The lease-to-own option has taken over quite a few arenas, such as furniture, computers, and you guessed it, homes! Lease-to-own homes appeal to record amounts of first time home owners as an eye-catching option for owning a home. Many Canadians have poor credit or are in debt and afraid to even approach banks to attempt [...]
Using your RRSP for real estate investing is much easier then you think. Simply put, your RRSP will be registered as a mortgage against the investment property. It’s like you and your RRSP become a bank, and we “borrow” the money from you. Your money is on title as a mortgage, just like a bank [...]
As Ottawa tightens the reins on speculation in the Canadian condo market through newly introduced mortgage changes, some industry professionals have questions about how the government’s moves will dampen the practice it wants to prevent. Finance Minister Jim Flaherty announced a series of mortgage rule changes Tuesday morning, in an effort to proactively limit risks [...]
So, you are tired of renting and want to buy your own home. It is true that buying your own home is a very exciting experience for all buyers but it can also become a nightmare if you haven’t bothered to do some very simple research and due dilligence. Here are 7 mistakes made when [...]
Shopping for a new home can be overwhelming to say the least. The thrill of finally finding the one house to call your own is very exciting. Nevertheless, some future householders disregard closing costs until the last minute, which usually results in a great deal of stress. Here is a fast checklist of a few of the expenses you need [...]
