Real Estate

steps to purchasing a home

The Steps to Purchasing a Home

Buying a home will most likely be the most expensive decision you make in our lives so it shouldn’t be taken lightly. I find it absolutely amazing how some people will spend hundreds of thousands of dollars, possibly even up to a million dollars without giving some serious thought about it. Way too often some of…

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The Best Time to buy a Home in Toronto

The Best Time to buy a Home

With the cost of real estate at record highs in Canada, you’d be forgiven if you decided to sit on the sidelines. No one can predict what will happens with prices, but what we can do is be smart about how much money we borrow. Buying a home will be the largest purchase of your…

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What is a mortgage amortization?

The Difference Between Mortgage Amortization and Term

Turns out 2015 wasn’t the year for rising interest rates, in fact we ended up having 2 interest rate cuts. With rates being so low and expected changes to the Home Buyer Plan, many Canadians might be ready to buy in the new year. Low interest rates can be a bit deceiving since home ownership may…

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The overlooked costs of buying a home include property taxes

Overlooked Costs of Buying a Home

With only 5% required for a down payment and banks practically giving away money, many people are rushing out to find their dream home. But are you really ready to buy a home? Have you considered all the costs of buying a home? Many of those extra costs don’t show up in affordability calculators so be prepared…

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Must have insurance

5 Must Have Insurance Policies

Insurance is a must in many cases but some of us choose to do without it since the monthly premium cuts into our bottom line. This is a huge mistake, having the right insurance should be part of our financial plans, but what is considered must have insurance? Insurance policies everyone should own Life insurance – I’ve…

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What’s Up With The Canadian Economy?

I’m not sure if you’ve been paying attention but the Canadian economy has been making a ton of headlines. These stories have been so big that they are making the front pages of newspapers and leading newscasts on TV. The average person probably doesn’t keep up with news in general but here’s a few things that…

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What Do Property Taxes Pay For?

Tonight a new Mayor of Toronto will be named. The campaign has been long and I can’t wait for it to end and for the city to move forward from it’s troubled reputation. Many voters have complained about increasing property taxes with one candidate promising to cut them if elected. Of course these same people who complain…

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7 Ways To Pay Off Your Mortgage Faster

Yikes, fewer Canadians are paying off their mortgages faster according to a poll done by CIBC.  Only 55% of us with mortgages plan to make extra payments compared to 68% polled last year. Okay I suppose it’s possible that homeowners are taking advantage of the low interest rates and we’re investing their extra money instead of…

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Canadian Housing: What we should know

A couple days ago I talked about Canadian housing premiums and the cost of life when purchasing a home.  A few of the points I brought up should have been obvious but the reality is many of us really are stuck in the monthly payment trap. I have no real answer when it comes to home…

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Canadian Housing premiums and the cost of life

A weird thing happened a few weeks ago, journalist were told in advance of a major announcement coming from the Canada Mortgage and Housing Corporation (CMHC).  We were all excited, what would this announcement be? We were hearing rumours that CMHC could become privatized or the minimum down payment for getting a mortgage would be…

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