The down payment is the one-time payment you must make toward the overall price of your new home. Your down payment must be liquid money that you have saved up or otherwise have access to,
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Investing in real estate has become increasingly popular especially in Alberta with the affordable housing market and the high demand in the rental market.
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On January 1, 2023 the new residential anti-flipping tax rule came into effect. The intention of
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Undecided of what mortgage rate and term you should opt for in such an uncertain rate economy? A hybrid mortgage is a great option for
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Some people think they missed the boat if they have not already locked in. Others are feeling bearish and opting for a 3-5 year fixed rate to wait
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When renewing your mortgage, consider the following tips to make informed decisions and potentially secure better terms:
Start Early: Begin the mortgage renewal process well in advance
Purchasing a home is an exciting milestone, but it's important to be aware of the financial aspects involved in the process. Closing costs are expenses incurred by homebuyers in addition to the purchase price
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There have been exciting changes to the Prohibition on the Purchase of Residential Property by Non-Canadians act!
Work permit holders are now allowed to purchase residential property as long as they have 183 days or more
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Starting April 1, 2023, first-time homebuyers will have a new savings tool to assist with saving for a down payment for their first home. The First Home Savings Account (FHSA) will offer prospective first-time home buyers with the ability to save up to $40,000 tax-free.
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If you are new to credit or new to Canada and looking to build your credit, a great tool is Rent Advantage from our friends at Borrowell.
How does it work? Create an online account with Borrowell, register your banking information.
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The mortgage stress test was first introduced in 2018 to ensure that Canadians can still afford their mortgages if interest rates increase significantly. We currently have a 2% buffer against rising interest rates which has definitely come into play over this past year! All federally regulated lenders are
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As we enter the first month of 2023 there is a lot of speculation on the state of the market for the coming year. We don’t have a crystal ball, but the stats from the Calgary Real Estate Board speak volumes of what we can look for in the coming months and year.
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