More and more Canadians are taking the plunge into homeownership. Regardless of the type of property, you’re looking to purchase; the entire process can seem very daunting and most new home buyers are unsure where they should start. Whether you are buying your first...
Buying your first home is one of the most substantial investments you will make. With the recent revamp of Canada’s mortgage stress test, buying a home has become more accessible as a first-time homebuyer. Launched on September 2, 2019, the First-Time Home Buyers...
By the year 2050, almost 20% of the population will be over the age of 65. One out of every three households will be lead by a senior citizen. This significant increase will have large impacts on the way people live, shop, and entertain themselves. The demographic...
Sites like Airbnb and HomeAway have made it easy to turn your home into a vacation rental. Using your home as a vacation rental will allow you to maximize your investment in the property and bring in an additional source of income. The following information will help...
Three years ago, the Bank of Canada enacted the Mortgage Stress Test to assess whether a borrower could withstand higher interest rates while also trying to bring more balance to the country’s real estate market. The bank’s minimum mortgage qualifying rate has dropped...
