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But we are proud to say that Jessy Savage contributed 31 entries already.
Most homeowners in Victoria will face the same challenge at some point: renewing their mortgages. While it might seem like extra work, mortgage renewals are an opportunity to evaluate your current financial situation and find better interest rates. Understanding how to find the best deals can save thousands of dollars and improve your financial circumstances […]
With the Bank of Canada’s interest rate finally decreasing, Canadian homeowners have an opportunity to leverage the value of their homes through a Home Equity Line of Credit (HELOC). Whether you want to consolidate debt, perform renovations or invest in real estate, HELOCs are cost-effective and flexible tools that help you manage your finances. In […]
If you’ve been following the Bank of Canada’s interest rate changes, you’ll know that the key rates have been reduced to 4.5%, another significant decrease since the rates went to 4.75% in June. The reductions are welcome signs that inflation is finally beginning to cool down, with the new interest rate being a positive step […]
Are you getting ready to buy your first home in Victoria? Finally, escaping from the endless cycle of renting and enjoying the freedom of owning a property is an exciting time—but there are also plenty of things to consider. The first is how to get a mortgage. If you’re new to the mortgage application process, […]
As a homeowner in Victoria, you’ll usually have to renew your mortgage every few years. While it might seem like an extra headache you don’t really need; mortgage renewal also lets you shop around and find the best deals. Whether you’re new to mortgage renewals or a seasoned pro, this helpful guide will help you […]
Housing in British Columbia is an ongoing issue, with many prospective buyers and tenants struggling to find a place they can call home. However, recent initiatives that aim to stabilize the property market are paving the way for a brighter future. From the promise to build new homes to making ownership more affordable for first-time […]
How To Leverage Your Savings Accounts As A First-Time Homebuyer First-time homebuyers often encounter issues when purchasing a property, battling against high prices and plenty of competition. However, Canada’s 2024 Federal Budget announced numerous changes and incentives to simplify the journey. If you’re dreaming of ending the constant cycle of renting and purchasing a property, […]
The Canadian government’s 2024 Federal Budget announced more accessibility for people who want to purchase a property by building more properties, extending mortgage amortization periods and increasing RRSP withdrawal limits—welcome changes for many. However, other announcements, including the increase in capital gains tax and the new home flipping tax, were met with less enthusiasm. In […]
2024 Federal Budget Analysis for Canadian Mortgages Every year, the Canadian government releases its Federal budget, and residents wait to see how the changes will impact them. While the 2023 budget focused on improving the economy and making daily life affordable, the 2024 budget heavily targets the housing market. A study from Abacus Data highlights […]
Buying a home is an exciting process as it symbolizes a new beginning. From viewing different properties to waiting in nervous anticipation for your offer to be accepted, the process can also be draining. Many people forget the importance of appraisals and assessments—two integral factors when moving home and securing a mortgage. While property assessments […]
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