All the documents you will need to qualify for a mortgage
You got your pre-approval, you picked out your first home at a builder’s sales centre, and now it’s time to get your mortgage. No big deal right? Think again. Depending on your financial situation and employment, it could be a challenge.
These 5 tips could save you hundreds of dollars a month
There’s no denying it, home prices are high in the Greater Toronto Area. It can make saving for a down payment pretty daunting, which is why we’re sharing a few money saving tips with you.
How to prepare for final closing on your pre-construction condo
Through the stages of development of your pre-construction condo, perhaps the most crucial is the transition from interim occupancy to final closing. The most important of the moving pieces to have in place during this transition is your financing.
The gig economy should change mortgage lending practices
The Canadian Real Estate Association launched REALideas recently in anticipation of the federal election. One of the points they made is that mortgage lending needs to be updated to better serve those participating in the gig economy.
Millennials more likely to fib on their mortgage application
Would you ever fib on a mortgage application? Have you ever? Findings from a new Equifax survey suggests that Canadian millennials are more willing to do so than the general population.
What your property taxes pay for in the City of Toronto
Property taxes can be confusing. Fortunately, the City of Toronto has a Property Tax Calculator that actually shows how your money is being distributed to various services and infrastructure developments and maintenance.
Should we be worried about the increase in mortgages with alternative lenders?
Government policy like the mortgage stress test was introduced to cool Canada’s housing market, which it did, but some buyers have decided to simply go a different route, and it could be bad for the overall health of the market.
Everything you need to know about Canada’s First-Time Home Buyer Incentive
If you’re a first-time buyer in Canada, you’ve likely been waiting for details on the federal government’s First-Time Home Buyer Incentive program. Well, the details are here, including a start date.
Canada creating a Real Estate Task Force to ensure tax-compliance
According to the government of Canada and the Canada Revenue Agency, tax non-compliance and money laundering can be a significant factor causing the rising cost of housing in the country’s hottest markets.
The mortgage stress test is flawed because it doesn't consider income growth
There’s a mortgage stress test duel underway, and the weapons of choice are reports and open letters. Who will win?
