Almost everyone takes out a loan to buy a home. As the loan is being paid back, you build up the equity in your home. Home equity is the difference between the market value of your home and what you owe that bank on the loan.
Housing prices are up, and bank loan requirements are getting harder to meet. You’d think the Canadian dream of homeownership would be gasping for breath, but on the contrary, demand is alive and kicking. Even millennials, a demographic known to spend on experiences rather than investments, contri...
A house fulfills the basic need for shelter, the typical homebuyer refers to it as an “investment,” they don’t usually mean that the property will yield any financial returns. However, a house can also be a wealth-building asset—if you know how to leverage your equity properly.
Real estate is often touted as one of the most effective ways of growing wealth, but the caveat is that it is very capital intensive. If you want to invest in real estate, you can get financing in several ways, aside from using your personal cash. You can get loans from traditional lending instituti...
One of the most talked about subjects in the federal budget of 2019 is the government’s plan to alleviate some of the difficulty in purchasing a house by introducing the First Time Buyer Incentive program, which is slated to launch in September of the same year.
You’ve made an offer on a property and it’s been accepted. Or, you’ve decided to remodel that dusty old basement and need to refinance. Or you’re mortgage has come up for renewal and want to explore better terms and interest rate. Now what? The only thing standing in your way of a more flexi...
A mortgage broker is supposed to work on your behalf to secure the mortgage financing you’re looking for when purchasing a property, renewing your mortgage or refinancing your mortgage. Your broker plays an important role in the home-buying process. He should assess your finances and help present you with the mortgage financing option best suited to your needs.
Before deciding the types of mortgages that may be right for you, you’ll have to make another important decision – the type of lender you’d like to work with. In Canada, there are three main types of lenders: A lenders (banks, credit unions an[...]
There are few milestones in life more exciting and memorable than purchasing a home. It can be a great investment, and for many, it's a culmination of a great deal of hard work, sound budgeting, and disciplined saving.
We know that time changes just about everything, which is why we decided it’s time for us to update our list of best places to live in Canada. If you’re thinking about where to live in Canada, you may be considering a variety of factors ranging from the proximity of amenities to the health of the economy.
Subscribe our blog for news & updates
