5 Key Differences Between TFSA’s and RRSP’s
If you’re undecided about whether you should stash your money in an RRSP or a TFSA it pays to weigh the pros and cons of each product. Here are 5 key differences to help you decide which one is best for your long term plan- you may even decide a mix of both is right...
When Do Mortgage Payments Start With a New Condo?
The condominium market in the GTA experienced a record year in 2016, with no signs of slowing down. Strong demand, low supply and rising development costs translate into an average price of $507,128, an 11.9% increase over the previous year. At the end of 2016, 54,731...
What Happens When A Home Sale Falls Through?
Every homebuyer eagerly anticipates closing day. With the home purchase process completed, ownership of the property transfers from the seller to the buyer – you! Closing date is negotiated as a condition of sale. You’ll typically have several weeks between the date...
Is Today The Right Day To Buy Yourself A Home?
Q. Is today the right day to buy yourself a home or not? A. Today is the right day assuming one has found a specific property that works for them on all levels. This question arises on a near daily basis within our social circles and most of the chatter around the...
The CMHC Tax Increase
The Canadian Mortgage & Housing Corporation (CMHC) has announced they will be increasing their fees by over 10% in some cases as of March 17, 2017. As a homebuyer with less than 20% for a down payment, you may be wondering how the latest changes affect those...
How to Pay Off Your Mortgage Faster
Purchasing a home is likely the single largest investment that most of us make in our lifetime, and it can lead to a big debt for homeowners. The thought of making payments for the next 25 years or so may seem daunting, but there are ways to pay off your mortgage...
Got a Pay Raise and Still Don’t Qualify?
Owning a home and saying goodbye to your landlords is something many of us dream about often. It can seem straightforward to save a down payment, and after you get a raise you might think you’re finally ready. Take Bob, who thought he was doing everything right. Bob’s...
5 More Steps in the Home Buying Process
I hope that you have read my last blog post on the first 5 steps in the home buying process. Once you’ve read that you’ll be wondering what’s next? Here are the next five steps in the home buying process Step 6 You’ve found a home that fits your budget, checks all the...
The First 5 Steps In the Home Buying Process
There are few things in life we find as exciting and at the same time overwhelming as starting on the road to home ownership. It’s likely you’ll be the on the receiving end of advice from parents, family, and friends, all of course with the best of intentions. Often...
First Time Home Buyers Rebate Gets Bigger in 2017
It’s a great time to be a first time home buyer in Canada right now! On November 14th the Ontario government announced it’s doubling the maximum Land transfer tax refund, so now it’ll be $4000. This will take effect on January 1, 2017 and will affect more than half of...