29 Jun

2022 PROPERTY TAX DUE DATE: MONDAY JULY 4, 2022

General

Posted by: Karli Shih

  The BC Home Owner Grant reduces the amount of property tax you pay for your principal residence. You must apply for the grant each year to be eligible.  Applying online is usually quick and easy.  Please see below for the link. If your lender is collecting a tax installment each month together with your mortgage […]

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1 Jun

Another Jumbo Rate Hike, Signalling More To Come 

General

Posted by: Karli Shih

  Another Jumbo Rate Hike, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points once again today, marking the third rate hike this year. The two back-to-back half-point increases are without precedent, but so were the dramatic pandemic rate cuts in […]

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18 May

Time to renew or make a change to your mortgage?

General

Posted by: Karli Shih

Although the process may be simple, simply renewing with your current lender may cost you.  Renewing your mortgage with another lender requires a new approval and can take time to process.  However, renewing with another lender may save you thousands of dollars over your next term.  Should you qualify, you may even save tens of […]

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12 May

Your Credit Score

General

Posted by: Karli Shih

Your credit score indicates to lenders whether or not you are a “good investment” by relaying how long you’ve had credit, your habits in paying back that credit, and how much you currently owe in total. Your credit score is affected by how much debt you’re carrying in relation to the limit of each account, […]

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4 May

What does it take to replace your windows?

General

Posted by: Karli Shih

  What’s involved in replacing the windows of a home? And what are the indications that you might need to replace yours?  Let’s take a look at some questions you might have. new home, old windows When you purchase a home, you receive a seller’s declaration. This is a document that contains all the information […]

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27 Apr

5 Tips for Staging Your Home Yourself

General

Posted by: Karli Shih

Getting a home ready for sale or lease is a big job on its own. For some, the thought of staging your home may be overwhelming. Realtors may offer this service as part of their package, but if not, don’t worry, it’s easy to do it yourself with a little inspiration. Beyond the basic advice […]

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13 Apr

The Bank of Canada has raised its key lending rate by 0.50%

General

Posted by: Karli Shih

How does this affect my mortgage?   If you don’t have a mortgage yet and are thinking of making a purchase in the next few months, please see below.   If you have a variable rate mortgage or home equity lines of credit (HELOC’s), either your monthly payment will increase, or more of the payment […]

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6 Apr

Renewing your Mortgage

General

Posted by: Karli Shih

  Did you know? Close to 70 percent of mortgages never make it to the end of their term. This means that, for a variety of reasons, homeowners are ending their mortgages early. However, that still leaves a solid 30 percent of home buyers who keep their mortgage until the term is up and it […]

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30 Mar

Staying out of the Penalty Box

General

Posted by: Karli Shih

When it comes to mortgages, it is easy to focus on rates and your current situation, but the reality is that life happens and when it does, rates won’t be the only thing that matter. First and foremost, the most important thing to remember is that a mortgage is a contract. That means that there […]

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9 Mar

5 Reasons to Invest in a Home Inspection

Mortgage Tips

Posted by: Karli Shih

While home inspections might not be the most exciting part of your home buying journey, they are extremely important and can save you money and a major headache in the long run.In a competitive housing market, there can sometimes be pressure to make an offer right away without conditions. However, no matter how competitive a […]

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