8 Jan

TO THE CHILDREN OF AGING PARENTS

General

Posted by: Trina Tallon

Are you an adult with an aging parent(s) and are you concerned about your parents’ ability to remain financially independent? Today, Canadian adults have many responsibilities, including the concern for their children’s well-being, as well as their parents’ quality of life and their debt. As life expectancy rises for the senior demographic, there is a […]

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7 Jan

UNDERSTANDING THE BENEFITS OF GETTING PRE-APPROVED FOR A MORTGAGE

General

Posted by: Trina Tallon

Pre-approvals are certainly beneficial. However, they can also be very disappointing if you are not prepared to know what they actually mean. They DON’T mean… They don’t mean that you have a mortgage.Until there is a Purchase Agreement (a written up contract to purchase a property) actually submitted to a bank and a commitment from […]

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6 Jan

CREATING A PENSION PLAN

General

Posted by: Trina Tallon

What’s a pension? I don’t have one. In today’s day in age there are not many people that will have one when they retire. So it’s up to us, as individuals, to create our own – build your net worth from within. There are many ways to create a pension plan, acquiring rental properties is […]

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4 Jan

WHAT IS MORTGAGE INSURANCE?

General

Posted by: Trina Tallon

When you purchase a property, you may be a little overwhelmed by all the insurance offers related to purchasing a new property that come your way. Mortgage Insurance, Condo Insurance, Mortgage Default Insurance, Earthquake Insurance; the list goes on and on. It can be confusing and it is important to know what insurance covers what. For […]

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2 Jan

THINGS TO CONSIDER WHEN BUYING IN A NEW DEVELOPMENT

General

Posted by: Trina Tallon

With plenty of activity in the real estate market and more new building slated over the next few years, here is my list of “Things to Consider When Buying in a New Development”. Representation Some buyers attend the display suite and consider a purchase directly with the developer sales person or the developers Realtor. Regardless […]

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1 Jan

RENOVATING YOUR HOME

General

Posted by: Trina Tallon

Did you know you can get a mortgage for renovating your home? Many home buyers and existing home owners are deciding to get more bang for their buck by purchasing a home that needs some improvements. Whether you are renovating at the time you buy or waiting for a few years, there are financing options […]

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28 Dec

TOP 8 BENEFITS OF USING A MORTGAGE BROKER

General

Posted by: Trina Tallon

When shopping for a mortgage, many home buyers enlist the services of a Mortgage Professional. There are several benefits to using a Mortgage Broker and I have compiled a list of the top 8: 1. Saves you time – Mortgage Brokers have access to multiple lenders (over 50!). They work with lenders you have heard of and lenders […]

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27 Dec

10 LIKELY MORTGAGE QUESTIONS WHEN BUYING YOUR FIRST HOME

General

Posted by: Trina Tallon

When considering buying your first home, I am sure you will have many questions. I hope to give you some insight to what lenders are most importantly looking for when qualifying for a mortgage. 1. What’s the best rate I can get? The rate that you receive depends on a number of things. I get a […]

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20 Dec

MUCH ADO ABOUT ALMOST NOTHING–NON-RESIDENT OWNERSHIP OF HOUSING

General

Posted by: Trina Tallon

Statistics Canada in conjunction with Canada Mortgage and Housing Corporation (CMHC) released their first report this morning from the Canadian Housing Statistics Program (CHSP), providing data regarding the non-resident ownership of Canadian housing. This program was mandated by the last federal budget, filling in a significant data gap in housing statistics. For years, many have […]

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17 Dec

NEW MORTGAGE RULES COMING JAN 1 BOOST NOVEMBER HOME SALES

General

Posted by: Trina Tallon

So here we are in the lead-up to the January 1 implementation of the new OSFI B-20 regulations requiring that uninsured borrowers be stress-tested at a mortgage rate 200 basis points above the contract rate at federally regulated financial institutions. It is no surprise that home sales rose in advance of the new ruling. Even […]

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