Blog
Understanding the 5 Types of Insurance Involved in Home-ownership
Let’s be honest—insurance isn’t fun to pay for. Whether it’s home, auto, or life insurance, it can feel like every time you turn around, another premium is due. I feel it too. It’s frustrating. But here’s the truth: insurance exists...
The Bank of Canada, Rate Cuts, and Adjustable Mortgages
The Bank of Canada has decreased its overnight lending rate by 25 basis points. This is the first decrease we’ve seen since March. It seems that since COVID, everyone has become an expert on the Bank of Canada, but let’s...
Jacquie’s thoughts on mortgage rates
Segment title: Long-time client, first-time reader/listener Right now, things feel a little confusing. There’s a lot going on because mortgage rates in Canada aren’t driven solely by the Canadian economy. Fixed rates, for instance, are influenced by the Government of Canada...
30 Year Amortization for First Time Homebuyers
For many Canadians, owning a home feels increasingly out of reach. One potential solution that’s gaining attention is the option for a 30-year mortgage amortization. But what does this mean for you? What Is a 30-Year Amortization? A mortgage amortization period...
Property Tax Information Sheet
Property taxes are a MAJOR monthly expense for all homeowners. The collection and portion of monthly property taxes is out of our control but we have outlined below several payment options for your review: OPTION #1 - The Pre-authorized Debit...
What To Expect At The Lawyers Office
The costs associated with buying a home. Legal Fee: $1100.00 and upDisbursements: $450.00 - approx. These are expenses that the lawyer pays on your behalf, e.g., courier.Land Transfer Tax: $ (To be confirmed by the lawyer)Document Registration: $142.60 approximatelyTitle Insurance:...
Understanding The BoC & Prime Rate
Ok, more rate chat to clear up confusion - When the Bank of Canada lowers their rate, this is not a consumer rate - Read on for my response to a client email. From the client: Hi, It’s us again....
What Does It Mean to Be a Co-Signer for a Mortgage?
A co-signer can be the key to helping someone achieve homeownership when they don’t meet the necessary requirements on their own. Understanding what it means to be a co-signer and the implications involved is essential before committing to this responsibility....
Let’s Talk Mortgage Rates: Why Are Fixed Rates Going Up While the Bank of Canada Is Cutting Rates?
Wait, what? The Bank of Canada is lowering rates, but fixed mortgage rates are still on the rise? It seems like a contradiction. If you’re wondering how that’s possible, you’re in the right place. In this blog post, we’re pulling...
