Reports from local real estate boards and incoming data indicate the number of homes changing hands continued to increase from this year’s lows posted in April. The August data suggest that national home sales have risen for the fifth consecutive month. However, location is everything in the housing market, and the pace of sales varies […]

Did you know that appliances and electronics account for up to 23% of the average monthly electricity bill? The biggest culprits are your fridge (coming in at around 4% of the total bill), and your washer and dryer (coming in at around 3.5% of the total bill). We’re all looking to save some cash where […]

Buying your first home – no matter what your age – is a significant life event. It can bring up all kinds of stresses, both financially and emotionally. Being prepared for what’s to come can put your mind at ease. So, as an expert in the process, here are my best tips to minimize stress, […]

Helping your clients understand Gross Debt Servicing (GDS) and Total Debt Servicing (TDS) can guide them in determining what they can afford, how to qualify for RFA loans, and how to optimize their borrowing power. Gross Debt Servicing (GDS) GDS is the percentage of a borrower’s gross monthly income (before taxes and deductions) that goes […]

🏡 Key Features in Ontario: Eligibility: Must be 55 years or older (if there are two homeowners, both must be 55+). Home ownership: You must own your home and live in it as your primary residence. Loan amount: You can usually borrow up to 55% of your home’s appraised value. No monthly payments: Interest is […]

A Beginner’s Guide to Mortgage Basics in Ontario, Canada Purchasing a home is an exciting milestone, but it can also be overwhelming, especially when navigating the complexities of mortgages. If you’re in Ontario, Canada, and looking to buy your first home or understand the basics of mortgages, this guide is for you. Let’s break it […]