12 Apr

First time Home buyer

General

Posted by: Zahra Modiri

Is this your first time buying a home? You may find this article interesting from my colleague Josee 8 CONSIDERATIONS FOR THE FIRST TIME HOME BUYER 1. Create yourself a Budget and stick to it, so you can keep your finances on track. Planning a budget will help you identify uneconomical expenditures and help you […]

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20 Mar

Homebuyers Action plan from the Government

General

Posted by: Zahra Modiri

Please see the new home buyers plan report from Dr. Sherry Cooper Dominion lending centre economist about CMHC came up with a new solution to help first time home buyers to be able to bring the monthly payment a little lower and help with the down payment.     Federal Budget 2019–Actions for Homebuyers In […]

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20 Mar

Borrowing is becoming faster than earning the money.

General

Posted by: Zahra Modiri

How Canadian are managing their debt? are we borrowing more than we are earning? see below CMHC report on Canadian’s debt. Statistics Canada says household debt grew faster than income in fourth-quarter There was roughly $1.79 in credit market debt for every dollar of household disposable income The Canadian Press · Posted: Mar 14, 2019 10:25 AM […]

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18 Mar

Who is the bad guy? Mortgage stress test?

General

Posted by: Zahra Modiri

see this interesting calculation from my colleague Kevin Carlson and how he simplified the stress test effect on your approval. Who is the bad guy? stress test? Ever since the federal government regulator, The Office of the Superintendent of Financial Institutions (or OSFI) brought in the Mortgage Stress Test, there has plenty of blame heaped […]

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13 Mar

BANK OF CANADA REDUCES PROSPECTS OF A RATE HIKE

General

Posted by: Zahra Modiri

read the most recent update about Canada’s economy wrote by Economic adviser of Dominion lending Centre Sherry Cooper. Seems our economy in first quarter of the 2019 is not very promising. BANK OF CANADA REDUCES PROSPECTS OF A RATE HIKE In a very dovish statement, the Bank of Canada acknowledged this morning that the slowdown […]

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12 Mar

Have you ever thought about making money with a Renovation project?

General

Posted by: Zahra Modiri

Great tips from our broker Nathan, RENOVATING? CONSIDER A REFINANCE PLUS IMPROVEMENTS Let’s take a closer look at how a Refinance Plus Improvements mortgage can get you the extra cash you need to get your renovations completed. The Standard Refinance An everyday refinance allows the home owner to access up to 80% of the fair […]

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