Today's budget announced a $10 billion package of proposals intended to reduce the cost of housing in Canada (see box below). The fundamental problem is insufficient supply to meet the demands of a rapidly growing population base. Thanks to the federal government's policy to rapidly increase immigration...
Spring is a great time to consider doing an annual mortgage check-in! Organizing a quick mortgage review each year can help provide peace of mind and ensure you’re on-track your future goals, while still ensuring you’re able to manage the monthly payments. With interest rates on the...
Refinancing your mortgage refers to the process of renegotiating your current mortgage agreement for a variety of reasons. Essentially, allowing you to pay off your existing loan and replace it with a new one that better suits your needs.When done properly, mortgage refinancing can result...
Spring is just around the corner! Some of you might be anxious to buy or sell this season, so let’s take a look at the trends for the upcoming Spring market. From a seller’s perspective, this is the best time to sell, with motivated buyers and...
Do you want to know how Canadians are feeling about debt after 19 months of pandemic living? How they feel about housing costs, inflation, or the K-shaped recovery? The Manulife Bank Debt survey, conducted in partnership with Ipsos, has the facts you need. You can find...
There are several programs available for first time home buyers. The most popular I would say is the Land Transfer Tax Rebate program. Homebuyers will receive a credit of up to $4,000 off the Land Transfer Tax fee. In Toronto where the tax is roughly double,...
This concept is based on paying off unsecured debts by increasing your mortgage.It will decrease the interest you are paying and reduce your monthly payments at the same time. You will have to have enough equity in your home to be able to do this.You...
If you have been affected by the pandemic or have a reduced income at the moment, first I would say to really watch your spending and be resourceful.Secondly, I would say to protect your credit rating at all costs, being late on payments will affect...