Stop Reading the Newspaper if You Want to Buy a House
Newspaper articles about home buying can be misleading for those who are considering buying a home in the future. Here are the reasons why I advise you to stop reading the newspaper if you want to buy a house: A typical newspaper article might suggest that the average...
How Bankruptcy Affects Mortgages
Bankruptcy is one experience none of us would wish for in life. Once it’s been dealt with, a person is left with questions about the long term effect of their ability to be approved for a mortgage. While it may feel like it’s not possible to recover financially, there...
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...