In a recent Bank of Montreal survey, a First-Time Homebuyer is 29 years old and has saved a $48,000 down payment for a $300,000 home purchase. Who fits this profile? If you fit this average, it will take an annual household income grossing $40,000 per year (earning approximately $20 dollars full time and past your […]

On this edition of The Mortgage Show with Angela Calla Rob Boies of Royal Lepage joined us to discuss the flags not to be ignored   To reach Rob Boies directly call 604-341-3009 or robboies@royallepage.ca   Clich here to listen now! Rob_Boies_Interview_-_April_11th_.mp3

The average Canadian homeowner doesn’t think they’ll be mortgage-free until they’re 57 – two years longer than what they expected last year, a survey by CIBC suggests.  The survey also found that half of those surveyed said other debt, from credit cards to lines of credit, have increased and impeded their ability to pay off […]

We are happy to inform you there is a mortgage product avaliable to help you There is an option where you can now qualify to take their ex-spouse off the title/mortgage of the house and re mortgage up to 95% value of the home instead of 80%.  It’s always unfortunate when things don’t work out the way […]

Finance Minister Jim Flaherty shouldn’t interfere with mortgage pricing set by the country’s lenders, Bank of Nova Scotia Chief Executive Officer Richard Waugh said Flaherty, who has taken steps to cool the housing market in a bid to avert a crash, raised concerns last month over reduced five-year mortgage rates offered by Bank of Montreal […]

DID YOU KNOW… The Home Buyers’ Plan (HBP) is a program for first-time homebuyers that allows you to withdraw funds from your RRSPs to buy or build a home. You can withdraw up to $25,000 tax-free ($50,000 for a couple). Your RRSP contributions must remain in the RRSP for at least 90 days before you […]

 You may have heard about already low interest rates getting even lower and wonder what to do with this information! When there is a change in rates of 0.5- 0.8 of a percent it’s worth it for us to work the numbers to see if there is any additonal savings by taking advantage of todays […]

Obtaining financing on a new or existing home can be a stress-free, straight-forward process if you’re prepared. But if you’re not prepared, there are many common mistakes you can make. Most of these mistakes are easily avoidable with some preparation and informed advice – feel free to call or email with any questions/concerns! Below are […]

Courtesy of the Globe and Mail March 2013 Finance Minister Jim Flaherty has pressed Manulife Bank into reversing a mortgage-rate cut, underscoring the government’s determination to prevent lenders from stoking the housing market at a time of soaring consumer debt. Mr. Flaherty instructed one of his officials to call Manulife on Monday night and indicate […]

Learn about 4 Emotional Mistakes Costing Money In Real Estate!! rob_interview_march_21.mp3