In the dynamic landscape of Canadian real estate, aspiring homeowners, particularly first-time buyers, often face challenges in navigating the path to homeownership. However, with the availability of various first-time home buyer programs across Canada, the dream of owning a home becomes more attainable for many. In this blog post, we’ll explore the different first-time home […]

So, you are looking to purchase a second property! Congratulations! This is a great opportunity for you to expand your financial portfolio and ensure stability for the future. However, before you launch into this purchase there are a few things you should know, depending on which type of second property you are looking to purchase. […]

Work-from-home policies and changing lifestyle needs have sent many homebuyers venturing into Canada’s cottage countries this past year. This move has certainly contributed to the significant increase in home prices. As the transition from an urban or suburban home to a recreational one can involve many new elements of ownership, research shows that some important […]

Congratulations! You’ve got the keys to your new home and the unpacking of boxes has started! How excited are you?! Whether you’ve have moved into a new build or re-sale property, there are a few things you can do as soon as you take possession in order to make it your own. Invest a weekend […]

A down payment is one of the most essential aspects of every mortgage application and new home purchase. In Canada, home purchases require a minimum payment from your own funds that is put towards the purchase. This is your down payment and is considered your stake in the deal. Many home buyers understand that a […]

The term “rate hold” may be something you are familiar with if you have worked with me in the past. If not, it is a term that all prospective buyers should know! A rate hold is offered by the majority of lenders to clients who are purchasing a new home and need a mortgage. The […]

As a first-time buyer, there are some homebuyer mistakes you should avoid to ensure a smooth and successful experience! FIXATING ON THE LOWEST INTEREST RATE A reasonable interest rate is important, but not at the expense of heavy restrictions and penalties. Make a solid long-term plan to pay off your mortgage and then find one […]

Nearly halfway through a three-year program to help first-time homebuyers, far fewer Canadians have taken advantage of it than what the government budgeted for. Figures tabled in Parliament on Monday show that, as of Jan. 31, only 9,108 approved applicants had received the First-Time Home Buyer Incentive, which is in the form of a shared-equity […]

During the COVID-19 pandemic more than three million Canadians took advantage of deferred payments to help with financial issues. According to Equifax, last year there were 900,000 deferred mortgages and 1.2 million deferred credit card payments. These deferral programs have been winding down and payments are now getting back on track. Deferred payments are not […]