Looking to Buy or Sell your Home? These websites are a must. www.realtor.ca Typical commission paid is 2.5% of the selling price to the listing agent and 2.5% to the buyer’s agent. It is not uncommon for these commissions to be negotiated to something much less especially in a hot real estate market where properties […]

•For 2014, CMHC is reducing its annual issuance of portfolio insurance from $11 billion to $9 billion. •The Minister of Finance has reduced the amount of new guarantees that CMHC is authorized to provide under its 2014 securitization programs to $80 billion for market National Housing Act Mortgage Backed Securities and to $40 billion for […]

Finance Minister Jim Flaherty says it’s been a long road back from the Great Depression but it’s important to balance the books so Canada can weather future economic storms. He also says he knows the books could be balanced in fiscal 2014 but he thinks it’s important to keep back an emergency fund and have […]

Want to avoid the Rent Trap? 100% FINANCING with 5% CASH BACK @ 4.85% If you have excellent credit history and solid job stability – yet have been unable to build savings for a down payment? We can help stop the “Rent Trap”, We have the mortgage solution for you CRITERIA:  Applicable to income […]

There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional. While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada’s largest banks, credit unions, trust companies, and financial institutions; offering […]

A Type Cottage • Must Be 4 Season with year round access and permanent heat source • NO PRE APPROVALS • 95% Loan to value for purchase • 80% Loan to value for Refinance • Max Purchase Price 1M Insured • Conventional No Limit Provided Within Sliding Scale • No Stated Income • Non Insured […]

What’s a normal house temperature? CMHC randomly surveyed Canadian households. Thermostat settings in the winter tend to be quite closely grouped around 20°C – 21°C (68°F – 70°F). Summer temperatures range much more widely, depending upon whether the house has air conditioning. Where should I set the thermostat? The more you reduce the thermostat setting, […]

How do I ensure my credit score enables me to qualify for the best possible rate? There are several things you can do to ensure your credit remains in good standing. Following are five steps you can follow: 1) Pay down credit cards. This is the #1 way to increase your credit score. 2) Limit […]

The Business for Self (ALT A) product is unique in that the income stated by the borrower cannot be confirmed using traditional methods (previous years Notice of Assessments). As such, the product guidelines require that we assess the stated income for reasonability in relation to all other characteristics on the application such as borrower age, […]

ulti-unit rental properties, also known as triplex, four-plex and five-plex’s, are the more sought after properties by the average real estate investor and want-to-be real estate investors. When purchasing rental properties the more you put down the easier it is to make a profit and to qualify for the mortgage. However, at the same time […]