Ready to find that perfect starter home? The search can be exciting – but also heartbreaking if expectations and reality don’t quite match. Here’s how to set realistic goals for your first home.
Trying to save that down payment? It’s no secret that it takes time, patience, and a solid savings strategy. Read on for 4 ways to save up, faster.
It’s a new record for 5 year fixed mortgage rates at 2.74%! How much lower can we expect mortgage rates to go as we enter the typically hot spring mortgage season?
BMO’s ultra hot 2.99% 5 year fixed mortgage rate is back! Available for high ratio mortgages, and featuring full service payment options, it looks to be a great deal – but is it in your best interest to lock in low when interest rates may rise?
5 year fixed mortgage rates hit a new low this week, at 2.77%. This full service mortgage is available in Ontario and accessible to high ratio borrowers. Could we see more downward movement before next year’s anticipated rate hike?
Securing the Canadian dream – a good job, nice car and an affordable mortgage – may be increasingly out of reach for the millennial generation. A new research study from RateSupermarket.ca, Canada’s independent personal finance comparison site, offers the projections of future costs of living for young people starting out today. As the cost of owning a home continues to rise and jobs are very hard to come by, the picture is not pretty.
The days of 30-year high ratio mortgages are over as the mortgage rule changes announced June 21st by the Department of Finance go live today. While the changes have been put in place to cool an overly aggressive housing market and curtail Canadians’ debt to income ratio levels, it’s the short term implications that have everyone from first time home buyers to brokers wondering – what’s it going to cost?
Buying your first home is a big step. Check out our top 7 tips to give you a boost onto the property ladder and help you save money on your first home!