20 Sep

Canadian Inflation Slows For the Second Consecutive Month

General

Posted by: Karli Shih

Inflation Cooled Again in August, But Higher Rates Still Coming Canada’s headline inflation rate cooled again in August, even a bit more than expected. The consumer price index rose 7.0% from a year ago, down from 7.6% in July and a forty-year high of 8.1% in June, mainly on the back of lower gasoline prices. […]

Read More
14 Sep

Cash Back and Cash Back Mortgages  

General

Posted by: Karli Shih

Cash Back and Cash Back Mortgages   How do they Differ?   A “Cash Back” promotion is an offer of funds credited to you after your mortgage completes.  The funds are an incentive for borrowers to move lenders by offsetting the closing costs involved in transferring.  A Cash Back can in since cases impact the mortgage […]

Read More
7 Sep

Bank of Canada Hiked Rates Again

General

Posted by: Karli Shih

The Bank of Canada Hiked Rates Again And Isn’t Finished Yet   The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 75 basis points today to 3.25% and signalled that the policy rate would rise further. The Bank is also continuing its policy of quantitative tightening (QT), […]

Read More
31 Aug

Could an Investment Property Be Your Pension?

General

Posted by: Karli Shih

An investment or rental property can be a great option for generating additional monthly income and growing your wealth over time, if planned properly. This strategy has multiple options and outcomes that can benefit borrowers such as: Supplementing income now and boosting pension in the future, creating more financial freedom Allowing you to buy your […]

Read More
25 Aug

Pre-Construction / Pre-Sale Mortgages

General

Posted by: Karli Shih

  When you buy an existing property, securing a mortgage approval before you commit to actually proceeding with the purchase takes a few steps. First, you would enter into a conditional purchase agreement with the current owner or builder at an agreed upon purchase price. The agreement would include a subject to financing, giving you […]

Read More
17 Aug

Mandatory Waiting Period for Real Estate Purchases Coming in 2023

General

Posted by: Karli Shih

B.C. enhances consumer protection for homebuyers A new homebuyer protection period will protect people in B.C. looking to buy a home from being pressured into high-risk sales. The period is the first of its kind in Canada and marks the first key action the Province is taking based on the B.C. Financial Services Authority’s (BCFSA) report […]

Read More
9 Aug

Debt: To consolidate or not to consolidate? That is the question…

General

Posted by: Karli Shih

Debt: To consolidate or not to consolidate? That is the question…  If you are a Canadian living in debt, you are not alone. According to Statistics Canada: Household debt grew faster than income last year, with Canadians owing $1.83 for every dollar of household disposable income to debt(1) Canadian households use almost 13.48% of income […]

Read More
5 Aug

Variable Interest Rates and Payment Stability

General

Posted by: Karli Shih

Increasing Rates With the rapid increases in interest rates this year, borrowers with static payment variable rate mortgages (VRM) won’t see increases to their regular payments, but those with adjustable rate mortgages (ARM) will.  Both still have the certainty they won’t have higher penalties as they may if they had fixed rate mortgages, but only […]

Read More
27 Jul

Transform your vacation rental into a welcoming oasis, on a budget.

General

Posted by: Karli Shih

Transform your vacation rental into a welcoming oasis, on a budget. Are you dreaming of buying a vacation rental property, have just bought one, or are strongly considering it? If so, your mind is probably abuzz with design ideas and thoughtful touches you could add to the home. In order to make a rental property […]

Read More
20 Jul

How Bridge Financing Works

General

Posted by: Karli Shih

  How Bridge Financing Works. In life, things don’t always go as planned. This is especially true when it comes to real estate! When it comes to buying a new home, in a perfect world, most of us would like to take possession of their new residence before having to move out of the old […]

Read More
123