There has been a few changes to the mortgage lending guidelines in the last few years as well as implementing the HST on services. The Harmonized Sales Tax will not be a major factor in the real estate market as it doesn’t apply to most resale properties. It will however affect the taxes on the cost of services related to …
Purchase Plus Improvement
The Perfect Home! (But it Needs some improvements…) Have you ever been house hunting and you know your price range, area, etc. and now you find a home you love that’s in the upper end of your price limit, but it needs a new roof!? You could purchase this house financially, but you won’t have the cash for the new …
Potential Sources Of Funds
The type of fund raising one uses is a function of judging risk and one’s individual credit rating. There are several options available. Using Existing Cash Reserves Using Existing Liquid Reserves (ie. Bonds and GICs) Utilizing any of the above as collateral for a loan Using other types of assets such as stocks as collateral Using the equity in an …
Find Your Dream Home
If the time for you has come to “Find Your Dream Home”, then I would love to help you. If you would like to have new listings emailed to you AS SOON AS THEY BECOME AVAILABLE, then, by filling out the form below, you will be placed on the “Top Priority” list… No Obligation… new listings will be sent to …
Delayed Closing Dates
New construction condos: Delays It happens quite frequently that a client calls me to say that the Closing Date for his/her new construction residential property is fast approaching but when he/she drove by the project site, it seems highly unlikely that the builder will be able to complete the construction on time. And just as frequently, these purchasers receive a …
Why Put a Bigger Down Payment?
When you put a 20% down payment on your real estate purchase, you can avoid the CMHC premium. The rule of thumb is: the larger of a down payment you make, the lower the amount of interest you will pay over the life of your mortgage. It is important to note for you to understand your financial situation and it …