Buying a property can be overwhelming. Knowing who does what, where your money goes and all the ins and outs will provide you with some peace of mind when it comes to your deposit. Typically, when purchasing you are required to put a deposit down through your realtor. Buyers are typically relieved to find out […]

Getting pre-approved is a crucial first step when buying a home. It tells you how much you can spend on a home between your down payment and the approved loan amount. Sometimes, though, the pre-approval amount is lower than what you expect, throwing a wrench in your plans. Here are five ways to increase your […]

Recessions can feel scary. Suddenly thousands of people are without jobs, and there’s less money circulating in the economy. But, before a recession hits, most Canadians can feel it coming. Here’s what to look for and how to react should a recession hit Canada in 2023. What is a Recession? A recession occurs after six […]

The First-Time Home Buyer Incentive launches on September 2, 2019 and was designed to help qualified first-time home buyers reduce their monthly mortgage carrying costs without adding to their financial burdens. There are a few qualifiers to apply for this incentive: you need to have the minimum down payment to be eligible your maximum qualifying […]

The Canadian Bankers Association’s latest report on mortgage delinquency shows that Alberta has the third highest per capita of all the provinces at .49%. The national average shows that .25% of home owners are having difficulty paying their mortgage. At first glance these numbers seem relatively small until you note the fine print that “delinquency” […]

As the prices of homes have elevated in many locations over recent years, often aspiring homeowners will consider buying a property with intent to rent out part of the space, such as a basement or spare bedroom, to tenants or roommates. The benefit of this plan is to use the rental income to offset the […]

Assembling a knowledgeable and cohesive home-buying team will help ensure you have a smooth and stress-free experience. Here are the individuals that are integral to the process: Mortgage Professional A mortgage professional will help arrange the financing for your home. He or she will help you understand your home-buying budget, research the market, and help […]

Your upcoming mortgage renewal provides you a great opportunity to recalibrate and plan for the future. Here’s a list of a few important things you should consider before that day approaches: Can you handle fluctuating rates? Some homeowners are nervous about any increase to interest rates, while others are comfortable to go with the flow. […]

There are a few components required for you to successfully qualify for a mortgage. Here are the three crucial things you need to get yourself approved to buy that home: Income There are many different ways people earn income nowadays (salary, commissions, bonus, tips, etc.). Lenders would like to see that you receive a consistent […]