Kam Brar

Recent Posts

OSFI Changes Stress Test for Uninsured Mortgages in 2021

What Is Changing For Uninsured Mortgages?

The proposed qualifying rate for uninsured mortgages will be the higher of:

Everything You Need to Know About the BC Speculation and Vacancy Tax in 2021

The Speculation and Vacancy Tax (SVT) was introduced by the B.C. government in 2018 as part of the plan to address affordable housing. Property owners must make a declaration by March 31, 2021 for their 2020 tax status.

To buy or not to buy your first home in 2021? That is the question!

These days that's the million dollar question – quite literally in Victoria and the Greater Vancouver areas. Buying a house, especially your first home, is a major decision. Auxilium Mortgage owner Kam Brar looks at some of the factors you should consider if you decide to buy property in 2021.

Self-employment and Qualifying for Your Mortgage

Self-Employed Header

Whether you call it your gig, side-hustle or passion project, the number of people in Canada who are self-employed is on the rise. When you're focused on building your business, home ownership can seem like a challenge. While it's true that qualifying for a mortgage when you're self-employed is different from a regular employee, our team is here to walk you through the options with mortgage lenders and insurers.

Insured & Insurable Mortgage Qualifying Changes Coming July 1, 2020

The Canadian Mortgage and Housing Corporation (CMHC) has announced 3 major changes to the way that mortgage applications for insured & insurable files will be assessed. If you are planning to buy a home with less than 20% of the purchase price as a down payment, these qualifying rules will affect you.

Mortgage Solutions for your Covid-19 Cash Crunch

As BC moves into Phase 2 of the province's COVID-19 restart plan, the Auxilium Team is here to assist with solutions that work during these difficult times. The reality is that borrowing funds through your mortgage remains one of the lowest-cost options available to homeowners.

Should I Defer My Mortgage Payments?

Difficulties in making mortgage payments can come up at any time as a result of a family income reduction, unexpected expense, or job loss. Mortgage deferrals have been launched into the spotlight as a result of the COVID-19 pandemic, but unfortunately there's no single answer or solution for everyone. It's important to understand whether deferring your mortgage payments is the right option for you – and what the consequences may be.