difficult for first-time buyers to get into the market and … Continued

Steer Your House Shopping

Steer Your House Shopping

When it’s time to purchase a home, it’s easy to get caught up in looking at places that are well outside of your budget. It is, after all, going to be the place where you and your family spend the most amount of time, so naturally you want to love it. And although it may … Continued

3 Red Flags After Making an Offer for Purchase

Finding a home that you think might just be “the one” can be an exciting feeling, but it can also be overwhelming until that closing date finally arrives. It takes a lot of steps to get to that moment, from finding a real estate agent to viewing a multitude of open houses and securing mortgage … Continued

4 Smart Ways to Save for a Down Payment

4 Smart Ways to Save for a Down Payment

Since a house is likely the most expensive purchase of your lifetime, a deposit on the house will not be a small amount of money. Most lenders require a minimum of 5% down as a down payment prior to initiating the mortgage loan for the remaining amount. The higher your down payment, the less money … Continued

The New Rules

Mortgage Rate Stress Test

Understanding the Government changes affecting the mortgage industry. Your answers to the What, Who and Why, and How The Mortgage Advisors can help! New: Mortgage Rate Stress Test   WHY did the Department of Finance implement these new changes as of October 17, 2016? The new regulations are intended to help protect the Canadian financial … Continued

Are You Financially Prepared to Buy a Home?

Are You Financially Prepared to Buy a Home?

The decision to purchase a house is not one that can be taken lightly. Though homeownership is a rewarding opportunity and a lifelong aspiration for many, it is not suited for everyone. Unless you win the lottery, the average person does not have the funds available to purchase a house outright without the aid of … Continued