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Interest Rates on the Rise?

Interest Rates on the Rise?

There has been speculation that Canadian interest rates are not done rising yet – and some say they will keep rising until 2020.

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Legalization and Landlords

Legalization and Landlords

With cannabis legalization in Canada coming into effect on October 17, 2018, many landlords are wondering about their rights as landlords and how the legalization will affect their rental property investments.

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How long does it take to save a down payment, when earning minimum wage?

How long does it take to save a down payment, when earning minimum wage?

Getting into home ownership has never been tougher than it is today. With the qualifying rate over 2% higher and with the additional stress tests, it’s no surprise anyone earning near minimum wage would feel that the idea of home ownership is impossible.

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Reverse Mortgages

Reverse Mortgages

With mortgage guidelines getting stricter over the past year, it has opened a wave of interest for different types of mortgages – including what’s known as a reverse mortgage.

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Fixed vs Variable

Fixed vs Variable

When obtaining a mortgage, there is always the question of a fixed or variable interest rate. There are pros to cons to both types, which we will explore below.

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What the Chattel!?

What the Chattel!?

When you are selling or buying a home, you inadvertently come across chattels in the purchase and sale agreement. Chattels can complicate a purchase or sale depending on the agreement and how it is set out by the REALTOR®.

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Should you buy the fixer upper?

Should you buy the fixer upper?

When it comes time to purchasing a home, do you choose the more expensive but brand-new home– or do you go for that fixer upper with the potential to become your dream home? In order to make this important decision, you will need to consider if renovations are a fit for you on a variety of levels, from budget to the unexpected.

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How to Use Prepayments to Be Mortgage Free

How to Use Prepayments to Be Mortgage Free

Using mortgage prepayment options can drastically reduce the total amount of money you spend on your mortgage – and shorten the time it takes to pay it down! If you follow these three steps, you can be mortgage free sooner than ever!

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Alternative Lending

Alternative Lending

With mortgage regulations ever-changing and becoming more stringent on borrower qualification, more and more Canadians are finding it harder to qualify for a traditional mortgage. Consumers who do not qualify for a traditional mortgage are increasingly turning to alternative lenders for their borrowing needs.

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All About Appraisals

All About Appraisals

What is an appraisal? Simply put: an appraisal is a professional’s opinion on the true market value of your home. Banks use appraisals, and so do home owners during the process of buying, selling or refinancing a home.

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