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Home Inspections

Home Inspections What are their purpose and why are they important? The purpose of a home inspection is to reveal any defects or flaws that a property has, so that potential buyers can make an informed decision and avoid costly surprises down the road. During an inspection, the inspector will investigate every room in the home to identify and assess possible underlying health and safety ...

Standard Charge VS Collateral Charge Mortgages

Standard Charge VS Collateral Charge Mortgages When you need a loan to purchase a property, your bank or lender will require security for repayment in the form of a charge that is registered at your provincial land registry office. This process secures the residential mortgage loan to your property, and gives your lender certain rights as it relates to the terms of your agreement. There are ...

The Prime Rate

The Prime Rate & Regulation Changes   In Canada, mortgages are directly impacted by the prime rate and mortgage regulations established by Government. In the last decade, a drastic drop in the prime rate, coupled with the introduction of new regulations, have enabled consumers to take on more manageable debt loads. The prime rate is the interest rate that commercial banks ...

Down Payments: 5% vs 20%

Down Payments: 5% vs 20%  When purchasing a home, one of the most important decisions you’ll make is the size of your down payment.  In Canada, the minimum amount required for any home purchase is 5% for an owner occupied home and 20% for a rental property.  Owner occupied homes with 20% or greater down payment do not require mortgage loan insurance.  Here are some ...

Thinking of Renting that Basement Suite? Tips for First-Time Landlords

Having a rental space in your home is a great mortgage helper as well as it also increases the value of your home.  Many people are unaware of the challenges that are generated by having a rental suite in their home.  Here are some tips and tricks to ensure you are equipped to handle your first tenant experience.  1. Consider your privacy.  Can you live with seeing a ...

CENTUM Canada founder accepts 2016 Canadian Franchise Association Hall of Fame Award

The Charlwood Pacific Group recognized with prestigious national award for supporting franchisee success   BC family owned and operated Charlwood Pacific Group (CPG), CENTUM Canada, master franchise holder of the CENTURY 21 brand in Canada and the Asia-Pacific regions, Real Property Management in Canada, and UNIGLOBE Travel International, has been awarded the Canadian Franchise Association’s ...

The new down payment rule: what changed on February 15

  On February 15, the Government of Canada effected a change to the rules for down payments. The change, which was officially announced on December 11, 2015, increases the minimum down payment for new insured mortgages from 5 per cent to 10 per cent, for the portion of the house price above $500,000. The change does not affect home owners who hold mortgages obtained prior to February ...
Tags: Mortgage

Our 2016 Pledge To You.

  For most people, the purchase of a home is the single largest financial investment they will make. This means that the process can be very stressful without the right support. As a consumer, you have a lot of options when it comes to selecting the right team of real estate and mortgage professionals.  Surrounding yourself with experts who understand the market and industry ...

The best gift for your Holidays? Keep your credit history in shape!

Winter has already hit Canada, and we are approaching the Holidays very quickly.  With Holidays come the purchasing of presents and quite often credit utilization. As credit history is one of several main components of a qualifying for a mortgage, budgeting for the Holidays and, furthermore, not maxing out your credit can avoid negative surprises in 2016.  While building a budget, ...

How to Prepare Your House for Sale

  Prepping and staging your home for sale takes time and energy. Here are some practical pointers to help you prepare your house for sale.   Depersonalize: When staging your home it’s all about the imagination of the buyer. You want to help them picture their life in your home. The fundamental statement you want a buyer to make is “I can see myself living here” ...
Tags: Housing
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Viewing All Posts. 105 Posts Found.
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