First Time Home Buyer

With the Home Buyers Plan (HBP), you can use the funds you’ve accumulated in your Registered Retirement Savings Plan (RRSP) tax-free to purchase your first house. Sounds too good to be true, right? Well, almost. There are conditions and rules involved in using your RRSP to buy a house, but overall it’s a pretty great […]

As house prices stay quite high, many Canadians find it more challenging to save for a mortgage down payment. The Canadian government came up with initiatives to make homeownership more affordable. One way the government decided to tackle the housing crisis is through the First Home Savings Account (FHSA) that was put in place in […]

In Canada, mortgages are a popular way for people to afford their dream homes. However, when it comes to choosing between insured and uninsured mortgages, many Canadians find themselves at a crossroads. Each option has its own advantages and disadvantages, making it crucial for potential homeowners to understand the differences before making a decision. Understanding […]

One of the most expensive purchases most Canadians will ever make is buying a house. Having a mortgage is a huge responsibility and expense. Despite the large sum you’ll pay, there isn’t a money-back guarantee or return policy in the housing market. That’s why it’s so important to get a home inspection.  Since a lot […]

Are you considering owning a house in Canada in 2022? Then you’ll want to read this guide. In this guide we’ll go over all the things you’ll want to do to prepare yourself for homeownership in 2022. There are a lot of things to consider: home insurance, mortgage approval, closing costs, and more . Since […]

Considering the state of Canada’s booming real estate market, you’ll need a mortgage if you wish to purchase property. However, tight budgets and low wages can make it difficult to qualify for a mortgage with a high principal. With a shaky credit score, you’ll have a tough time securing a mortgage, leading to additional financial […]

Buying your own home is an exciting and potentially worthwhile investment, especially considering the rising cost of rental property in most Canadian cities. Buying a home is, for most Canadians, a long-term investment in the future. So, it’s crucial to have a clear understanding of what’s happening in the Canadian real estate market, and what […]

Buying a house is a huge, complicated decision. The prices can be mind-boggling, the process is confusing, and many people don’t even know where to start. Even after saving their money and researching mortgages, homebuyers often forget one key expense: closing costs. During a real estate sale, closing costs are the expenses that are incurred […]

Before you start house-hunting, first you need a mortgage pre-approval. It might sound a little backwards but there’s a reason you need one before you do anything else. Applying for a mortgage pre-approval is like asking your lender to go steady. It’s kind of a big deal. If you want a mortgage lender to swipe […]

Buying your first home is a huge milestone worth being proud of. For many Canadians, owning a home is a big life achievement that comes with many incredible benefits. Homeownership allows you to build home equity, so it’s a great way to build personal wealth. Besides, it gives you the pride that comes with owning […]

Choosing between fixed and variable mortgages is a decision that will affect you for many years to come, so it’s best to take your time to understand the pros and cons of each option. Making the right choice can help you save money in the long term and meet your goals. In this article, we […]

Are you torn between renting vs buying a home? There’s a dangerous idea in society today that owning a home means you’re financially stable. Many people in their 30s and 40s have even stated that they often feel reluctant to tell people they rent for fear of being judged. For generations, we’ve been taught that […]