Affording your Dream Home
The swirling mill of rumors surrounding the current housing market undoubtedly has many prospective homebuyers anxious about taking the plunge of ownership. Factor in concerns about job market/economic stability and it becomes quite clear why one might fear the prospect of being house proud, but cash poor or badly in debt. Having said that, however, there are [...]
Should You Lock into a 10-year rate?
Canadian mortgage holders and new homebuyers have enjoyed a long period of low interest rates. These rates are now rumored to be going to increasing in small increments. Recently, the highly popular variable rate option has slumped in attractiveness as discounts off of the 3% prime rate have disappeared. At the same time, some financial [...]
Is Real Estate a Hedge Against Inflation?
Generally speaking from the outside, Canadian real estate looks like a good way to hedge inflation. This is because the overall Canadian real estate market has done quite well over the last few years, especially compared to other world markets, which have been tumbling and trying to bounce back to more stable levels. When looking [...]
Variable About Face
The age old question stands – Variable or Fixed Rate mortgage which is the best option? There has always been a close race between which is better variable or fixed rate. In recent times one would recommend that variable rate mortgage is unless one is risk adverse then the fixed rate mortgage will always help [...]
Leveraging Your Equity
Written by Julie Jones Why Refinance? There are many reasons but some of the best reasons include, saving for retirement, building your wealth, or just saving a little by moving your mortgage to a lower rate mortgage. Refinancing can also be used to take out the equity in your current property and purchase an investment [...]
