Mortgage Stress Test in 2022: What Canadians Need to Know Before Buying a Home
Passing the mortgage stress test is required for all home buyers in Canada. But what are the stress test mortgage rules anyway? Is there a way you can avoid the stress test? And how is your minimum qualifying rate affected by recent rate hikes by the Bank of Canada? In this article, we explain everything you […]
Fixed vs Variable Mortgage Rates: What’s the Difference?
Fixed vs variable mortgage; choosing a winner can be daunting for most Canadians looking to buy a home. But at the end of the day, both types of mortgage rates have their pros and cons. In this article, we’ll compare fixed and variable rate mortgages. Then you can know exactly which type of mortgage is […]
Rising Interest Rates: Are Mortgage Rates Going Down Anytime Soon?
Are rising interest rates the new normal? Since the early 1990s, the Bank of Canada have been steadily dropping their benchmark interest rate. But due to rising inflation, this period of lowering rates seems to be at its end. In this article, we’ll explain why the Bank of Canada increased their key policy rate, and […]
Renewing Mortgage in 2022? Here’s What Banks Don’t Want You to Know.
There are many ways you can save money when you have a renewing mortgage. However, too many of us don’t prepare — leaving us at the mercy of the banks. In this article, we’ll explain how you can best prepare for the mortgage renewal process, and what you need to know before you meet with […]
Real Estate As Investment: Pros And Cons
Most people thinking of buying real estate as an investment often wonder if it’ll be worth it. Is real estate a good investment? Truthfully, there’s no easy answer to that. Property as investment can be lucrative and is considered as generally relatively safe, but it does come with its own risks and things to consider. […]
Moving during COVID0-19: 5 tips to do it safely and efficiently
Moving is always stressful as you have lots of things to think about, besides the unknown part of a new life in a new area. But moving during COVID-19 adds anxiety because of the risks of contamination. This Covid-19 pandemic has caused many upheavals that have changed lives. Some people now need to move closer […]
Ready to Purchase a Home? Here’s How You Should Prepare
When you purchase a home, it is one of the most significant milestones in people’s lives. If you feel prepared to make a purchase but aren’t exactly sure you know where to start, we’re here to help. Let’s take a look at some of the best steps you can take to make purchasing your home […]
Everything you need to know about buying a house in your 20’s and 30’s
Buying a house really takes gumption. But it is a goal that meets our needs financially, socially and emotionally. According to a study conducted by Remax, 72 percent of Canadians aged 18 to 34 are hoping to buy a house in the next five years. If you fit into this percentage, you might be feeling […]