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.
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.
Recreational Vehicles such as Travel Trailers have come a long way from the old Tent Trailer of the 70s! These days, they are mini "homes on wheels" with many of the same comforts. And, just like a home, it's important to make sure your RV is properly insured.
Think Big This Spring!
Feb 07 2019