11 Feb

Navigating First-Time Home Buyer Programs in Canada: Your Key to Homeownership

General

Posted by: Morgan McAlpine

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 […]

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18 Mar

Investment Properties 101

General

Posted by: Morgan McAlpine

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. […]

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22 Jun

Two Things New Cottage Buyers are Forgetting About

General

Posted by: Morgan McAlpine

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 […]

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2 Jun

Moved into Your New Home? Do These 10 Things!

General

Posted by: Morgan McAlpine

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 […]

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25 May

Tackling a Downpayment

General

Posted by: Morgan McAlpine

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 […]

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3 May

The Benefits of Rate Holds!

General

Posted by: Morgan McAlpine

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 […]

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20 Apr

10 First-Time Homebuyer Mistakes

General

Posted by: Morgan McAlpine

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 […]

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16 Apr

First-Time Home Buyer Incentive Barely Being Used

General

Posted by: Morgan McAlpine

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 […]

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14 Apr

Does Deferring Payments During the Pandemic Affect Your Credit Score?

General

Posted by: Morgan McAlpine

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 […]

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