Mortgage Advice

Mortgage refinancing is the process of replacing your existing home loan with a new one, typically with better terms or a lower interest rate. Refinancing can help you save money on monthly mortgage payments, reduce your interest rate, or shorten your loan term. However, it is not always the best option for everyone, and it’s […]

As the Bank of Canada has increased the trend-setting interest rates almost four times since last year, the benchmark expense of borrowing has skyrocketed from around 0.25 percent to 2.5 percent quite recently. This has brought about a boil in the variable interest rates -pushing them from the rate of 2 percent as enjoyed by […]

Have you already purchased your first home and acquired positive equity? If yes, then congratulations, as you have built a home. Next, you might contemplate buying a second home in Kingston as a rental, investment property, or vacation home. Instead of getting a separate mortgage, you can use the equity on your first home to […]

With rising interest rates, buyers have become hesitant in purchasing a home. Several Canadian buyers are wondering if now’s the right time to purchase or if they should wait longer. Real estate prices have dropped significantly since February 2022 and that’s why you should buy a house within the next four months.  Down payment amount, […]

When it comes to deciding whether to sell or rent out your house, there are many important factors you need to consider. Much of this decision will depend on your long term goals, your current living and financial situation, your level of commitment, and your ability to work within time constraints. Before committing to either […]

Learn the difference between a mortgage agent vs broker and how each can help you.

Did you know that the majority of first-time homebuyers are Millennials? That’s right; Canadians born between 1980 and 1995 now represent a full 77 per cent of first-time homebuyers. If you fit the mold, then get a leg up on the competition as we enter the year’s hottest real estate month. Here are our five […]

1) Conduct an energy audit If you’re serious about improving your home’s energy conservation, start with an energy audit by an NRCancertified energy advisor — you can search for an advisor in your area at www.nrcan.gc.ca. You’ll get a list of recommended upgrades to help you plan, and you may qualify to receive up to […]

1) Go green, underfoot If you’re thinking of installing a hardwood floor, consider reclaimed materials or look for new wood products that are certified by the Forest Stewardship Council (FSC) Canada. You could also use more readily renewable materials such as cork, bamboo, or carpets made from natural fibres. 2) Lower your water flow Target […]

1) Land transfer tax When a home changes hands, many provinces and a few municipalities charge a property transfer tax or title transfer fee. Rates are usually on a scale of 0.5% to 2% of the home’s value and can add thousands to your purchase price. First-time homebuyers qualify for rebates or exemptions in some […]