Blog

Currently their is no deadline for making TFSA contributions, but with the upcoming election, both the NDP and Liberal party have hinted at reducing the yearly TFSA contribution to $5,500 from where it currently stands at $10,000. That being said, if either of these parties...

When discussing mortgage options with my clients, many of them ask me what the best amortization rate is. I respond, "it depends" First off, one must have at least 20% down or 20% equity in their home before qualifying for a 30 or 35 year...

A “Gifted” Down Payment has become very common for first time home buyers. A buyer’s family member will offer to provide a lump sum money to go towards the down payment. Often this is done because their kin doesn’t have enough funds saved for the required 5% down payment. Or,...

Are you looking to purchase rental properties? Historically, the minimum down payment was 20% and most often, it came from the buyer's own resources, and could not be gifted. If it's an owner occupied purchase, the down payment can be gifted from a directly related family member. Good news is, that...

I've had many clients ask me, "how long will these low rates last, and will the banks substantially increase the rate, causing everyone to default, and foreclose on their property? These people fear that what happened to our neighbors, the United States of America, will...

Making the switch from renter to homeowner is one of those big decisions you make in your lifetime. It can be a stressful time if you don’t a build a budget plan or start saving prior to the home purchase. Budgeting is essential and will help alleviate any stress associated with cash problems that may arise if you purchase a home without...

Start the Car!!! Start the car!!! Haha, gets me every time.  Well, as I’m sure many of you're aware, Vancouver is one hell of an expensive place to live. It's quite easy to spend over $500 on a wild weekend or if you’re like my girlfriend,...

So what is mortgage insurance? Mortgage insurance is a monthly payment that’s designed to pay off your mortgage if, god forbid, you get injured and can no longer work, or…die. There are multiple forms of mortgage insurance, but lets just talk about the main two. 1. MPP...

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