Category: Finance

29 Nov
Supreme-Court-of-Canada

Home Sales Data is Now Public

A recent Supreme Court decision could have an enormous impact on the GTA housing market. This ruling will make sales data public, thus removing a lot of the secrecy that shrouds transactions for both sellers and buyers. This brings to end a longstanding 7-year battle brought forth by the Toronto Real Estate Board (TREB) and […]

08 Nov
john_tory

The Municipal Issue of Affordable Housing

In October, the GTA was gripped in election fever. Sure, there were several candidates but it was really a two-horse race between John Tory and Jennifer Keesmaat. In the end, Tory remains Toronto’s mayor. Despite the usual election rhetoric about crime and property taxes, the one issue that loomed large was that of affordable housing […]

11 Oct
22505-78112

The Classic Debate: House or condo?

When looking for somewhere to live, there are benefits and potential downsides to the types of homes you can explore, ranging from your individual needs to the trends in the real estate market. The condo market seems to be ever expanding, yet houses are still widely popular in their own right. Here are some simple […]

27 Sep
self-employed-mortgage

Update on Mortgages for the Self-employed

Recently, we wrote a post about how self-employed individuals can be approved for a mortgage. Self-employed mortgage applicants face additional challenges because they pose greater risks to lenders because their income can be unpredictable. Last July, self-employed people looking to enter the housing market received some good news. The Canadian Mortgage and Housing Corporation (CMHC) […]

21 Sep
loan post secondary

Loans for Post-Secondary Education

A post-secondary education can be quite costly. There’s tuition and books but also other costs like housing, food, transportation and general living expenses. The reality is that a post-secondary degree is typically the first step toward a financially and rewarding career but many do not have the means to pay for their education. Different types […]

13 Sep
home-not-selling

Why your Home isn’t Selling

There is nothing more frustrating than putting your property on the market, then watching it sit there month after month without ever receiving an offer. If you have a property that isn’t garnering a ton of interest, it might be wise to pull it off the market and to regroup with a new strategy or […]

06 Sep
credit card debt

Getting out of Credit Card Debt

In Canada, the cost of borrowing continues to rise leading to more household consumer debt. This consumer debt usually refers to credit cards, and it can cripple borrowers and families. If you carry credit card debt every month than it’s time to plan and execute a strategy to tackle it for good. It takes discipline […]

23 Aug
o-BLACK-MAN-LAPTOP-570

How to get a Mortgage if you’re Self-employed?

Being self-employed isn’t easy. You must constantly hunt for business and wear just about every hat imaginable from accounting to sales to marketing. Making life harder is that most lenders are risk-averse, meaning they have trouble approving people who aren’t employed by a company. What hurdles must self-employed people overcome? And how can they successfully […]

16 Aug
Refinancing

Should I Refinance my Mortgage?

Every homeowner is faced with tough decisions regarding the terms of their mortgage. If you are going to continue to be a homeowner, then you face a decision when your mortgage is about to expire: should you refinance or renew your mortgage? Refinancing is a valid option for many borrowers but it’s important to understand […]

26 Jul
peer-to-peer-mortgage

A First-time Homebuyer’s Financial Snapshot

There are two sides to every mortgage application. One side is lenders who want to invest in safe applicants who can repay their loan and present the fewest risks. On the other side are borrowers who want to obtain fair mortgage terms and enough funds to secure the purchase of a home. For both sides […]