Real Estate

What do condo fees cover

What do Condo Fees Cover?

If you’re thinking about buying a condominium, you’ve probably asked what do condo fees cover? Generally speaking, condo fees (or strata fees) cover building maintenance, amenities, and utilities. Some people think condo fees are a rip-off,…

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Lotly Investing review

Lotly Investing Review

Real estate has been a popular investment option for years. However, as the cost of homes skyrocket across Canada, many Canadians struggle to afford a single home to live in. This means that for the…

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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 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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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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What is a High-Ratio Mortgage

What is a High-Ratio Mortgage?

Do you know what is a high-ratio mortgage? Buying a home in Canada is a huge expense, especially in cities such as Toronto and Vancouver. Saving up for a down payment can take a lot…

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How to renew a mortgage

How to Renew a Mortgage | Save by shopping around

Knowing how to renew a mortgage is essential as a homeowner since you’ll likely do it multiple times. Similar to your first mortgage, You’ll have different options available to help you save money when it comes…

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