There’s a lot of conversation again about where interest rates could be headed and I thought it made sense to write out my thoughts. The Bank of Canada is watching higher gas and energy prices and what they could mean for inflation. Does that mean rates are definitely going up?...
Category: Home Purchase
First-Time Home Buying Incentive – Ending March 31st
This Government incentive which was introduced in 2019 is coming to an end, sadly it did not help most home buyers as they did not meet the program qualifications. The Canadian Mortgage and Housing Corporation (CMHC), a federal national housing agency, has ceased offering its down payment incentive for first-time...
Understanding the FHSA – First Home Savings Account
Securing a place to call your own is a dream that's becoming more attainable, even in the face of rising housing costs, inflation, and higher interest rates. The First Home Savings Account (FHSA) has emerged as a beacon of hope for prospective first-time homebuyers. This innovative tax-free registered plan empowers...
7 Tips While you Wait for your Keys
Here are 7 important tips to remember while you wait for the keys to your new home or for your mortgage refinance to fund: Employment: Your mortgage was approved based on your current employment details, now is not the time to accept a new position in a new company and resign....