by Rakhi Madan | Jun 5, 2023 | First Time Home Buyer, Purchases |
When it comes to one of the biggest financial decisions of your life – getting a mortgage – it’s essential to have all the necessary information to make informed decisions. Working with a knowledgeable and trustworthy Mortgage Broker can simplify the...
by Rakhi Madan | Mar 20, 2023 | First Time Home Buyer |
The Tax-Free First Home Savings Account (FHSA) is a new program available in April 2023 that will help homebuyers in Brampton, Toronto, and the GTA get into their first home faster. It allows you to save up to $40,000, giving you a tax deduction on your contributions...
by Rakhi Madan | Dec 3, 2022 | First Time Home Buyer, Qualifying, Tips |
Given price declines since the peak of the housing market in February 2022, homebuyers are finding good opportunities in the Brampton, Toronto and GTA markets. However, our higher rate environment has resulted in a tougher stress test, which makes it difficult for...
by Rakhi Madan | Oct 5, 2022 | First Time Home Buyer, Purchases, Qualifying, Refinance, Renewal |
Our rising rate environment has caused the government’s “minimum qualifying rate (MQR)” to no longer apply for those looking to purchase, renew or refinance in Brampton, Toronto and the GTA. What does that mean? Well, the MQR is part of the mortgage qualifying “stress...
by Rakhi Madan | Aug 3, 2022 | First Time Home Buyer, Purchases, Tips |
Given the softening housing market in Brampton, Toronto and the GTA, I’ve been asked when is the best time to buy – now or wait? History has proven that it is almost impossible to perfectly time the market. Since home ownership has proven to be a very solid investment...
by Rakhi Madan | May 3, 2022 | First Time Home Buyer, Purchases, Qualifying, Refinance |
For homebuyers and owners in Brampton, Toronto and the GTA, the last two Bank of Canada rate announcements have been quite the wake-up call after two years of historically low pandemic rates. We knew it was coming and we prepare the best we can, but it always does...
