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.
Oct 15 2020
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.
Sep 15 2020
Buying your first home can be confusing. When we talk about qualifying for your mortgage, we mean looking at the ratio of your debt vs. your income and seeing whether you will realistically be able to make mortgage payments.
When the real estate market is hot, there is a lot of pressure to make quick decisions. If you're worried about missing out in a bidding war or are motivated to move, it can be tempting to go in subject-free so that your offer stands out. But what if your dream home turns out to be a nightmare? Without conditions, you might be stuck with very few options to end the contract.
As part of the State of Emergency in BC declared as a result of the COVID-19 pandemic the provincial government brought into effect a Residential Tenancy Order on March 30, 2020. This order details changes that apply to landlords and tenants with respect to rent, evictions, and access to the rental property. We've compiled what you need to know as a landlord about these changes.
Jun 10 2020
A friendly reminder from your Auxilium Mortgage Team as property tax time approaches!
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.