To paraphrase an old real estate saying – the three most important factors for a stress-free and smooth move are: Planning, Planning, and more Planning. Plan your move at least one month in advance. Set up an expense log, and start lining up your suppliers – movers, storage companies, delivery of new appliances or furniture. […]
Even with today’s very affordable mortgage rates, First-time buyers in particular are finding they have to make adjustments as they plan for their dream of home-ownership.
When you buy a home, there are two very distinct types of mortgage insurance that may come into play – one is Mortgage Loan Insurance and the other is Mortgage Life Insurance. Even the names sound similar, but these two types of coverage have completely different purposes and benefits. Unfortunately, consumers sometimes confuse the two. […]
As more and more Canadians reach the point in their lives where they have paid off their mortgage, or have greater financial resources, their thoughts may turn to buying a vacation property. Demand for summer cottages or year-round vacation homes has increased over the years. What was once a relatively low cost alternative to an […]
Rob Carrick is one of my favourite financial columnists and in his article Variable-rate still the cheaper mortgage option from yesterday’s Globe and Mail he solidifies a belief that I have long had, that maintaining a variable rate mortgage is the cheapest option in the long run. Although we are currently experiencing a period where […]
On June 21st, Canada’s federal government announced a further tightening of Canadian mortgage regulations effective July 9th. In the announcement, Finance Minister Jim Flaherty stated that the new regulations were introduced “to keep the housing market strong, and help to ensure households do not become overextended.”