Below you'll find a list of all posts that have been tagged as “Mortgage”
Toronto landlords with vacant units could enjoy as much as an 11% hike in rent this year. That’s according to Rentals.ca’s National Rent Report, which only studied empty units and also forecasted that rents nationwide would increase 6% in 2019. The research shows that renters’ preference remains for newer, lavish units, which typify condo rentals. The primary reason for the double-digit market rental hike …
Buying a home can be a very overwhelming experience, but if you are prepared and have contracted the right advisors, it can be a smooth and enjoyable process. What to do when you’re a first-time home-buyer: 1. Get pre-approved. Getting pre-approved for a mortgage is an important first step in the home-buying process. You don’t want to start house-hunting and …
The Bank of Canada left its interest rate unchanged at 1.75% on Wednesday, January 9th, as the sharp decline in oil prices temporarily dims its economic outlook for the coming months. “The drop in global oil prices has a material impact on the Canadian outlook, resulting in lower terms of trade and national income,” the bank said in a statement. …
According to a CIBC poll, 1 in 4 Canadians are focussing on paying down their debts in 2019 as interest rates rise. Results of the survey found that 29% of respondents increased their amount of debt in 2018. This increase was due to the following: Day-to-day Items – 34% Purchasing a New Vehicle – 24% Paying for a Home Repair …
A brightly coloured front door adds a fun pop of colour to any home and instantly gives it an extra touch of personality and curb appeal. One would assume that those confident homeowners happen to love that certain colour, and painting their entire home green, bright blue, or in this case red, would be just a bit too much. But, …
The experience was terrific. Leo always answered his cellphone or very quickly returned my calls. He made this adventure for me a very calm one. He answered all my questions, was very reassuring and listened to all my concerns. He knew what questions to ask, which answer to give and related to experiences which made me feel very comfortable. Leo …
It is always a shame when you hear about someone having a huge financial surprise on the day of closing. On the day you are making the biggest purchase of your life, many forget to calculate all of the other expenses that are to be paid on closing. These expenses will not be rolled into your mortgage, so be sure …
Starting October 1, 2018, it will be easier for the self-employed to qualify for a mortgage. CMHC just announced it’s giving lenders more guidance and flexibility to help self-employed borrowers. The move is designed to assist self-employed Canadians who may have a harder time qualifying for a mortgage as their incomes may vary or be less predictable. CMHC is providing examples of factors …
