Does Buying Pre-Sale Make Sense for You?
If you are in the market to buy a property, you have probably asked yourself the following question: “Should I buy something now or pay a down payment and purchase…
Amazon.com takes over Telus Garden Building
Vancouver is by far one of the most beautiful, livable cities in Canada. However, it does come with its concerns. Number one concern being that it’s expensive and there is…
We’re hiring!
LavaRates is hiring full-time, smart, money savvy writers to keep our users updated with valuable information about finance, mortgages, credit, and the real estate markets in Canada. If you are…
Bank of Canada Keeps Overnight Lending Rate Steady
Bank of Canada announced today that they would keep the overnight lending rate at 1%. Projections that Prime would increase in mid 2015 are now being postponed by another 6…
Wood frame or concrete?
Shopping for a home and don’t know if you want wood frame or concrete? What is the difference and would it really matter to you? Wood frame buildings are usually…
Fixed or Variable Mortgage Rates?
Many people are faced with this decision when purchasing and obtaining a mortgage for their home. Each have their own pros and cons and each are suitable for the right…
Top 10 mortgage mistakes in Canada
Some mistakes can and should be avoided especially if they end up costing you lots of cash. Mortgage mistakes fall in that category, as the amount on any mortgage borrowed…
How comparing mortgage rates in Canada can save you lots of cash
Many people simply sign over the dotted line when their current mortgage lender sends them their renewal. It is usually a simple letter that conveniently comes around about 6 months…
How to make the best of your home improvements
You’ve owned your home for a few years and perhaps it is starting to look a little outdated. Maybe you are going into a home that needs a little TLC…