Canadian Home Sales Begin to Slow in March
Canadian home sales begin to slow in March 2020 Real estate sales reported by the Canadian Real Estate Association (CREA), Canada’s largest real estate association, have continued to drop, dropping an additional 12.6% from March in April of this year. The report released this month shows that housing activity (how many homes are for sale […]
Canadian Inflation Spikes to 6.7% in March
Canadian Inflation is at 6.7% StatsCanada just announced that consumer prices rose by 6.7% year-over-year in March which represents a full percentage point increase from their previous reading of 5.7% in February. Consistent with this, markets are pricing in a 50/50 chance another 25 basis points will be added to the overnight rate at the Bank […]
What are the most frequently used mortgage jargons by the professionals?
What is mortgage jargons? Mortgage jargons is the technical terms used by the mortgage industry. They are used to generally described the terms of the loan. With the help of proper jargons, you can provide the accurate information to your customers that help them to understand the loan process effectively. Some of the mortgage jargons […]
What are the benefits of home ownership?
So, you have decided to buy a new home – congratulations! This is a great step towards ensuring your future. Main financial benefits of home ownership There are some amazing benefits of home ownership that we think you should be aware of right out of the gate: If you are looking for savings, one of […]
10 Mortgage Mistakes to Avoid
No matter how many times we’ve moved in our lives, arriving at a new home is always exciting; but it seems even more fun when it’s a mortgage that you’re about to close on! Make sure there are no loose ends and everything goes smoothly by reviewing the following tips before your closing date. If […]
Factors That Affect Your Mortgage Rates
What affects your mortgage rates Mortgages can be confusing, especially since there are so many things to consider. There is one particular detail that tends to get swept under the rug and that’s what factors an interest rate is based on. Interest rates are also sometimes called the Annual Percentage Rate, or APR for short, […]
What is the required credit score for first mortgage
The Credit Challenge For most people, credit score isn’t something that is of utmost importance. They pay their bills on time and just get by with whatever is convenient for them. If you are someone who gets paid well then you can sometimes get away with this “fast and easy going” lifestyle. But, in situations […]
Options and Considerations While Buying Investment Properties in Vancouver
Investment Properties In Vancouver When an individual or couple decides that it’s time to acquire two homes instead of just one, it’s something to be celebrated. Trying to secure the future for ones loved ones is always an honorable goal. However, before a person or couple rushes into this decision (especially those who are new […]
How to Have a Relaxing Retirement
Predicting the future and how retirement help Thinking about retirement before it arrives is actually a really great idea. While seeking the advice of an expert like a retirement planner can be helpful, there are a few things you should begin thinking about at this point and just continue to seek information from professional investors […]
Bank of Canada Starts Interest Rate Hike of 25 basis point
Bank of Canada Starts Hiking Rates, Signalling More To Come The Bank of Canada is going to keep raising their overnight interest rate levels as they become more confident in the Canadian economy. Hikes are expected from time to time, but not this soon after the last one! This is the first increase in 2019. […]
5 Reasons to get a Home Inspection when purchasing a home
Why to get a home inspection ? While home inspections may not be the most fun portion of your home buying journey, they are essential and help prevent you from making a purchase that could potentially burden or damage your wallet or health in the long-term. In a competitive housing market, there can be pressure […]
What is the minimum down payment to purchase a home
What is a minimum down payment ? A down payment is a portion of the cost of purchasing a home that is paid prior to borrowing the remaining portion. A lender may have some loan products available where they’ll allow this initial difference in payment to be used toward future higher payments. It’s similar to […]