Introduction In recent months, an alarming trend has emerged in Canada’s real estate market. With mortgage payments on the rise, more Canadians are finding themselves under financial strain. According to the latest Equifax Canada credit trends report, rising mortgage delinquency rates have surged dramatically, particularly in Ontario and British Columbia. This post delves into the
Read More
The First Home Savings Account (FHSA) is an innovative initiative in Canada, aiding first-time homebuyers in their journey towards homeownership. As a professional mortgage broker, I’d like to provide a detailed overview of how the FHSA operates, its eligibility criteria, benefits, precautions, and its role in helping first-time home buyers save for a down payment.
Read More
Investing in real estate has always been a popular choice for individuals looking to diversify their investment portfolio and generate passive income. However, when it comes to purchasing an investment property, there are various considerations to take into account. One such consideration is whether to buy the property in your personal name or in the
Read More
Reverse Mortgage or Canadians, Introduction: Many Canadians find themselves in a situation where they have a considerable amount of equity tied up in their homes but are facing financial challenges. Whether it’s for retirement planning, unexpected expenses, or simply wanting to maintain their current lifestyle, there is a solution available called a reverse mortgage. In
Read More