While many in the industry thought we might see increases to amortization or relief from the previously imposed stress test, none of those were taken into consideration in today’s underwhelming federal budget. The announcements we saw in relation to home purchasers were: RRSP’s 1. An increase to the amount accessible from RRSP’s from $25,000 (where […]

Did you know that you can buy a home with ZERO down payment?? If a home purchase is your goal this year but you aren’t able to save up enough of a down payment, you may qualify for a low or zero down payment mortgage. One of our Lenders is offering a great zero down […]

When it comes to your home, big or small, be prepared to be bombarded by a number of insurance products to keep you protected. While it can seem overwhelming, it’s a good idea to get familiar with the basics of some of the insurance you will either need to have, or choose as an optional. […]

When we tie the knot with our soulmate, we assume it’s going to be forever. It’s pretty much written in the vows. Unfortunately not all marriages have fairytale endings. In fact, a very significant amount of marriages in Canada end in divorce. The most recent data suggests 38 per cent of all marriages in Canada […]

Homebuyers are starting to see relief and the pendulum swing their way for the first time in years. It’s no surprise, as we’ve have had a collision of circumstances that have both slowed the local real estate market and dropped prices down as much as 30 per cent. We have the stress test forcing borrowers […]

I just wanted to provide an update on a special project that’s been an exciting journey for me. Last fall, my first book The Mortgage Code became a best seller on Amazon in four categories, both in Canada and the U.S. An audible version of The Mortgage Code is available today. It’s an easy way […]

The federal government is looking to make home-buying more affordable for millennials – and one potential solution would have a noticeable impact on mortgage payments. Finance Minister Bill Morneau said in January there are “multiple things we’re looking at in order to think about how we can help in that regard,” referring to home-affordability issues […]

Many of my clients and friends regularly ask me when or if they should consider a refinance. Here are 4 quick questions that I ask of them. The answer they give me, will very quickly tell me if we should be taking a deeper look at the mortgage refinance options available to them. What do […]

When you’re preparing your taxes, you’ll want to have your mortgage statement ready. Here is what you need to know. 1. Lenders send statements out by Feb. 28 at the latest – if you haven’t received it by the first week of March, contact your mortgage provider (asking for it earlier may result in an […]

Self-employed individuals are quickly becoming one of the most common clients that we handle. Daily we have successful business owners come into our offices who enjoy the perks of being an entrepreneur. One of these includes fantastic write-offs that allow them to bring their income down to a low tax bracket. However, this benefit can […]