New First Time Home Buyers Program

On September 2nd, 2019 the Government of Canada is introducing a new program to help first time home buyers save on their monthly mortgage payments. This new equity sharing program is designed for first time home buyers across Canada. There is still more information that needs to be released but this is what we know … Continue reading New First Time Home Buyers Program

Pre-Approved and Pre-Qualified – Know the Difference

When you start looking for a mortgage, you will hear the terms pre-approved or pre-qualified. Although these terms are similar, there is one big difference. I recently had a client (lets call him Sam) come to me saying he was pre-approved with the bank for up to $300,000 but wanted to use me because my … Continue reading Pre-Approved and Pre-Qualified – Know the Difference

Bank of Canada Raises its Benchmark Rate

Last week the major banks all raised their posted rates which initiated an increase by the Bank of Canada on its Benchmark Rate. Effective today, the Bank of Canada has increased its Benchmark Rate from 5.14% to 5.34%. This rate is used as a 'Stress Test' on your mortgage application, it will not have any … Continue reading Bank of Canada Raises its Benchmark Rate

The Four Types of Insurance in a Home Purchase

When purchasing a home you are going to hear the word insurance a few times through your conversations with the people who are going to help you get into your home. It would be nice if we just had one insurance and that covered everything but that is not the case. There are four different … Continue reading The Four Types of Insurance in a Home Purchase

11 Questions To Ask Your Home Inspector

The purchase of a home is likely the largest financial expenditure you’ll ever make. And getting your home inspected is an essential step in the home-buying process. No one wants to buy a money pit – and once you have signed on the dotted line, there is no turning back. The best way to ensure … Continue reading 11 Questions To Ask Your Home Inspector