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What Not To Do Before Closing

2024-05-20 | 17:47:00 ​With current market conditions and stricter credit underwriting by lenders and mortgage insurers, it's important to be mindful of your actions between mortgage approval and closing. Lenders may recheck your credit any time before funding. Here...

🏡​ Buying a Home - Step One: Mortgage Pre-Approval​ 🏡

2024-04-25 | 19:41:14 Whether you're looking to buy your first home, or haven't purchased a home in the past several years, searching your local real estate listings is not always the best place to begin. Before you start looking through local listings, get pre...

Documents Required for Proof of Downpayment

2023-04-15 | 15:31:05 Savings or Investments StatementsIf using savings from your bank account as your downpayment, you will need to provide a recent three month bank statements showing accumulation of funds.If your downpayment is from investments (RSP, GIC, stocks, bonds...

Canada's Foreign Buyer Ban - January 1, 2023

2022-12-30 | 09:47:50 Are you a foreign buyer? Starting January 1, 2023, the Foreign Buyer Ban disallows anyone who isn't a Canadian Citizen or Permanent Resident from buying a residential home in Canada for two years. There are some exemptions. It also restricts...

Toronto’s Vacant Home Tax (VHT)

2022-12-30 | 09:43:48 Toronto’s Vacant Home Tax (VHT) is coming into effect starting January of 2023! The goal of Toronto’s VHT is to increase the supply of housing by discouraging owners from leaving their residential properties unoccupied. Homeowners who choose to...

Bank of Canada Increases Interest Rate

2022-10-27 | 09:53:04 At 10:00 am EST, Wednesday October 26, 2022 the Bank of Canada raised its target for the overnight rate to 3.75 %, making it a sixth consecutive hike in its effort to get surging price growth under control. Inflation around the world remains...