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Recent Posts

4 Questions to Ask About Your Credit When Buying a Home

  1. What is a credit score and how do lenders use them?

    A credit score is a three digit number calculated from your data-rich credit report and is one factor used by lenders to determine your creditworthiness for a mortgage or loan. Your score can affect whether or not you are approved, as well as what interest rate you are charged.

How to Save for a Down Payment

A common problem many soon-to-be home buyers have is that they have the will to buy, but not the means. If you’re looking to buy but don’t have enough saved up for a down payment, try these tips that are sure to help grow your bank account.

New Decade, New Goals!

Welcome 2020 with goals you can achieve

It’s that time of year again - a time of fresh starts and good intentions. This month we're talking about setting financial goals and the benefits of doing so. Whether you want to get your debt load under control, save up for a down payment, or want to finally set a family budget and really stick to it, I want to help. Our team will be providing a few tips that can help achieve those financial New Year’s (or New Decade) Goals. Sorry, we can’t help you with losing weight, finding your dream job or that special someone, but get your financial house in order and you never know what else might come your way.

Everything You Need to Know About Canada's First-Time Home Buyer Incentive in BC

The First-Time Home Buyer Incentive is a federal program introduced in the 2019 budget as part of the National Housing Strategy. It is a shared equity mortgage with the Government of Canada, with the goal of reducing your monthly mortgage payment. In the examples provided by CMHC and the scenarios we've run, you can expect your monthly payment to be lowered by $100-$200 versus borrowing the full mortgage amount from a lender. Applications are open as of September 2, 2019.

Federal Budget 2019 Offers Help For First Time Home Buyers

In the Housing section of Canada's federal budget released on March 19, 2019, the greatest emphasis is on the affordability of housing for first time home buyers. First, the straight-forward news: effective this year, the Home Buyers' Plan that allows Canadians to withdraw funds from their RRSP to buy a home will be increased to a limit of $35,000. If you've been diligent in using this saving product, it could work to your advantage when it's time for your down payment.

Find Financial Flexibility With an Interest-Only Mortgage

Are you looking for a mortgage that will give you flexibility with your finances, have lower payments during the term, and provide you with extra monthly cash flow?

Are Rental Suites Still Mortgage Helpers?

As the price of property in Canada has continued to rise, many home buyers have turned to purchasing a house with a rental suite to help with mortgage payments. Over the past few years, we've worked with many folks who were only able to qualify for a mortgage if they had rental income to supplement their household earnings. But if you're planning on your tenant completely taking care of your mortgage payments, is that really the case?