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The Hidden Costs of 30-Year Amortizations

August 19, 2024

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…

Can You Roll Renovations into a Mortgage?

Jason Scott

July 15, 2024

Mortgages, Purchasing a new home

Many clients ask me if they can roll renovations into a mortgage. You can, with the Purchase Plus Improvements program. Let’s break down how this works and why it might be the perfect solution for you. The Purchase Plus Improvements Program The Purchase Plus Improvements program allows you to include…

Consider Buying Instead of Renting in Edmonton!

Jason Scott

July 8, 2024

Mortgages, Purchasing a new home

If you’re currently renting and your lease is about to end, you might have noticed that rental costs in Edmonton and the surrounding areas have skyrocketed. This trend has many renters considering whether it’s time to consider buying instead of renting a home. The Rising Cost of Renting in Edmonton…

How to use a cash back mortgage to manage debt

Managing Debt When Buying a Home

Jason Scott

July 1, 2024

Debt Reduction, Mortgages, Purchasing a new home

I would like to explain managing debt when buying a home. A common question I get from potential homebuyers is whether they can roll other debts into their mortgage when purchasing a home. Can You Roll Debts into a Mortgage? The short answer is no; you cannot directly roll other…

Navigating Edmonton’s Hot Housing Market!

Jason Scott

June 25, 2024

Mortgages, Purchasing a new home

Edmonton’s housing market is incredibly competitive right now, and it’s both exciting and frustrating for buyers and sellers. I’d like to share some critical insights to help you navigate the market, especially if you’re a buyer. Edmonton’s Current Market Edmonton’s housing market is hot – if you’re a seller, it’s…

New Amortization Rules for First-Time Home Buyers!

Jason Scott

June 17, 2024

Mortgages, Purchasing a new home

Exciting changes are coming for first-time home buyers starting in August. The federal government has announced that buyers of new build homes can now opt for a longer amortization period. Here’s how it could impact your home buying journey. Current Amortization Rules As it stands, if you’re putting down less…

How the RRSP Limit Increase Can Help First-Time Homebuyers

Jason Scott

June 10, 2024

Mortgages, Purchasing a new home

In April, the federal government announced their budget, which included a couple of things designed to aid first-time home buyers; here’s how it can help. Increased Allowable Limit for RRSP Withdrawals One significant change the federal government made is the increase in the allowable limit you can take from your…

Buying Vs. Renting (with a Pet)

Jason Scott

June 3, 2024

Mortgages, Purchasing a new home

This week, my 11-month-old blue healer puppy Gus inspired me to explain the advantages of buying a home over renting, especially as someone with pets. An Alternative to Renting for Pet-Owners For many, finding a rental property that accommodates pets can be an arduous task. I empathize with the struggles…

News

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!

Can You Roll Renovations into a Mortgage?

Consider Buying Instead of Renting in Edmonton!

Managing Debt When Buying a Home

Navigating Edmonton’s Hot Housing Market!

New Amortization Rules for First-Time Home Buyers!

How the RRSP Limit Increase Can Help First-Time Homebuyers

Buying Vs. Renting (with a Pet)

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