Why You Need a Mortgage Pre-Approval

Posted on Mar 09, 2021

When the time comes to purchase a home, one of the most common pieces of advice given to buyers is to get pre-approved for a mortgage before beginning your search. Unfortunately, prospective buyers who are in a hurry to purchase may view the mortgage pre-approval process as tedious or something that can be postponed until after they find the right...

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Don't Make These Rookie Mistakes When Buying a Home

Posted on Mar 01, 2021

Buying a home is a significant and sometimes overwhelming endeavour. Cutting corners can be tempting, particularly in time spent doing your research. However, dedicating time to these steps will give you the best understanding of your options, so you owe it to yourself to do so.

Research your Agent and Lender

All agents and lenders are not alike. Don...

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 Why 2021 is the BEST time to buy a CONDO!

Posted on Jan 13, 2021

Do your 2021 goals include the purchase of a new home? Now may be the ideal time to get into the market.

Condo prices have been on a steady decline over the past 12 months creating opportunities for buyers looking to purchase and move in this year. The average cost of a condo in the 416 is currently $625,828, down 2.26% from November 2020 and 4.63...

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Revised CMHC Guidelines

Posted on Jun 10, 2020


As you may have heard, CMHC (Canadian Mortgage & Housing Corporation) has announced that they will be changing the eligibility rules for mortgage insurance as of July 1st. Before we get into what this means, please keep in mind that this is an independent decision by the CMHC and not directed by the Canadian Finance Minister. The CMHC is one of thr...

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How Much is a Down Payment on a House?

Posted on Jun 10, 2020


What is a Down Payment?

A down payment is the amount of money that you put towards the purchase of a home. The down payment is deducted from the purchase price of your home. Your mortgage loan will cover the rest of the price of the home.

How is a Down Payment Calculated?

The minimum amount you’ll need for your down payment depends on the purchase pri...

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Real Estate Terminology 101

Posted on Jun 03, 2020


Thinking of jumping into the real estate market?  Take a minute to familiarize yourself with these terms, every industry has its own jargon, and real estate is no different.

From adjustable-rate mortgages to title insurance to amortization, it can be a bit overwhelming for first-time buyers or those who haven’t moved in a while. But don’t worry—we’ve...

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