Mark and Sarah were a fairly typical couple when we met them 5 years ago. He worked in the trades, while she was in customer service, both with full time hours and a steady household income. They were moving from a condo to a family home, and everything went smoothly through their mortgage process.
Jun 04 2019
May 08 2019
Balance Risk, Return, and Rental Properties
When we originally met Stuart and Evelyn, they were looking for help to buy their first home, which included a suite they could rent as a mortgage helper. They had managed to save quite a large down payment, and so only needed a low loan-to-value mortgage to complete their purchase. Stuart and Evelyn were happy when we secured them a 5-year variable mortgage that offered an amazing starting rate. As with all of our variable mortgage clients, we promised to stay in touch if the prime interest rate rose at a faster pace than fixed mortgage rates.
May 08 2019
Looking for a way to celebrate a great test score, a successful report card, or yet another school year? Investing in your child’s future with an RESP can be a wonderful way to show them how much you value their work and give them more opportunities to succeed in the future.
Apr 03 2019
Have you ever thought about what you would do if you experienced a critical health event – and then survived? Medical advances have greatly improved the chances of surviving a critical illness, and you should be able to focus on your recovery in the period of time that follows. That's where Critical Illness Insurance comes in as part of your overall financial plan.
Apr 03 2019
A Rent-To-Own Agreement In Trouble
Several years ago, Drew and Lori entered into a rent-to-own housing arrangement. They had been working on rebuilding their credit after a series of professional setbacks and a family medical emergency racked up their debt.
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.
Mar 08 2019
It's a sober truth that people who smoke are more likely to have ongoing health problems and a shorter lifespan than non-smokers, making them more of an insurance risk. As a result, life insurance for smokers comes with higher premiums. This can lead to smokers being uninsured or under-insured compared to the average Canadian.