A vast majority of parents are currently supporting their children (ages 18-35 years) financially, spending an average of $5,623 per year ! This is an extensive additional cost that most parents cannot afford. In fact, over 30% of parents are seeing delayed retirement in order to help kids with post-secondary costs and are facing an inability or delayed timeframe in paying off their own debts. As much as parents want to help their kids, it should not be done at the jeopardy o

As a first-time buyer, I am here to give you some tips on homebuyer mistakes to be on the lookout for so you can avoid them for the best experience possible! Thinking You Don’t Need a Real Estate Agent You might be able to find a house on your own, but there are still many aspects of buying real estate that can confuse a first-time buyer. Rely on your agent to negotiate offers, inspections, financing and other details. The money you would have saved on commission can be quick

Effective May 3, 2021, the Federal Government will be expanding the First Time Home Buyer Incentive program to enhance eligibility in Toronto, Vancouver and Victoria Census Metropolitan Areas (CMA) as defined by Statistics Canada. What you need to know In Toronto, Vancouver and Victoria CMAs, the: Maximum total qualifying annual income is $150,000 (an increase from $120,000) Maximum mortgage loan amount plus incentive cannot exceed 4.5 times the total qualifying income (an in

Did you know? Reverse mortgages are continuing to gain popularity for 55+ homeowners in Canada! For many Canadians who are looking to retire but currently facing high debt load and ongoing expenses, as well as reduced income, it can be a challenge. This is where the reverse mortgage can help! This product is also a great option for anyone wanting to assist their elderly parents. Instead of selling the home and moving them to a care home or assisted living, a rever

Since it was launched in 2019, the FTHBI has struggled to gain traction among first-time buyers. As of Sept. 30, 2020, the Canada Mortgage and Housing Corporation (CMHC), which administers the program, said it has received just 9,520 applications worth about $173 million in shared equity mortgages. When the program was first announced, the government earmarked $1.25 billion over three years with the goal of assisting 100,000 homebuyers to purchase homes. Under the program,

Here is what you need to know about the new shared equity program offered by CMHC and the other insurers that launches today.

Many clients get confused about what a pre-approval is and what a rate hold is. Typically a pre-approval is a full evaluation of your...

With many of our clients in the GTA looking a condominiums and especially pre-build condominiums there are some things that you should...

Hello new home buyer, I know that you are frustrated with today's market. Trust me when I tell you that I have been where you are. I...