General Mark Goode 21 Jun
One of the biggest benefits to purchasing your own home is the ability to build equity in your property. This equity can come in handy down the line for refinancing, renovations, or taking out additional loans – such as a second mortgage. So, what exactly is a second mortgage? First things first, a second mortgage […]
Read MoreGeneral Mark Goode 8 Jun
Having the biggest and best home on the block sounds great – but not if it is at the expense of your life and monthly finances! Be smart about your budget and avoid buying a home at the very top of your pre-approval value, which might lead to cash flow issues and being “house […]
Read MoreGeneral Mark Goode 1 Jun
Are you looking to upgrade your home? With warmer weather and extended sunlight hours, spring is the perfect time to give your home a bit of extra TLC. Here are five renovation projects you can do this spring that can increase your home’s appeal, inside and out: 1. Repave your driveway. You may have noticed that […]
Read MoreGeneral Mark Goode 25 May
New to mortgages? Have questions but not sure where to start? We have the answers! What is the best interest rate I can qualify for? Your credit score plays a big role in the interest rate you can qualify for. The riskier you appear as a borrower, the higher your rate will be. While it […]
Read MoreGeneral Mark Goode 21 Apr
The first-time homebuyer incentive program is a shared-equity mortgage with the Canadian government that helps qualified first-time buyers reduce their monthly mortgage payments to better afford a home! The Incentive: This program allows you to obtain an incentive from the government to assist with your down payment, thereby lowering your overall mortgage amount and, […]
Read MoreGeneral Mark Goode 14 Apr
Approximately 20% of Canadians are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. Qualifying for a Mortgage In order to obtain a mortgage as […]
Read MoreGeneral Mark Goode 6 Apr
Prospective homebuyers wanting to take advantage of the federal government’s new Tax-Free Savings Account will have to wait longer. This new tax free savings account wont be available until later this year. All of the Big 6 banks confirmed to CMT that they weren’t in a position to offer the new account when it […]
Read MoreGeneral Mark Goode 31 Mar
As promised, there would be nothing much in this year’s budget for fear of stimulating inflation. The federal government faces a challenging fiscal environment and a weakening economy. Ottawa promised it would err on the side of restraint. Instead, Finance Minister Chrystia Freeland announced a $43 billion increase in net new government spending […]
Read MoreGeneral Mark Goode 24 Mar
Further decline in inflation in February will keep the bank of Canada on hold in April. All eyes will be on the Federal Reserve tomorrow when they decide whether to hold rates steady because of the banking crisis or raise the overnight rate by 25 basis points (bps). Before the run on Silicon Valley Bank, […]
Read MoreGeneral Mark Goode 15 Mar
While Toronto has seen a significant dip in home prices as borrowing costs have gone up over the past year, other places in Ontario are seeing an even more dramatic drop according to a new report released Monday. The report, from economists at financial services company Desjardins, examined the Ontario housing market in the context […]
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