Buy NOW? Or WAIT?

Posted On Apr 11, 2024

Buy Now:$750K Purchase price5.2% interest rate$150,000 Down Payment (20%)Mortgage Size:  $600,000Mortgage Payment:  $3275/mnthInterest Paid (over 30yrs): $148,541 Wait 1 year to Buy:$825K Purchase price (projected due to pent-up market demand)4.5%...

The Rent vs. Buy Debate in the Greater Toronto Area

Posted On Apr 11, 2024

The Greater Toronto Area (GTA) is a vibrant, bustling region, offering a multitude of opportunities for both personal and professional growth. However, the dream of homeownership in the GTA can often seem just that—a dream (especially in the face...

Unlocking the Power of Mortgage Pre-Approval: A Strategic First Step in Home Buying

Posted On Apr 11, 2024

Embarking on the journey to purchase a home is both exciting and daunting. To navigate this journey with confidence and strategic advantage, securing a mortgage Pre-approval is a pivotal first step. This foundational move not only enhances your home...

The Importance of Credit Monitoring on your Path to Home Ownership

Posted On Apr 11, 2024

As you embark on the exciting journey towards purchasing your first home in Canada, understanding and monitoring your credit becomes a cornerstone of your financial health. A Mortgage Agent can guide you through the intricacies of credit scores,...

Understanding Reverse Mortgages in Canada: A Path to Financial Flexibility for Seniors

Posted On Feb 28, 2024

In Canada, Reverse Mortgages present a strategic financial solution for individuals aged 55 and over, offering a unique opportunity to access the equity built up in their homes without the need to sell or vacate their cherished living spaces. This...

Maximizing Government Programs to Accelerate Your First Home Purchase

Posted On Feb 28, 2024

[Originally posted Jan 8'24.  Re-Posted April 16'24 to reflect changes to RSP Home Buyers' Plan]Purchasing a first home has increasingly felt like a daunting and impossible task for many as a heated real-estate market priced many people...