Real Estate
What is a Cash Back Mortgage?
The idea behind a cash back mortgage is simple: when you purchase a home and your mortgage closes, the lender advances you an extra lump sum of money in the form of a ‘cash back.’…
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…
What are Closing Costs in Canada?
You may think when you finally get the keys to your brand new home you’re finished with the upfront costs. But there’s one last set of bills to pay – namely, the closing costs. Here’s…
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…
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,…
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…
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…
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…
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…
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…