Can Canadians Deduct Mortgage Interest From Their Taxes? The short answer for most Canadian homeowners is no. While our American neighbours get to claim interest on their mortgages as a tax deduction, the Canadian tax system simply does not allow it. There are exceptions, however, so read on to learn more. How Come Mortgage Interest […]
There was a time when dad went to work, mom stayed home to raise 4, 5, 6, 7 (or more) children on dad’s wage, and everyone lived comfortably in a nice house and drove a newer car. Times have sure changed! Inflation has driven costs higher, and it’s driven them faster than our wages have […]
In our office, we have a lot of people coming in or contacting us via email or phone about a mortgage. And we tend to get the same questions all the time (don’t worry, we love it!) So we compiled a little list of the top 4 questions we get asked all the time: Questions […]
Dear Prospective Homeowner, I see you standing there in the lobby of a real estate brokerage, staring nervously at brochures and pointing excitedly at different houses. Your face is still awash with the gleam of possibilities. Right now, it’s about what your perfect home will look like. But there will be practical, financial matters to […]
So, you’ve incurred debt that is proving difficult to get rid of and are thinking of debt consolidation to pay it off. If you have racked up some credit card debt, or taken a loan to go back to school but found that jumping back into the job market has taken a bit longer than […]
Getting a mortgage to buy your next home is probably the largest financial decision you’ll ever make. So it makes sense to get a good handle on what mortgages are available for you so you can choose the right one for your needs. The best place to start is to think of mortgages as being […]
It goes without saying that finding the best mortgage rate is on every home buyer’s mind. This is hardly surprising given housing market and slow-moving economy. But even though the “best mortgage rate” terminology is such a loud part of public dialogue, it is important to know it is also often misused. Buying a home, […]
So you want to buy a home. Few things are more exciting than that initial burst of optimistic dreaming as you start thinking about the possibilities. And most people start by getting in touch with their bank to find out how much they qualify for. But if you want to spend less, save money over […]
My wife and I just moved to B.C from another province somewhere east of here. We sold our home – the only one we’d ever owned as a couple – and moved to B.C because of a job promotion. During the transition, as we await the shipment of our stuff, we are going through that […]
Looking to buy a new home? Along with finding a great new house in the perfect location, you’re probably also thinking about how you can pay for it. And more specifically, how you can get the best mortgage rates possible to save a bit of money as you buy the largest purchase of your life. […]
