by Zohreh Fayaz | Aug 18, 2023 | Blog, Finance, Homeownership, Mortgage
With all of the rate increases over the past year – following several years of historically low rates – many mortgage borrowers are concerned about increased mortgage payments, regardless of whether they’re currently in a fixed-rate or variable-rate mortgage. In many...
by Zohreh Fayaz | Aug 4, 2023 | Blog
During the red-hot Canadian real estate market spurred by the pandemic where bidding wars were pretty much expected, it was virtually impossible to get an Offer to Purchase accepted that contained important conditions to protect the buyer when making among the largest...
by Zohreh Fayaz | Jul 28, 2023 | Blog, Mortgage
A lot has changed since your last mortgage term began thanks to high inflation leading to increased interest rates – following years of historic lows. That’s why it’s important to review all options before your renewal date. Step one is to speak with your mortgage...
by Zohreh Fayaz | Jul 7, 2023 | Blog, Homeownership, Mortgage
Looking to buy your first home? Saving up for your down payment can seem virtually impossible unless you have a plan in place. Fortunately, there are more savings options available today than ever before. There are three main savings accounts you can use to your...
by Zohreh Fayaz | Jun 20, 2023 | Blog, Finance, Mortgage
As Canadian households grapple with mounting debt and rising interest rates, one area seems to be holding steady amidst the storm: mortgages. While credit cards and vehicle loans experience a worrisome increase in delinquency rates, mortgages have managed to maintain...
by Zohreh Fayaz | Jun 2, 2023 | Blog, Finance, Mortgage
A lot can change over the course of your mortgage term – regardless of its length – including your income, debt load and interest rates, to name a few. That’s why it’s important to undergo a free annual mortgage checkup with your mortgage agent to ensure you’re saving...
by Zohreh Fayaz | May 19, 2023 | Blog, Finance
Worried About a Low Credit Score? Your credit history is compiled into a credit report, which then provides an overall summary of your financial history to lenders. Canada’s two credit reporting agencies – Equifax and TransUnion – use the information in your credit...
by Zohreh Fayaz | May 7, 2023 | Blog, CMHC, Homeownership
Canada Mortgage and Housing Corporation (CMHC) expects home prices to bottom out this year, but they aren’t expected to fall below pre-pandemic levels. That was the takeaway from the agency’s spring Housing Market Outlook, which said weaker growth and higher mortgage...
by Zohreh Fayaz | Apr 21, 2023 | Blog, Homeownership
First-time homebuyers can now take advantage of an extra downpayment savings tool as of April 3rd, 2023 in the form of the First Home Savings Account (FHSA) courtesy of the federal government. The FHSA combines the benefits of both a registered retirement savings plan...
by Zohreh Fayaz | Apr 14, 2023 | Blog, Homeownership
On March 27th, the federal government announced amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act’s accompanying Regulations to enhance the flexibility of newcomers and businesses looking to add to Canada’s housing...
