WARNING: Buying a new house or a condo from the developer’s sales office is always very exciting, but if you are not very familiar with the whole process, it might cost you THOUSANDS of $$$ and many legal problems. Remember that the new development sale offices are established by the developer, and the agents working there are…
As Canada’s housing market continues to grapple with affordability issues, innovative solutions are emerging to help homeowners maximize their property value and cash flow. One such strategy gaining traction is the construction of laneway houses—small, secondary homes built on the same lot as a primary residence, often facing a back lane or alley. This approach…
Buying a first home is a big financial milestone—and for many, it’s also a challenge to save enough for the down payment. Rising home prices and borrowing costs have turned down payments into a serious financial challenge for many Canadians. Fortunately, if you and your partner each have $75,000 saved, you’re already on the path…
Canada’s housing market has taken investors on a ride over the past few years. After a brutal slowdown in 2023 and early 2024, things seemed to be turning a corner in late 2024—sales were surging, interest rates were finally coming down, and confidence was returning. But just when it looked like the rebound was here…
BRRRR isn’t driven by emotion—it’s powered by math. From acquisition to refinance, your success hinges on a few essential formulas. Mastering these numbers helps you evaluate deals confidently, avoid overpaying, and stay on track to hit your returns. Let’s break down the BRRRR math that separates good investors from lucky ones. 1. The 70% Rule (Buy…
When shopping for mortgages, you’re likely to come across terms like insured, insurable, and uninsured mortgages. These classifications impact the type of property you can purchase, how much you need for a down payment, and the interest rates available to you. Let’s break down what these terms mean, their requirements, and examples to clarify how…
Understand your housing options, choose your priorities and select your homebuying professionals. Think long term when buying a home. What kind of home do you need now? What will you need in 5 to 10 years? Consider: COMMON TYPES OF HOMEOWNERSHIP Options vary slightly between provinces, but you can choose between the following ownership types in Canada:…
How to calculate how much you’re spending now, what you can afford and your future expenses. Are you financially ready to own a home? Look into these 5 calculations and questions before you meet with your broker or lender. QUALIFYING FOR A MORTGAGE There are 2 affordability rules that determine how much you can spend on housing without…
Alternative payment arrangements when facing financial difficulties. Unforeseen financial circumstances happen. Sometimes, they affect your ability to make regular mortgage payments. The good thing is that you have options. It’s important for you to take quick action quickly. If you can’t pay your mortgage, you need to get in touch with your mortgage professional at…
Use these tips and resources to ensure you get the most out of life – and home – as you age in place. Housing options for seniors Canada has a variety of housing options to fit different needs and budgets. Canada has many housing options available for seniors that suit a wide range of budgets,…