Budgeting

Budgeting – sounds fun?

Budgeting may not be your favourite subject, but it might just be a necessary part of life in order to ensure that your finances are kept […]
Down payment

New Down Payment Rule – How does it impact you?

Last week, the Federal Government announced that the minimum down payment for homes priced over $500,000 will increase. Currently, the minimum down payment for a home […]

More Mortgage Changes for Canadians

The Canadian government released more details today about the implementation further mortgage changes across the country. The mortgages changes are going to affect those Canadians making purchases over $500,000, and […]
First Time Homebuyer

How to be a first time homebuyer

As a first time homebuyer there is a lot of excitement but it’s important not to get too wrapped up in the excitement and ensure you do your […]

Down Payment Basics

The minimum down payment required is dependent on the type of purchase. If you are purchasing an owner-occupied property, you will need minimum 5%, if the […]

Buying a home? Here are some helpful tips

1. Don’t buy if you can’t stay put If you can’t commit to remaining in one place for at least a few years, then owning is […]

Home Buyers’ Plan may help with a down payment

According to the recent CAAMP stats, 57% of those who purchased a home in 2013 were first time buyers.  The biggest challenge most first time buyers […]

Financial planning helps ensure better mortgage choices

Between paying living expenses, mortgage instalments and taxes – not to mention saving for children’s education and retirement – it’s not easy for families to get ahead. […]

If I have 20% or more to put down on a home purchase, what amortization should I choose?

This is a very common question from home buyers.  Most are gun shy when it comes to 30 and 35 year amortization but in my mind, […]

More changes for the Canadian Mortgage industry?

As a borrower, you are judged on a few things: Debt service ratios – how your total monthly debt payments compare to your gross monthly income […]