There’s never been a better time to own a home. Homeowners are enjoying record low mortgage rates. It’s not that hard to find a mortgage rate below 3 percent on a 5-year mortgage. While low mortgage rates are good news if you’re looking to pay down your mortgage sooner, if you need to break your […]
Why Big Banks Fixed Mortgage Rates = Huge Mortgage Penalties Read More »
The Actual ‘Inside Scoop’ on CMHC Secondary Suites – And what it means to investors and home buyers! On July 23rd of 2015, CMHC announced changes to its policies regarding the treatment of rental income for borrower qualification purposes. There seemed to be a lot of confusion about the exact details so I reached out to
CMHC Secondary Suite Program Helps R/E Investors & Home-Buyers Qualify for Mortgages Read More »
This entry was posted in Investing In Real Estate, Mortgage Articles, Real Estate Investing and tagged Canadian real estate, Foreign ownership on August 19, 2015 by CR. Investing In Real Estate, Mortgage Articles, Real Estate Investing With home prices reaching the stratosphere in red-hot markets like Toronto and Vancouver, the single-detached family home is becoming
Limiting Foreign Ownership of Canadian Real Estate… is Just Crazy! Read More »
Buying a decent-sized property in Canada’s most expensive housing markets can be tough, even for the affluent. Home prices in Toronto and Vancouver have been heading upward with no end in sight. Although the Bank of Canada lowering the overnight lending rate last month helped lower mortgage rates, you may still have a tough time
CMHC Second Suite Program – Relaxed Rules for Rental Income on Mortgage Applications Read More »
If you thought interest rates couldn’t get any lower, you’d be wrong (for the record – I was one of them). With the Bank of Canada cutting the overnight lending rate for the second time this year, it looks like the low interest rate environment is here to stay for the foreseeable future. So one
Why borrowing to invest makes sense right now! Read More »
Last week we took a look at three simple ways you can invest in real estate. This week we take it a step further by looking at two more ways to invest in real estate. With real estate providing double-digit returns in cities like Toronto and Vancouver, it’s not hard to see why many investors
Real Estate Investing – Part 2 Read More »
Rental Properties While the Alberta economy is struggling to adjust from boom to bust, Alberta’s housing market has yet to feel the effects of low oil prices. The landlord charges enough rent to cover the monthly costs, including mortgage, property taxes, utilities, maintenance and repairs. Owning a rental property is a business, so ideally you’ll
Real Estate Investing – Part 1 Read More »
Statistics Canada released its latest GDP numbers. To say they aren’t pretty would be the understatement of the century. The Canadian economy shrank by 0.6 percent in the first quarter of 2015. The numbers are even worse than the Bank of Canada had forecasted. Our central bank had forecasted growth of 0 percent for the
Dismal GDP Numbers: What They Mean for Homebuyers Read More »
Are you up to your ears in debt? If you’re financially disciplined and have a plan, there are ways to pay off your debt sooner. By only paying the minimum on your outstanding debt, especially credit cards, it could take you year s and cost you thousands in interest. Two popular debt repayment strategies include
How to Pay Off Debts Fast Read More »
With the spring housing market in full bloom and summer just around the corner, it’s the perfect time to buy a home. Despite skyrocketing real estate prices in the most sought-after housing markets like Calgary, Toronto and Vancouver, mortgage rates have never been more affordable. Today you can find a variable rate mortgage at the