RENT, OWN, OR DO BOTH?

RENT, OWN, OR DO BOTH?

There are generally three different situations you can find yourself in when it comes to living situations; living with parents, renting, or owning. A lot of the times the first decision someone will need to make is whether they buy a home to live in, buy a home to...
FIRST TIME MORTGAGES: EXPECTATIONS VS. REALITY

FIRST TIME MORTGAGES: EXPECTATIONS VS. REALITY

First-time homebuyers are one of our favourite clients! It’s great to work alongside them and teach them the in’s and out’s about real estate, owning a home, and helping them cross “homeownership” off their bucket list. One thing that we find though, their...
FOUR-MONTH HOME SALES GAIN DESPITE WEAK B.C. MARKETS

FOUR-MONTH HOME SALES GAIN DESPITE WEAK B.C. MARKETS

The Canadian housing market showed continued signs of stabilizing last month with sales edging upward and prices easing a bit. National home sales increased 0.9% in August, the fourth consecutive monthly gain. Sales in Toronto advanced 2.2% while they rose 2.9% in...
IS YOUR LINE OF CREDIT KILLING YOUR MORTGAGE APPLICATION?

IS YOUR LINE OF CREDIT KILLING YOUR MORTGAGE APPLICATION?

Some of the last round of changes from the government regarding qualifying for a mortgage were that if you have a balance on your unsecured line of credit, then to qualify for mortgage the lenders require that we use a 3% payment of the balance of the line of credit....
CMHC CHANGES TO ASSIST SELF-EMPLOYED BORROWERS

CMHC CHANGES TO ASSIST SELF-EMPLOYED BORROWERS

As a self-employed person myself, I was happy to hear that CMHC is willing to make some changes that will make it easier for us to qualify for a mortgage. In an announcement on July 19, 2018, the CMHC has said “Self-employed Canadians represent a significant part of...