As inflation climbs and investment markets stay unpredictable, many Canadians in or near retirement are feeling the pinch. If you’re property-rich but cash-poor, or concerned about drawing down investments at market lows, you’re not alone. Whether you’re looking to stay in your home, help a family member buy theirs, or simply free up cash to enjoy life, …
Are you feeling stuck in a high-interest mortgage with years left on your term? Many homeowners assume they have no choice but to ride out their contract—unless they can afford to pay a hefty penalty upfront. But what if you could break free from that high rate without dipping into your savings? Enter the Cash Back …
Unlocking the Cash Back Mortgage Strategy: A Smart Way to Escape High Interest Rates Read More »
The Bank of Canada (BoC) has lowered its overnight lending rate by another 0.25%, bringing it down to 2.75%. This translates to a Bank Prime rate of 4.95%, affecting borrowers with variable-rate mortgages and lines of credit. If you have a variable mortgage, you typically secure a discount off Prime. For example, with a Prime -0.70% rate, your …
Mortgage Update: March 13, 2025 – Bank of Canada Lowers Rates Again Read More »
Investing in home renovations can be a game-changer when it comes to boosting your property’s value. Whether you’re planning to sell soon or simply want to enhance your home’s functionality and aesthetic appeal, strategic upgrades can yield a strong return on investment (ROI). For many homeowners, financing these renovations can be a significant concern. This …
4 Home Renovation Projects That Add the Most Value to Your Property Read More »
Choosing the right mortgage term is one of the most important decisions you’ll make when purchasing or refinancing your home. Your mortgage term doesn’t just determine how long you’re locked into your loan agreement; it also impacts your interest rates, monthly payments, and overall financial flexibility. In this blog, we’ll explore the key considerations when …
How to Pick the Right Mortgage Term: A Guide to Making the Best Choice Read More »
As the year comes to a close, many of us take stock of our lives and set goals for the year ahead. While physical health, career aspirations, and personal growth often top the list, financial health is just as crucial—and often overlooked. Whether you’re planning to purchase your first home, refinance your mortgage, or build …
How to Improve Your Financial Health for the Future Read More »
Are you dreaming of a home with more space, better amenities, or a location that suits your evolving lifestyle? The decision to move to a bigger or more suitable home is a significant milestone. While the idea of upgrading is exciting, it’s essential to ensure the timing is right—both emotionally and financially. As a mortgage …
How to Know When You’re Ready for a Home Upgrade Read More »
When it comes to buying a home, one of the biggest misconceptions is that you need a 20% down payment to get started. This outdated notion can prevent people from even considering homeownership. The truth? You may not need nearly that much, and in some cases, you could buy a home with as little as …
Debunking the 20% Down Payment Myth: What You Really Need to Know Read More »
As of November 21, 2024, Canada’s mortgage landscape just got a lot more flexible for homeowners. If you’re approaching your mortgage renewal and considering switching lenders, there’s some excellent news: you no longer need to pass the mortgage stress test when switching to a new lender — as long as your mortgage amount and amortization …
Great News for Mortgage Holders: You Can Shop Around Without the Stress Test Read More »
Buying a home is a thrilling journey, but let’s be honest—it can also be a whirlwind of emotions. Whether you’re a first-time home buyer or an experienced homeowner, the process can feel overwhelming at times, with ups and downs, excitement, and maybe even a few bumps in the road. I’ve been working with home buyers …