Mortgages

Canadians consider the market forecast for mortgages before they proceed with the mortgage application. You might work with the top mortgage agent in Kingston, but even they don’t have control over the staggering interest rates.  The Bank of Canada sets the benchmark rate, based on which the other banks decide their interest rates. It’s the […]

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 […]

1) What are the neighbours like? Take time to get a feel for the locals and how you might fit in. Does the area attract empty nesters and retirees, for example, or is it characterized by young families? A real estate professional can help inform you about demographic trends. 2) Does it fit your lifestyle? […]

When you apply for a mortgage loan, the mortgage planner will ask you to complete a loan application. The application shows information about the type of mortgage loan you’re applying for, as well as your personal financial situation. To fill out the application, you (and the co-borrower, if you have one) need to give the […]