Helpful tips for investing in Real Estate
Posted on May 07, 2019
Why are you buying this property?There are three main reasons to invest in real estate in the Vancouver area: owning a property as an investment, generating a source of income and speculating for a quick win. Timing is everything when it comes to speculation. If you are lucky to catch the market in an upswing you’ll make some easy cash, however, in...
Yes, You Can Sell Your Pool Property in The Off Season
Posted on May 07, 2019
Selling a property with a pool attached to it does not have to be a total loss, you also don’t need to wait until May to put the property on the market to accompany the gorgeous spring and summer weather. There are a few ways to maximize the emotional value of your summer backyard and playground, even if there are leaves covering the pool or it is...
3 Common Mistakes New Home Buyers Make
Posted on May 07, 2019
Not Taking Advantage of Government ProgramsWhile most Canadians would like to own a home, one of the biggest hurdles is often coming up with a down payment. To help encourage home ownership, the government offers the Home Buyer’s Plan (HBP). Under the HBP, first time home owners can borrow up to $25,000 tax-free from their Registered Retirement Sav...
Rising Mortgage Rates with the Big Banks and What It Means To You
Posted on May 07, 2019
Four of Canada’s Big Six banks have now raised their posted mortgage rates. TD started off this round of rate increases two weeks ago by raising its various mortgage terms, including an astounding 45-bps increase to its 5-year fixed rate, which jumped from 5.14% to 5.59%. RBC, National Bank of Canada and CIBC have since followed suit, raising rates...5 Things to Consider When Refinancing
Posted on May 07, 2019
Buying your first home can be an exciting and stressful time, but when it comes to refinancing their mortgage it can be a very nerve-racking time. Below are five things you need to know when it comes to refinancing your mortgage. Take Advantage of Low Interest Rates
Homeowners refinance their mortgage for many reasons. But most homeowners refinance...
Using a Mortgage Calculator
Posted on May 07, 2019
Mortgage Calculators are great tools that help give you a snapshot of what you will be paying each month to finance your home. These calculations will help you see how much your mortgage payments will be so you have an idea of how much to budget each month towards your payments.If you plan on using a mortgage calculator it is best to be honest and...