Line of Credit: What You Need to Know
Lines of credit are often referred to as the never pay back plan within the banking industry. The joke is that most people who take…
What is a Mortgage Prepayment Charge?
When applied to mortgages, prepayment refers to the cost associated with breaking a mortgage term before it completes. Mortgages come in two main varieties; open…
What is the First Time Home Buyer Incentive?
The first time home buyer incentive down payment program provides additional down payment for first-time home buyers who meet the minimum down payment for an…
Do Rent Controls Keep Rents Low?
Rent controls rarely work to control long-term rent prices because such a policy often fails to account for and appreciate the importance of incentives in…
Open or Closed Mortgage: Which Is Better?
Mortgages come in two main varieties; open and closed mortgages. An open mortgage can be paid off early without any penalty, while a closed mortgage…
New Home Warranty BC: The Complete Guide
New Home Warranty in BC provides protection for any new home built in British Columbia against construction defects. The program requires all homes built in…
Renting vs Buying Vancouver : Which is Better?
The debate over renting or buying a home is similar to the discussion around index vs active investment. Both generate a lot of emotional arguments…
3 Reasons to Delay Your Home Purchase
Everyone wants to own a home. Everyone tells you to buy a home. Why? Because it always goes up in value, of course. While home…
What is an Insured Mortgage?
An insured mortgage, often referred to as a high-ratio mortgage, is a type of mortgage in which the borrower has less than 20% of the…
What is a Freehold Strata?
A freehold strata is a fee simple estate in a strata lot development in which owners of the property own individual units while co-owning the…
Tenants in Common vs Joint Tenancy: Which is Better?
Joint tenancy is a type of property co-ownership structure that allows two or more people to own an undivided interest in an estate, such as…
Canada Housing Outlook for 2022
Canada’s home price growth, sales levels, and housing starts are expected to moderate but remain elevated, according to the Housing Market Outlook report published by…