Real Estate

what is a trigger rate

What is a Trigger Rate and How to Avoid it

What is a trigger rate? It’s a question that many homeowners thought they’d never have to ask. However, since the Bank of Canada has steadily raised interest rates, it’s a topic that has crossed the minds…

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What is a variable rate mortgage

What is a Variable Rate Mortgage?

Do you know what is a variable rate mortgage? While it’s true that a variable rate mortgage is the opposite of a fixed rate mortgage, many people don’t realize that there are different types of…

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What is mortgage insurance in Canada

What is Mortgage Insurance in Canada?

Do you know what is mortgage insurance in Canada? It doesn’t matter if you’re a first-time home buyer or looking to upgrade. Some people will say mortgage insurance is a must, while others say it’s…

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First-Time Home Buyer Incentive

What is the First Time Home Buyer Incentive?

Have you wondered what is the First Time Home Buyer Incentive (FTHBI)? This new government program is meant to help you become a homeowner, but admittedly, it’s quite confusing. Essentially, it’ll help you reduce your…

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What is a Mortgage Pre-Approval

What is a Mortgage Pre-Approval?

If you are in the market to buy a new home, you’ll want to know what is a mortgage pre-approval. Essentially you can find out the what interest rate and how much you’ll be approved…

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How Much Mortgage can I Afford in Canada

How Much Mortgage Can I Afford in Canada?

If you’re looking to buy a home, the odds are you’ve asked yourself how much mortgage can I afford in Canada? This is an important question to ask since the amount of mortgage you’re approved…

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What is a vendor take back mortgage

What is a Vendor Take Back Mortgage?

With interest rates rising and the real estate market cooling, some buyers have found themselves in a tricky situation. They’re no longer able to get the mortgage they previously qualified for, which has left some…

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Cheapest Places to Live in Canada

30 Cheapest Places to Live in Canada

Are you curious about the cheapest places to live in Canada? Everyone wants to save money, so how do we do that? Well, there are a number of ways, but a big place to start…

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What is the First Home Savings Account

What is the Tax-Free First Home Savings Account? A detailed guide

What is the Tax-Free first home savings account (FHSA)? The FHSA is a new account that was introduced in the 2022 federal budget and is set to be available to Canadians in 2023. It basically…

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What is a home equity line of credit

What is a Home Equity Line of Credit?

Anyone who owns a home might want to know what is a home equity line of credit (HELOC). If you are looking to borrow some money for home improvement projects, large purchases, or another expense,…

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