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…

 

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...

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Make sure to come in and speak with one of our Mortgage Experts about how the new changes might impact you!

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.

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.

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:

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.

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?