How to house-hunt from afar
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As Canadians move from city to city or province to province, locating new housing from a distance can prove challenging. For instance, if you were moving from Ottawa to Vancouver,…
How About that Summerhouse by the Lake?
Wouldn’t it be nice to actually enjoy the sunshine away from the city in your own private sanctuary? It may be easier than you think. Can I get a mortgage…
The uphill battle of saving for a down payment
Not too long ago, buying a home with 0 down was a possibility. Now, there is no such a thing and there is a minimum that you would need to…
What are closing costs?
It took you what seems like a lifetime to save up for your down payment and now you are ready to become a homeowner. But do you have enough to…
BMO’s 2.99% and the fine print
The Big Banks and mortgage lenders across Canada are happy to once again drop their rates as Finance Minster Jim Flaherty steps down. First Amongst the Big Banks Amongst the…
6 Questions You Should Ask Before Locking In That “Low Rate”
Once again we see a rate war – banks and mortgage brokers drop their advertised rates. If you were planning on renewing your mortgage or thinking of buying this would…
Insurance Premium Increase Announced for CMHC & Genworth
Last Friday (February 28) CMHC announced that they plan to increase their insurance premiums by 15%. Currently CMHC’s premium rates are between 0.5 to 2.75%. As of May 1, 2014,…
The end of investing for a Canadian passport
It has been a week since Canada decided to scrap the immigrant investor program that sped up the visa process to high net worth foreigners. This program established in 1986,…
Vacations Too Good To Be True
Your winter vacation is finally over and now you in serious recovery mode. Are you craving your next vacation already? Either because you just had way too much fun and…
Save 7 years and $55k on your mortgage
As Canadians become more informed about their mortgage more and more people are looking at taking advantage of their prepayment options to pay off their mortgage sooner and in return…