Category Archive: Articles

mortgage related articles

Nov 23

Housing starts set to increase in Calgary

Ran accross this article this morning http://tiny.cc/0bfm2 which supports the opinion of many I talk to about growth in Calgary. Other major centers in Canada such as Toronto and Vancouver have already seen growth with Alberta lagging behind. However it is looking like that is set to change at the expense of Ontario and BC. …

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Nov 17

Credit line or Mortgage?

Sifting through the usual bombardment of information this morning I came across this article and it really struck me that generally people do not know what they have gotten themselves into when they opt for a secured line using their home as collateral. While the statistics in this article are quite high demonstrating the general lack …

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May 27

The perfect home (with some improvements!)

Has this ever happened to you? You are house hunting. You have already determined your price range. Now you find a home you love, at the upper limit of your range, but it needs a new roof! You can swing the purchase financially, but you will have no cash left for the new roof. Enter …

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May 27

Little “White Lies” about Pre-payment Options

Your banker and your smart brother-in-law have told you, “make bi-weekly payments and save thousands in mortgage interest!” So, weekly payments should save even more? How about daily payments? Are the banks not allowing daily payments because they would never make money on a mortgage? The moral of the following story: it is not how …

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May 27

Mortgage Free Sooner – Common Sense Ways to Trim Years Off Your Mortgage

Shop around! Bank employees are paid to protect the bank, and getting the right mortgage from them usually involves playing games. Why waste your time? Getting a good interest rate is crucial, but don’t forget, flexibility and options are also important. Talk to a mortgage professional who can give you impartial advice and is not …

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May 27

Letting Your Savings Work for You

Let’s face it. You’ve worked hard and saved when and where you could. To most Canadians, this is a part of everyday life. Well now finally, let some of the money you have worked for do some work for you. In 1992, the Canadian Customs and Revenue Agency (CCRA) introduced the Home Buyers’ Plan (HBP). …

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May 27

Grow Ops: What’s Up in Smoke?

Few communities in Canada have escaped having a Grow Op found in their midst. Once busted, the cost to clean up the consequences of having a Grow Op in the home varies from community to community, depending on how active local authorities have become against drug trade. The cost of Reclamation is growing! The Canadian …

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