Is the stress test keeping you from a great opportunity? 

by Rakhi Madan | Oct 5, 2022 | First Time Home Buyer, Purchases, Qualifying, Refinance, Renewal | 0 comments

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...

Buying a new home this fall? Tips for a stress-free purchase.

by Rakhi Madan | Aug 3, 2022 | First Time Home Buyer, Purchases, Tips | 0 comments

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...

Five Ways To Beat An Increasingly Tougher Stress Test

by Rakhi Madan | May 3, 2022 | First Time Home Buyer, Purchases, Qualifying, Refinance | 0 comments

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...

Helping your kids buy a home

by Rakhi Madan | Oct 5, 2021 | First Time Home Buyer, Purchases, Tips | 0 comments

Everything about homeownership is so different these days compared to when boomers bought their first home. Today, of course, young people in Brampton, Toronto, and the GTA struggle to purchase their first home given the financial demands of school loans, living...

Can you benefit from the NEW First-Time Buyer Incentive?

by Rakhi Madan | May 4, 2021 | First Time Home Buyer, News | 0 comments

First off, yes you do if you are buying in one of these areas: Ajax Mississauga Aurora Mono Bradford West Gwillimbury New Tecumseth Brampton Newmarket Caledon Oakville Chippewas of Georgina Island First Nation Orangeville East Gwillimbury Pickering Georgina Richmond...

Important insurance definitions for homebuyers

by Rakhi Madan | Feb 22, 2021 | First Time Home Buyer, Purchases | 0 comments

When you are looking for a home in Brampton, Toronto or the GTA, it’s easy to get caught up in the excitement and frenzy of homebuying. During all that excitement or before you start, be sure to take some time to get acquainted with a few key terms. Here are the types...