There are 9 million Millennials in Canada, representing more than 25 percent of the population. Born between 1980 and 1999, the eldest are in the early stages of their careers, forming households and buying their first homes. Buying a home is a daunting process for anyone, but especially so for the first-time home buyer. This is the largest and most important financial decision you will ever make and it should be done with the appropriate investment in time and energy. Making the effort to be financially literate will save you thousands of dollars and assure you make the right decisions…
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TOP 5 THINGS MILLENNIALS SHOULD KNOW WHEN BUYING REAL ESTATE
Categories: accredited mortgage professional , Broker , Dominion Lending Centre , Housing Payments , Lifestyle budget , Millennials , Mortgage , Mortgage Broker , Mortgage Calculator , Mortgage Rate , Moving Expenses , New Home , pre-approved
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U-Haul’s Migration Trend Report
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
Did you know that U-Haul releases an annual report which details the previous year's highest growth markets? The cities are calculated by the net gain of arriving one-way U-Haul trucks over departing one-way U-Haul trucks for a calendar year. The data is compiled from more than...
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Documents You Will Need When Applying For A Mortgage
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
You're thinking about buying a home, which means you'll most likely be in the market for a mortgage. As with any large financial transaction, there is a lot of paperwork involved. Below is a list of the standard documentation you'll need to provide.
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Moving Day Is Coming! Have You Backed Up Your Tech?
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
You’ve bought new home and there are a million things swirling in your mind to prepare as the closing day countdown ticks away. The normal hassles of changing your mailing address, canceling utilities and setting them up at the new place.
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First Quarter News From CMHC
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
Part I - Hiking Rates
For the third time in four years, the Canada Mortgage and Housing Corporation (CMHC) recently announced it will again increase mortgage insurance premiums, which would average an additional $5 per month ($60/year) for the typical insured mortgage.
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Vancouver’s New Foreign Buyer Tax and Regulations
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
In July 2016, BC's government unexpectedly mandated a 15% tax on any foreign national buying real estate in Metro Vancouver. This maneuver was to put a major speed bump on the steady flow of offshore money (mainly Chinese), streaming into the province, which bore the brunt of the blame for Vancouver's record high real estate last year.
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A Year In Review and Looking Ahead To 2017
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
As we enter into 2017, we take a look back at major headlines in 2016 and projections for what might lay ahead for Canadians in the next 12 months.
New Mortgage Rules
Last October, Canada's Federal Finance Minister made an announcement that would affect those trying to qualify for a mortgage as of November 30, 2016. In the past, borrower's could qualify for a mortgage based on discounted rates.
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Prepayment Privileges–What You Need To Know
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
A mortgage is a considerable financial investment for anyone. It is likely one of the biggest investments an individual will make in their lifetime and there are many aspects to consider to ensure that your type of mortgage is the right one for you.
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Getting Into Investment Properties Things You Should Know
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
If you've ever thought about trying to make more money, the idea of making an investment has probably crossed your mind. Perhaps you've thought about getting into real estate, as investing in property could potentially offer the perfect opportunity to expand your income.
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Should You Move Or Turn Your Current Home Into Your Dream Home?
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
No matter what kind of home you live in, it's probably safe to assume that you want it to be as close to your taste as possible, which is often more difficult than it sounds.
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Don’t Forget About The Closing Costs!
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
For anyone who wants to earn a little extra money on the side, real estate can offer the perfect opportunity. No matter what level of experience you have in this area, chances are you can make a decent side profit from real estate.
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Mortgage Apps Yay or Nay?
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
When it comes to securing a mortgage, it can be a tricky process. Anyone who has ever gone through it will know that there is a huge amount to take into consideration. Getting a decent mortgage is, for the most part, a process of figuring out every detail as fully as possible.
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Variable Rate Mortgage Versus Closed Mortgage – What’s Right For You
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
For potential homeowners, arranging to pay the deposit is only half the battle. Then, they need to think about the different types of mortgage and what’s best for their specific buying situation.
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Mortgage Qualification Changes
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
Mortgage Qualification Changes
Finance Minister Bill Morneau had announced on Monday October 3, 2016 sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low interest rates.
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Four Major Changes to Canada’s Housing Rules- October 2016
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
Make sure to come in and speak with one of our Mortgage Experts about how the new changes might impact you!
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Fun Facts About Calgary, Canada
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
Calgary, Canada's energy capital, is a gorgeous city located in Alberta. It’s in the top five largest cities within the whole of Canada.
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Best Cities to Live in Canada 2016
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
With excellent healthcare and a stable economy, Canada is one of the best places to live in the world. It has a diverse climate and plenty of amazing natural sights to see. Plus, the standard of living in Canada is rated as one of the highest on the planet.
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Most Expensive & Least Expensive Housing Markets in Canada
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
The housing market in Canada is very stable. However, prices can fluctuate depending on the region being looked at. To help make some sense out of everything, here are the most and least expensive housing markets in Canada:
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Is Buying A Home a Smart Investment In Today’s Economy?
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
For many people, property investment - or buying a home - is seen as a necessity. Everyone is told that it makes sense to own a home, rather than rent one.
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Is a CHIP Reverse Mortgage Right For You? What You Need To Know
Categories: Commercial Mortgage , Debt Consolidation , First Time Home Buyer Mortgage , Home Construction Loans , Mortgage Broker , Mortgage Calculator , Mortgage Companies , Mortgage Refinancing , Mortgage Renewal , New Construction Mortgage , Spousal Buyouts
The mortgage market is flooded with dozens and dozens of products, each with their own set of pros and cons.
It’s actually rather daunting to sift through them all - which deal is right for you? Am I missing out on something better?