News

Variable VS Fixed Mortgage Rates – Which Should You Choose?

October 7, 2024

As interest rates have fallen consistently over the last few months, many homeowners and buyers ask an important question: should I choose a fixed or variable rate mortgage? Let’s break down what’s driving these rate changes and what you should consider when making your decision. Why Are Interest Rates Falling?…

New Rules for Canadian Mortgage Amortizations!

Jason Scott

September 30, 2024

Mortgages

There is big news for Canadian homebuyers: the federal government has expanded access to the 30-year amortization for those putting down less than 20%. Previously, the longer amortization option was only available to first-time buyers purchasing newly built homes. Now, the rules are more accessible – read on or watch…

What Canada’s Higher Insured Mortgage Limits Mean for You

Jason Scott

September 23, 2024

Mortgages

The Canadian government has announced big news regarding first-time homebuyers and insurance limits. This announcement may impact your ability to purchase a home with less than a 20% down payment. Higher Maximum Purchase Price for Low Down Payments The federal government increased the maximum purchase price for homes that qualify…

How a Legal Basement Suite Can Help You Qualify for a Mortgage

Jason Scott

September 16, 2024

Mortgages

These days, many people look for creative ways to qualify for their mortgage, and one popular strategy is to buy a home with a legal basement suite. Whether it’s a new home or an existing property, having a legal suite can make a big difference when it comes to qualifying…

Do You NEED 20% Down for Your Next Home?

Jason Scott

September 9, 2024

Mortgages

There’s a common misconception that every home purchase requires a 20% down payment. While it’s ideal to have a larger down payment as you move up the property ladder as you age, the reality is that you can still buy a home with less than 20% down – even if…

Can You Still Get a Mortgage With Bad Credit?

Jason Scott

September 4, 2024

Mortgages

Many people obsess over their credit scores when it comes to getting a mortgage. While having a high score is great, if your score is over 700, it doesn’t really matter whether it’s 710 or 820! The real challenge starts to arise when your credit score drops below 650, and…

The Impact of Bank of Canada Rate Cuts on Fixed Mortgage Rates

Mr. Bongo

August 27, 2024

Mortgages

Recent rate cuts by the Bank of Canada have sparked a lot of excitement, and many people assume that fixed mortgage rates will drop accordingly. However, the relationship between the Bank of Canada’s key lending rate and fixed mortgage rates isn’t as straightforward as it seems. In this blog, I’ll…

The Hidden Costs of 30-Year Amortizations

Jason Scott

August 19, 2024

Mortgages, Purchasing a new home

Recently, I discussed the return of 30-year amortizations for first-time buyers purchasing a brand-new home. While this change might seem like a great way to make homeownership more accessible, it’s important to understand the drawbacks before jumping in. Check out my video for more information: The Upsides and Downsides of…

What the Bank of Canada Rate Cuts Mean For You

Mr. Bongo

August 12, 2024

Mortgages, Purchasing a new home

The Bank of Canada recently dropped their key lending rate in July… Before you get too excited, it’s important to understand what these rate cuts really mean for you as a homebuyer. The Reality Behind Rate Cuts Rate cuts generate excitement, especially after the significant rate increases we’ve seen in…

30 Year Amortizations Are Back – Here Are the Conditions!

Jason Scott

August 2, 2024

Mortgages, Purchasing a new home

Since August 1st, 30-year amortizations have made a comeback in Canada! However, there are a few important details you need to be aware of. Who Qualifies for a 30-Year Amortization? 30-year amortizations are only available to first-time homebuyers who have less than 20% for a down payment. Also, it’s only…

News

Variable VS Fixed Mortgage Rates – Which Should You Choose?

New Rules for Canadian Mortgage Amortizations!

What Canada’s Higher Insured Mortgage Limits Mean for You

How a Legal Basement Suite Can Help You Qualify for a Mortgage

Do You NEED 20% Down for Your Next Home?

Can You Still Get a Mortgage With Bad Credit?

The Impact of Bank of Canada Rate Cuts on Fixed Mortgage Rates

The Hidden Costs of 30-Year Amortizations

What the Bank of Canada Rate Cuts Mean For You

30 Year Amortizations Are Back – Here Are the Conditions!

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