Blogs

Diversifying A Rental Portfolio for Retirement Planning

Mortgage Solutions That Help You Stay On Track

When we first met Eleanor and Jason, they were a young couple buying their first condo together. Fast-forward 5 years to their mortgage renewal date, and a lot had changed in their world. Eleanor had started a new job several months prior to the renewal, and the couple had just gotten married. They were carrying a bit of debt from the wedding, and also wanted to save for the future so they could move into a single-family home.

A Mortgage Refinance Was The Key To Lifting A Weight Off Her Shoulders

When Janet bought her condo several years ago, the unit was definitely a fixer-upper. It needed new windows and updates to the bathroom and kitchen, which she did soon after taking possession. However, shortly after her closing date the strata decided the whole building needed work and put a special levy into place – which included the replacement of the windows throughout the building. Although Janet had replaced the windows in her unit on her own and the strata wouldn't be doing additional work for her unit, she still had to pay the levy and was not given any reimbursement.

From Mortgage Emergency To Happy Homeowner

Whether it's a weekend getaway or a longer holiday, your vacation is a time to explore new places, make new friends, and create amazing memories. But when you get back home, you want it to be the same as you left it. Every year people find their properties damaged by accident or through break-ins taking advantage of an empty house. Following these 5 tips will help make sure you return to your home sweet home with no worries.

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.

When we first met Shane and Emily, they were living in military housing but were ready to buy a home in Victoria. They were referred to us through their realtor, and we were able to work with them through a relatively straightforward deal to finance their purchase.