Key Things to Avoid After Applying for a Mortgage

Wednesday Jul 6th, 2022

Share

You’ve assessed your finances and the housing market, and researched the various financial options open to you and your household. Then, you took the leap in applying for a mortgage – quite possibly the most significant money-related decision of your life. Now you play the waiting game. This waiting period is perhaps one of the hardest parts of the home-buying process, determining if you have been approved or rejected for a home loan. While it can be challenging, especially in... [read more]

New Homeowner Spotlight: Things to do ASAP!

Friday Apr 29th, 2022

Share

As a new homeowner, this is an exciting time in your life. You’ve just bought a new house and you’re getting ready to move. You spend your time daydreaming about where your furniture is going to go, creating floor plans, and writing out interior design ideas so that you can make your new house a home. With all the excitement and celebrations typically involved with this milestone, it’s completely normal to focus on the fun things involved in buying a new home. However,... [read more]

How Much is a Down Payment on a House?

Monday Apr 11th, 2022

Share

So, how much is a down payment on a house, anyway? The purchasing process usually starts years before the actual purchase, because that’s how long it can take to save up for a down payment, depending on where you’re planning to buy a home, your income and expenses, and of course, the home price. In Canada, when the purchase price is $500,000 or less, the minimum down payment is 5%. For homes priced over $500,000, the minimum down payment is 5% for the first $500,000 and 10% for... [read more]

Understanding Fixed vs Variable Rate Mortgages

Friday Apr 8th, 2022

Share

In 2022, financial experts have been homing in on mortgage rates. Market analysts believe the Bank of Canada (BoC) will raise interest rates. The debate among housing observers, economists and investors is by how much. And with all this talk of fixed vs variable rate mortgages, what is the difference between the two products anyway? Let’s explore. With Canada’s inflation rate the highest it has been since 1991, some anticipate the central bank will be aggressive on rate hikes,... [read more]

Renovations That Pay Off on the Resale Market

Thursday Mar 31st, 2022

Share

If you’re a home-buyer, owner or seller, you’re probably wondering how to maximize your investment. The answer depends on a number of factors, such as market conditions, your current circumstances and long-term goals, but there are some home renovations that pay off on the resale market, whether you’re looking to stay in the home or sell it. Renovations on the Rise in a Hot Housing Market In a seller’s market, there are more buyers than homes for... [read more]

READ MORE