Buying a Home in Canada Without a Down Payment: A Comprehensive Guide Buying a home in Canada is a dream for many, but the daunting task of saving for a down payment can put that dream out of reach. What if you could buy a home in Canada without a down payment? While it may […]
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Alternative Mortgage Lenders Have you heard of Alternative Mortgage Lenders? In this blog post we hope to explore what you can expect when you choose this option for a mortgage lender. At this time the Bank of Canada continues to raise interest rates and this has had an impact on the mortgage market. The effect
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Advice for First-Time Homebuyers This is an exciting time, you’re looking at listings and the prospect of being a homeowner. Not only is this a big step but it’s also an opportunity to make a major investment. Being a new homeowner comes with a lot of responsibilities, this blog is here to help you navigate
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Variable-Rate Mortgages Reach Trigger Rate There was recently an article published in the Financial Post about the fact that variable-rate mortgages are now hitting their trigger rate. The article also talked about how this will effect Canadians financially and what to expect. Before we get into the details let’s learn a bit more about what
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Housing Affordability in the Canadian Housing Market It was reported by REMAX Canada that recently there has been a rise in more Canadians moving to urban areas in recent years. The question is, how will this look over the next five years? We can see that the market has changed a lot during the pandemic
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Finding a Mortgage Lender When it comes time to shop for a mortgage lender it can seem daunting and stressful. However, there are multiple companies that are able to help you through the process and interest rates options. The whole process can sometimes feel really overwhelming and that’s why a mortgage lender or specialist can
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Mortgages and the Down payment Have you been wondering how mortgages work? When it comes to buying a home we all have to think about how we’ll finance it. It’s a major purchase and one that is life changing, you’re becoming a homeowner, it’s exciting. First we should review how mortgages work. There’s a lot
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According to the Polls In a recent joint Nanos and Bloomberg poll, that took place in May, it was revealed that Canadian’s would welcome rate hikes if it means that it could help cool the housing market. According to the poll, 49% of respondents would support or somewhat support the Bank of Canada to increase
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Looking to Invest in the Housing Market? If you’ve been looking to start investing in the housing market, there are somethings you’ll need to know first. If you’re just starting out, there’s a chance you’ve probably heard of the Mortgage Stress Test. This test determines how your mortgage and finances might be affected by any
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First-Time Home Buyers This month is First-Time Home Buyers Month, the Incentive helps people across Canada to purchase their first home. This program offers 5 per cent and 10 per cent off of the home’s purchase price, to put toward a down payment. The program will lower your mortgage carrying costs and makes homeownership more
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