General Arman Sandhu 25 Apr
If you have a basement suite or rental property and you are currently looking for a tenant, there are some things to know! Whether this is your first tenant or you have other rental properties, it is a good idea to familiarize yourself with the specifics to ensure a harmonious tenancy. As always, your responsibility […]
Read MoreMortgage Tips Arman Sandhu 18 Apr
With the continued rise of inflation, interest rates and the overall cost of living, the uncertainty can be unnerving for many individuals. But don’t fret! We have some tips and suggestions to help you manage your financial stress and help you to power through these latest economic changes: Prioritize What You Can Control: It can be […]
Read MoreLatest News Arman Sandhu 11 Apr
TORONTO – The federal government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes. “Faced with a shortage of housing options and increasingly high rent and home prices, younger Canadians understandably feel like the deck is stacked against them,” Freeland said in a news release. “By extending amortization, monthly […]
Read MoreMortgage Tips Arman Sandhu 6 Apr
With the continued rise of inflation, interest rates and the overall cost of living, the uncertainty can be unnerving for many individuals. But don’t fret! We have some tips and suggestions to help you manage your financial stress and help you to power through these latest economic changes: Prioritize What You Can Control: It can be […]
Read MoreLatest News Arman Sandhu 29 Mar
Editor’s Note: On March 28, the CRA said bare trusts would be exempt from reporting requirements for the 2023 tax year unless the agency makes a direct request for these filings. If you have a joint bank account or you co-signed a mortgage, you might be part of something called a “bare trust” agreement that […]
Read MoreGeneral Arman Sandhu 22 Mar
Technology is constantly evolving and adapting to our needs as a society and individuals. One of these exciting developments has been the creation and evolution of smart homes. WHAT IS A SMART HOME? A smart home is any home where the homeowners are able to control thermostats, lighting, appliances and other devices remotely over the […]
Read MoreLatest News Arman Sandhu 15 Mar
Not long ago, the standard issue five-year fixed was Canada’s mortgage term of choice. It sold more than any other term by a long-shot. Then came COVID-19. Suddenly, floating rates were diving below fixed rates, and borrowers were boarding the variable train. That train got derailed as prime rates spiked 475 basis points in 17 months, but five-year fixed […]
Read MoreLatest News Arman Sandhu 8 Mar
The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts in the coming months. The central bank is widely expected to continue holding its key interest rate at five per cent on Wednesday, as many forecasters anticipate the […]
Read MoreMortgage Tips Arman Sandhu 1 Mar
“New Year, new you” may be a cliché but it is for a reason! The New Year always has us thinking about where we are now, and where we want to end up. When it comes to your personal goals, a review of your finances and estate should be at the top of your list. […]
Read MoreMortgage Tips Arman Sandhu 23 Feb
Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your choice of amortization period, it will affect how quickly you become mortgage-free as well as how much interest you pay over the lifetime of your mortgage (a longer lifetime equals more interest, whereas a […]
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