Debt in Canada has reached a record high. Canadians now owe $1.7 for ever $1 of disposable income, as shared by Statistics Canada. These numbers are alarming and it is a consolation that our housing market is strong. You might love to know that there’s a huge possibility that you’ve built up more equity than […]
How to Use Your Home Equity to Consolidate Your Debt Read More »
Many people have been fortunate that their homes’ market values have increased since they bought them, resulting in a marked increase in home equity as well. This is possible because equity is defined as the difference between a property’s market value and the mortgage still owed by the home owner. So You’ve Got Lots of
The Best Ways to Use Your Home Equity Read More »
Building your home’s equity as early as you are able can be of great advantage for you in the future. This is true though a lot of people don’t really know what equity is and how to build it. Equity is the value of your home that you own. It is the difference between the
Build Home Equity Fast in Toronto With These 4 Tips! Read More »
It is no secret that property values have gone up in Canada in the last 15 years. People living in certain areas like Toronto and Vancouver who bought their homes more than 2 decades ago have more than doubled the value of their properties. The recent huge increase in real estate market values mean that
Is A Second Mortgage A Good Financing Option For You? Read More »
A second mortgage is another loan taken with a different mortgage lender on a property that has an existing mortgage. The person who applied for the mortgage must still pay the primary mortgage with the addition of also having to pay for the second mortgage. Reasons Behind Higher Interest Rates On A Second Mortgage When
What is a Second Mortgage And How Will It Work? Read More »
The issue of home ownership is often hard to understand for quite a lot of people who’ve never applied for a home equity loan before. In this article we will tackle the common misconceptions and cover the basics of home equity loans. We hope that after reading this article, you will be better equipped on
Who Owns the Home After A Home Equity Loan? Read More »
It looks like the central bank is not going to announce changes in interest rates soon, as can be inferred by economists regarding the matter. Senior deputy governor Carolyn Wilkins and governor Stephen Poloz of Bank of Canada will provide an update soon; but experts are not expecting them to give an update on the
Bank of Canada Expected to Make No Changes on Interest Rates Read More »
No matter how established you are as an investor, there will be times when getting a bank to finance a new property or other investments can be a hassle. Changes are always at play when it comes to financing and getting your loan approved by banks. The above is how and why asking for assistance
Need Alternative Financing for Investing? Read This! Read More »
Economist Benjamin Tal of CIBC World Markets shared that unless housing preferences and policies change, then the Vancouver and Toronto housing markets will continue to rise as increasing demand and tight supply put more pressure in said markets. Transition Period The economist also said that the Canadian housing market is currently in an important transition
CIBC Report Warns About House Price Increase in Vancouver and Toronto Read More »
We usually think that the more features a house has and the more amenities are nearby, the easier it would be to sell the house later on, right? Well, the thing is, the features and amenities you like may be the exact opposite of what others prefer. Here are some of the most common features
8 Features That Can Make Your House Surprisingly Harder to Sell Read More »
