Buying a Home in 2022? Here's What You Need To Know.

Whether you're buying your first home or your next home, it's a major decision that has both emotional and financial considerations. While you will ultimately need to decide on your own whether you will buy a home in 2022, you should have a professional team on your side that will assist you in reaching your goals.

Splitting up? How do you divide the house?

There are a lot of reasons to buy a house with someone else. You could be:

  • buying a family home with your boyfriend/girlfriend or husband/wife;
  • co-signing for your grown son/daughter to assist them with their purchase;
  • investing with a sibling or friend so that you can both get a foot on the property ladder.

Whatever your situation, it represents a significant investment and financial commitment for everyone involved. So what happens when you want or need to divide the asset of your house?

Top 20 Factors That May Affect Your Mortgage Approval

If there's one thing our team of mortgage planners has learned from their years of experience, it's that no two mortgages are the same. Even if, on the surface, you think that your situation matches your neighbor, friend, co-worker or parent, it doesn't take much digging to start finding differences. Since you're not "just like Dave" why would your financing be the same? We believe that your mortgage solution should be as unique as you.

What kind of property is right for you?

When you're looking for your next home, it can be hard to know what the right property will be. It might seem as though every house you see has at least 1 deal-breaker that makes you hesitate to put in an offer. Or maybe those glossy new build brochures have you eyeing some upgrades and trying to figure out if they'll fit in your budget? While we can't give you a comprehensive guide to finding your perfect property, we can point out some of the pros and cons of each type, as well as some things to keep in mind for your mortgage financing.

Costs To Consider When Buying Your Home

Saving to buy a home is more than just putting together a down payment. Even though the down payment gets all the focus and planning, there are additional costs you'll incur and need to cover. We walk you through those other costs and fees, allowing you the opportunity to both plan for them and more importantly not be surprised by the actual amount needed to pay for them.

2021 Changes to BC Home Owner Grant Applications

New for 2021, applications for the BC Home Owner Grant must all be submitted directly to the province, either online or by phone. Your municipality can no longer accept your home owner grant application.

The Mortgage Stress Test Changes for EVERYONE on June 1, 2021

We originally let you know in April 2021 that the mortgage stress test was going to be increasing for uninsured mortgages. The Office of the Superintendent of Financial Institutions (OSFI) confirmed that as of June 1, 2021 all uninsured mortgages will be qualified at a minimum rate of 5.25%.