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Canada’s Renter Bill of Rights Update: Impact of Rent Payments on Credit Scores Explained
Understanding the Potential Benefits & Challenges of the New Credit Score Integration for Renters In a bold move to reshape the Canadian housing market landscape, the government has proposed a ...
10 Real Estate & Financing Challenges – When to Consider a Private Mortgage Solution
Buying a New Home Before Selling? The Dilemma of an Unsold Property Note to our reader: For client privacy, the names of the subjects in this story have been changed ...
Bank of Canada Rate Hike Announcement
After the January 24, 2024 meeting, the Bank of Canada maintained its overnight rate for the fourth time in succession. It appears we really have hit the ceiling of rate ...
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Economic Forecast: National Bank’s Inflation Predictions an...
National Bank of Canada's latest forecast suggests that Canada's headline inflation may reach the neutral target of 2% by this summer, a year ahead of the Bank of Canada's projections ...
Insights from StatCan: Renting in Canada and Its Impact on Life S...
Recent findings from Statistics Canada's 2021-2022 Canadian Social Survey shed light on the broader implications of renting in Canada, revealing that the challenges extend beyond financial burdens to encompass overall ...
Convenience at Your Fingertips: Introducing Toronto’s New P...
Exciting news for Toronto residents as the City of Toronto unveils its latest offering – the Pre-Authorized Tax Payment Program. With this innovative program, paying your taxes just got easier ...
Extension of Foreign Buyer Ban on Mississauga Real Estate
Recent news of the extension of the foreign buyer ban on real estate has left Mississauga residents pondering its implications on the local housing market. On Sunday, February 4th, the ...
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Can You Be Denied A Mortgage Renewal? Mortgage Renewal Advice Fro...
Canada's mortgage stress test and a new international accounting standard -- IFSR 9 -- are creating tremendous uncertainty for mortgage ...
Buying a Home After a Consumer Proposal
Buying a home after a consumer proposal is a real possibility, but you must prepare for the credit history challenge ...
Alternative Mortgage Lenders Explained
The media paints alternative lenders as shadowy, less-than-reputable lenders who prey on desperate homebuyers. We look at the important role ...
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Give your kids an inheritance with warm hands
Almost 5% of clients aged 55 and over arrange reverse mortgages as a way to gift money to their adult children. These days the ...
Ten Facts About Reverse Mortgages
Ten facts about reverse mortgages. As more seniors look to this type of financing to help their adult children as well as finance their ...
Mortgage Portability Can Be A Borrower’s Lifeline
A portable mortgage has an option that allows the borrower to transfer the mortgage to a new property. This allows you to avoid prepayment ...
Interest Adjustment Date Explanation
When you close your purchase mid-month, you might have to prepay a few days’ interest on your closing date— it’s called the interest adjustment, ...
Remove Co-Signer From Mortgage
Some people use a co-signer to obtain a mortgage. Being a co-signer can adversely affect your own mortgage prospects. A reader writes in because ...
Repair Bad Credit For Future Mortgage
This is the story of a home buyer who had no credit history at all at the time she made her home purchase. This ...
Two Credit Cards Are Better Than One
It is important to exercise all your credit cards from time to time, if your goal is to optimize your credit score for prospective ...
What If Your Appraisal Comes In Too Low
Some buyers are being pressured to limit (or even eliminate) conditions in their offer to purchase these days. If you are going to need ...
What If Your Appraisal Reveals Problems
This year we have seen several instances where appraisals played a key role in determining the success of a purchase offer. Today I will ...
Explain Mortgage Amortization Period And Term
Mortgage professionals often fall into the trap of presuming knowledge and understanding of our terminology that simply isn’t there – especially with first time ...
Tenants Need Good Credit Too
If you have rented an apartment in the past, you know that landlords typically ask you about your credit history. Tenants need a good credit ...
How To Stand Out From Other Rental Applicants
Natasha Taylor breaks down why renting a place to live is not something you can afford to take a casual approach to. She treats ...
Fixed or Variable Rate Mortgage?
For many years, the winning move has been to select a variable rate mortgage over a fixed rate mortgage. The rate is typically lower; ...
First Time Buyers Can Borrow Down Payment
Published: • More And More First Time Homebuyers Don't Have A Down Payment This spring we are meeting more and more first time buyers ...
Assignment Of Purchase May Mean Difficult Mortgage
It has been fashionable for some speculators and investors to flip their right to purchase a builder property prior to completion. This is called ...
Offer To Purchase In a Competitive Situation
To win in a competitive situation (which is what the listing agent is trying to achieve by having a set date to receive offers), ...
Rebuild Credit Well Before Buying A Home
If buying a home is in your plans, you need to ensure your personal credit history is the best it can be, well in ...
Don’t listen to interest rate predictions
Personally, I don’t put much stock in predictions, no one has a crystal ball. I accept interest rates will be higher in my lifetime, ...
Fulfill your mortgage conditions as soon as possible
Every mortgage comes with conditions of financing. If your conditions are not all satisfied completely by two weeks before the closing date, some lenders ...
Condos Are The New Starter Home
So much has happened since we first wrote this article in 2014. Condos did become starter homes, and in big cities like Toronto and ...