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 This outdated notion can prevent people from even considering homeownership.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 …
Owning a home is a major milestone, and for first-time buyers in Canada, there are a number of exciting benefits and new regulations that can make homeownership more accessible. If you’ve never owned a home or haven’t lived in one you or your spouse/common-law partner owned in the last four years, these incentives could be …
Exciting Benefits and New Mortgage Rules for First-Time Home Buyers in Canada Read More »
Are you dreaming of a home that fits your style perfectly but can’t find one on the market? The good news is, you don’t have to settle for “almost perfect.” As a mortgage broker, I’m excited to share how you can transform a home that needs a little TLC into your dream house using the …
How to Use the Purchase Plus Improvements Mortgage to Create Your Dream Home Read More »
I’m excited to announce a new mortgage product that’s set to be a game-changer for homeowners. If you’re looking to buy a property and plan to add an income suite, you can now use future rental income to qualify for a larger mortgage! This opens up more possibilities for your home purchase and investment strategy. …
Exciting New Mortgage Product: Use Future Rental Income to Qualify for More! Read More »
The Canadian mortgage landscape is evolving, and exciting changes are on the horizon. Effective December 15th, new mortgage rules will be implemented that could open the doors for both first-time homebuyers and those looking to invest in new builds. These updates have the potential to make homeownership more accessible and affordable. Let me break down …
New Canadian Mortgage Rules for 2024: What Homebuyers Need to Know Read More »
On September 4th, the Bank of Canada (BoC) announced a significant change: the Prime rate has been lowered by 0.25%. While this may seem like a small adjustment, it’s a move with big implications for homeowners, borrowers, and the Canadian economy. The Bank Prime rate, which reached a peak of 7.2% in May 2024, is …
Exciting News: The Bank of Canada Lowers Prime Rate! Read More »