Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
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The Best Credit Cards for Students in 2019 + MORE May 18th
If you’re a student in college or university, you understand that every penny counts. Tuition is high, textbooks are expensive, and it’s hard to maintain healthy eating habits while living off-campus when all you can afford are those packets of Sidekicks pasta for $1.
This is where a good rewar.... More »
My mission is to help keep mortgage consumers informed! + MORE Dec 9th
Many mortgage brokers and other sales/service professionals keep track of numbers to measure whether we’re on track for growth year-over-year.
So, I did some math. Since becoming a broker in 2004, my team and I have successfully funded more than $920 million in mortgages. That’s a big n.... More »
What to do with a rental property when you owe more than it’s worth + MORE Apr 22nd
Q. I bought a home in Fort McMurray, Alta., for $413,000 in 2007. Five years later, in 2012, I moved out and started renting the property, and it has remained an income property since then.
With the decline in oil prices, the town of Fort McMurray has seen real estate losing value like crazy. After .... More »
Deferred payments on your mortgage or credit card? How to handle the strain when payments restart this fall + MORE Jul 28th
Hundreds of thousands of Canadians have deferred debt payments since COVID-19 took hold. There are some simple things you can do now to make sure you’re ready when those payments resume..... More »
Buying a home? Here’s how to decide how much to put down Oct 22nd
Should you put the minimum down, leaving you more for moving expenses or the maximum to reduce your mortgage payments?.... More »
Canadians are showing a strong ability to manage their debts even as housing prices rise, with arrears on CMHC mortgages at a low 0.34 per cent for the first quarter of this year, according to new figures from the federal housing agency.
How I bought my first house at age 19
– moneysense.ca
(Photograph by Roberto Caruso; Wardrobe courtesy of Harry Rosen)Ever since I can remember I loved spending time at my uncle Stewart’s auto repair shop in Thornhill, Ont. As a child, I’d help wash cars, clean up the shop floor and help out with small repairs. Over time, uncle Stewart made a profound difference in the way I think about money and investing. In fact, his auto garage turned out to be the perfect place to hear stories about the importance of building wealth from a young age.
Uncle Stewart had bought his own house 20 years ago and built his wealth slowly by paying down the mortgage quickly. The lesson for me was obvious—buy a house, pay yourself first by paying off the mortgage regularly and one day, you’ll wake up and the house will be worth a lot of money. For years I watched my mom, a single mom, work hard as a homecare worker and save whatever money she could. Then, three years ago, she bought her first house, too. Seeing both my mom and my uncle have such a passion for building wealth through home ownership inspired me and that’s when I decided to buy a home of my own and start building wealth for myself…
