by Kara Herbeson | Mar 3, 2023 | Blog, Homeownership, Mortgage
Are you worried about being turned down for a mortgage or not being able to renew with your existing lender? If so, you’re not alone. Mortgage qualification is more difficult right now due to higher interest rates and lower property values. Fortunately, mortgage...
by Kara Herbeson | Feb 3, 2023 | Blog, Finance, Homeownership
The federal government is providing a new tax credit to help make it easier for Canadians to care for adult relatives in their own homes. The multi-generational home renovation tax credit took effect January 1st for expenses related to building a secondary suite for a...
by Kara Herbeson | Dec 23, 2022 | Blog, Homeownership, Mortgage
There are many benefits to homeownership in any market. It’s important not to let the media tarnish your homeownership journey. And with average rent in Canada rising nearly 12% year-over-year in October 2022 to almost $2,000 – according to the National Rent Report –...
by Kara Herbeson | Nov 18, 2022 | Blog, Homeownership, Mortgage
In a rising rate environment like we’re currently experiencing, chances are you’ve heard the word “trigger” a lot lately, especially if you’re in a variable-rate mortgage.What’s a Trigger Rate? A mortgage is made up of two components: 1) Interest; and 2) Principal....
by Kara Herbeson | Nov 4, 2022 | Blog, Homeownership, Mortgage
While first-time homebuyers are often required by their lender to pay property taxes as part of their mortgage payments, many people continue to pay them like this throughout their time as mortgage holders. Once you’re no longer required to pay taxes with your...
by Kara Herbeson | Oct 21, 2022 | Blog, Homeownership, Mortgage
Rent-to-own programs enable borrowers to build equity in a specific property as tenants with an option to buy the property within an established timeframe – typically between one and five years. As with any program, it’s important to understand how it works before...
