Short-term money is available for experienced flippers/BRRRs/Renovators! (up to $900K currently available) Money is available via Mortgage Charge against the property. Up to 80% of the property's value, you only need 20% of the downpayment plus your sweat equity to renovate. Custom terms...

Hi, Could anyone recommend a good mortgage broker in the Kingston area, please? Someone who does plenty of investment properties, but can also advise about lending for principal residence, which we don't have in Canada yet? Need to discuss best order to go in (can I buy an investment property...

Hi, I would be grateful for some advice, please. I have recently moved to Canada from the United Kingdom. I have four properties in the Europe which I rent out and am looking to invest in property in Canada. For various reasons, I am not in a rush to buy a principal residence in Canada. Very...

Get started on a new year's resolution early. Join me for an informative session on how to pay down your mortgage sooner and set yourself on the path to being mortgage free! Register for this free event, so we can send you a reminder...

Wondering if anyone with experience getting an insurance payout when a bank is named on the policy can help? We have a property with a detached garage that burned down. As the insurance payout is not enough to cover replacement (should have insured for replacement cost!), we are just going to...

There have been a few changes to RBC mortgages. We are in the process of moving our mortgage to another lender. 1. If you are refinancing with them they seem to have an internal cap of 60% LTV on properties over 1M. They tie up your main asset, and then do not allow you to access the increased...

How has "lenders declining mortgage applications" caused a housing crisis?

Listen in as Peter Kinch talks about the new Mortgage Stress Test rules and how it will effect future home buyer and investors. See his interview HERE Peter is a regularly featured guest on various radio and television programs throughout the country including CTV. Peter is the author of The...

The commentary this month is largely affected by the upcoming mortgage rule changes. Buyers and sellers alike were active - resales rose by 3.9% in Canada between October and November. This was the strongest monthly advance since February. New listings rose by 3.5% in Canada between October and...

There are really only five ways to generate your own cash for a real estate transaction .. and you can do all five in time .. but you have to take them all seriously ! Real estate also covers 4 of the 5 ways to make money .. once you own a even one or a few THs, SFHs, apartment buildings, mobile...

RBC Economics Research has released their commentary on the announcement by the Office of the Superintendent of Financial Institution (OSFI) as part of final revisions to "Guideline B-20" on residential mortgage underwriting and procedures. To view RBC's report click on the following link...

Hello, I just bought my first student rental property 6 months ago. I chose a 30 year mortgage because my payments were lower than with a 25 year mortgage. I've heard and read a lot of comments about how you should get a 25 year mortgage. I know I would pay less interest and more principal but...

Ever wonder how your mortgage rate is determined? What factors make it jump from percentage to percentage? I found an article that reveals 10 factors that affect a mortgage rate: 1. Location Depending on which province your home is located in, this will have an overall effect on your mortgage...