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...
by Kara Herbeson | Oct 7, 2022 | Blog, Homeownership, Mortgage
Whether you’re in the market for a mortgage on your new home or you’re looking to renew or refinance an existing mortgage, it’s important to work with a mortgage agent who has access to multiple lender types – including, banks, credit unions and monolines, as well as...
by Kara Herbeson | Sep 16, 2022 | Blog, Homeownership, Mortgage
The Bank of Canada (BoC) has raised its benchmark interest rate five consecutive times this year – most recently increasing 0.75% on September 7th. And while these increases are coming after years of historically low rates, some borrowers may be feeling the increases...
by Kara Herbeson | Jun 17, 2022 | Blog, Homeownership, Mortgage
As the number of Canadians living alone continues to rise and the average size of households shrinks, the idea of the “nuclear family” as the typical Canadian household isn’t as accurate as it has been in past decades. If you’re buying a home on your own and wish to...
by Kara Herbeson | Jun 3, 2022 | Blog, Economy, Homeownership, Mortgage
Over the past few years, house prices have seen staggering growth, rising significantly faster than average incomes and making the dream of homeownership increasingly difficult. Rising interest rates and relentless competition are also contributing to a sizzling...
by Kara Herbeson | May 20, 2022 | Blog, Homeownership, Mortgage
Buying a home can be challenging, especially when you’re saving up for a down payment based on higher property values in a hot market, as well as budgeting for closing costs, furniture, home improvements and so on. Fortunately, there were a number of new and renewed...
