Below is some information that was provided by Enriched Academy pertaining to RSP’s and whether one should consider investing in them… The RRSP Deadline is March 1, 2021. A comprehensive breakdown of the RRSP (Registered Retirement Savings Plan) and how to take full advantage of its features.  What is an RRSP? An RRSP is a […]

Selling Your Home in the Winter While you might think selling your home in winter is harder, with the right considerations it doesn’t have to be! When selling your home during warmer months, the focus is typically on curb appeal and gardening, as well as having bright colors and patterns to draw out different rooms. […]

Despite the fears leading into the pandemic last Spring, 2020 marked a record number of home resales as new listings lagged and prices climbed. December housing data released by the Canadian Real Estate Association (CREA) today, shows national home sales surged 7.2% month-over-month (m-o-m) at a time of the year when housing is normally slow. Click […]

Property taxes are due in most municipalities on July 4th… Some cities have pushed out the due date into September because of COVID. One thing to not forget is to claim your Home Owners Grant if you live in your home as your principal residence.  If you do not claim the grant, you will receive […]

You may have heard already that CMHC has made changes to their qualifying ratios for those with less than 20% down…  We have not heard whether or not Genworth or Canada Guaranty will follow suit and make the same changes. What Are These Changes In Underwriting Policies Effective July 1, the following changes will apply […]

Rumour has it that the minimum downpayment is going to be increased from 5% down to 10% down. Our (Dominion Lending Centres) Chief Economist, Dr. Sherry Cooper just spoke on this and a variety of other topics around the current Canadian housing and mortgage markets.  I am going to summarize the highlighted points that I […]

Did you know that most lenders have a “sliding scale” for purchases that are over 1.25 million dollars?? Most of our buyers believe that if you are purchasing over 1 million dollars you need 20% down… Which is true, until you hit the 1.25 million dollar mark.  At that point you will have to put […]

We have noticed that the market is picking back up and almost as hot as this weather we are having!  With that being said we wanted to provide you with a “how to” and a step by step process to obtain a mortgage approval: First step is to take a Mortgage Application – we can […]