If you are dreaming of your very own vacation home, there are ways to make it happen! Let me walk you through your options. When it comes to taking on a vacation property, you will need to have a minimum down payment of 5% of the purchase price. If you are purchasing a non-winterized vacation home, […]

What is a reverse mortgage? A reverse mortgage is an equity product available for those 55+ that allows you to tap into your equity without making a monthly payment. They can be fairly conservative in how much they lend, and it’s based on age and property. The older the client, the higher the approved limit. […]

For many Canadians who are looking to retire but currently facing high debt load and ongoing expenses, as well as reduced income, it can be a challenge. This is where the reverse mortgage can help! This product is also a great option for anyone wanting to assist their elderly parents. Instead of selling the home […]

With the Bank Of Canada expecting to raise interest rates another .50% you may feel the variable-rate rollercoaster is not worth riding anymore. Certainty is not something that can be provided in an everchanging market, however, you do have options with your mortgage if you own your home. If you do want to lock in […]

In light of the recent Bank of Canada announcement, raising the interest on variable rate mortgages by 0.5%, we wanted to take the initiative prior to the next expected ones to provide the knowledge on how to find the available options of locking in your variable rate, should this be something you are considering. It’s […]

Holy Smokes! Canadian Inflation Is At 6.7% StatsCanada today reported that consumer prices rose a whopping 6.7% year-over-year in March, a full percentage point above the 5.7% reading the month before. Market-driven interest rates shot up on the news as the prospects increase for another half-point rise in the overnight rate when the Bank of […]

Canadian March Home Sales Posted Their Biggest Decline Since June Statistics released today by the Canadian Real Estate Association (CREA) show that rising interest rates were already dampening housing activity well before the Bank of Canada’s jumbo spike in the key policy rate in mid-April. National home sales fell back by 5.4% on a month-over-month […]

The Bank of Canada will be raising interest rates on variable-rate mortgages by 0.5%. What this means is that your monthly payments will increase by $26 per $100,000 on your mortgage if you are on a variable rate mortgage. Here is the Bank of Canada statement. This comes as no surprise as Canadian inflation has […]

Deputy Prime Minister and Minister of Finance the Honourable Chrystia Freeland tabled the Government’s Budget on April 7, 2022. Highlights of the 2022 Budget include: Initiatives to support housing affordability Tax incentives to support small businesses Measures to address tax avoidance and aggressive tax planning Various international and cross-border tax measures Additional tax on financial […]

The federal budget promises $10 billion to make housing more affordable. Measures include tax credits for a variety of items, but the big ones, at least to me are: A two-year ban on foreign buyers Sales taxes on assignment sales No principal residence exemption for properties bought and sold within 12 months Multigenerational Home Renovation […]