Have you recently been declined for a mortgage because you have credit challenges, carrying some debt or dont have the required down payment? Homeownership could still be a reality with some creative planning and resourcefulness Understanding the qualification process is the key to finding a way to make it work. The mortgage amount a buyer [...]
Canadian home prices are on the rise with a near 20% projected increase by the end of December, according to the Canadian Real Estate Association’s (CREA) most recent report As home sales across the country saw a slight drop in August, falling 0.5% compared to July, prices continued to rise, bringing the average Canadian home [...]
Mortgage shoppers take note: Cheap money is here to stay, at least for the next two years, the Bank of Canada reaffirmed during its interest rate decision on Wednesday. The BoC had previously provided guidance that rates would remain at their effective lower bound—currently 0.25%—“until 2 percent inflation target is sustainably achieved,” but went a [...]
In the recent 2019 Federal budget, a new CMHC initiative (for first time homebuyers) was released that has been created to try and help more people get into homeownership but will it? And more specifically, who will it help? It certainly isn't going to work for everyone as the qualifications point out -so would you [...]
Like everyone else, I find it very hard to set resolutions that I am actually interested in keeping. I think that when you pay lip service to a resolution it is just that, words that come out of your mouth. There is nothing concrete about saying "I want to do this.....in the New Year!" [...]
