For new home buyers, the variety of mortgage types and nuances of each can be bewildering. Choosing the right type of mortgage can impact your payments in the short term. It can also impact your future finances by adding or saving thousands of dollars in interest over...
If you're buying your first house in today's super-hot housing market, figuring out how much you'll need for a down payment can be a source of concern. As home prices continue to climb in most parts of Canada, it can be discouraging to know that as you save, you still...
As of June 1, 2021, changes to Canada's mortgage approval criteria have taken effect. The updated “Stress Test” is an effort by government regulators to cool a super-hot housing market by making it more difficult for homebuyers to qualify for a mortgage. The mortgage...
When interest rates are at historic lows as they are now, where can you find stable investments with a reasonable rate of return? Where can you find an investment that has the potential to pay a steady income or one that can generate a big impact with relatively small...
If 2020 has taught us anything, it’s that things don’t always turn out the way we may expect. Making predictions for 2021 mortgage rates in the middle of a pandemic may be unwise due to the surprising twists and turns we have faced as a collective thus far, but I’ll...
Buying a rental property is a good investment for your future and a way to generate monthly income. Before purchasing your first investment property, it’s necessary to be aware of what you’re getting yourself into and how you can best navigate any obstacles that lay...
Owning a rental property can be a very profitable investment. It’s a way to build wealth over the long term, and can potentially provide regular income on a monthly basis. This all sounds great, right… but trust me, it's not for everyone. Start by asking yourself...
There is an ongoing debate as to whether it’s better to invest in a property that is set to appreciate in value or one that will provide a strong cash flow (monthly rental surplus after all expenses). While both sides have their pro’s and con’s, I think it’s most...
When buying an investment property, there are many different things to consider, such as location, cost, maintenance and how much money you make. But one thing you may overlook, especially if this is your first time purchasing an investment property, is the type of...