Gone are the days when a home serves only one purpose. With the rising costs of housing and the changing demographics, secondary suites are becoming more popular and essential. Many homeowners in British Columbia are converting their basements, garages, or even adding rooms to their homes to create additional living spaces. If you’re one of […]
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Entries by Callum Greig
As part of their fall budget update, the Canadian government has recently introduced a new mortgage charter for the country. The charter is aimed at regulating the mortgage industry in Canada, an industry that has faced some turbulence in recent times due to rising interest rates and a slowdown in the Canadian housing market. While […]
Are you a homeowner or homebuyer who is juggling budgeting for your mortgage amidst an ever-changing economy? We have some news for you: The Bank of Canada has announced that it will hold its benchmark interest rate steady. This positive news could mean savings in your pocket and lower overhead expenses on housing if inflation. […]
Buying a home is an exciting experience and a significant financial decision. It’s important to take every precaution to ensure that it will be a successful purchase, and one of the best ways to do this is through mortgage pre-approval. Mortgage pre-approval gives you guaranteed access to the funds needed for your desired home loan, […]
The Canadian government has introduced a new and exciting program called the Tax-Free First Home Savings Account, which will launch on April 1st, 2023. The program is designed to help young people save for their first home purchase by offering tax savings benefits. Contact Callum Greig today to get the ball rolling on this initiative. […]
The Basics of Canadian Mortgages Introduction Navigating the world of mortgages in Canada can be overwhelming, especially for first-time homebuyers. Understanding the basics of Canadian mortgages, including key terminology and options available to you. This blog post will discuss essential information about Canadian mortgages, including mortgage types, rates, pre-approvals, and how to qualify for […]
Do Not Buy The Best House in the Neighborhood 1. It’s out of your Budget The number one reason why you never buy the best house in the neighborhood is because it’s out of your budget. The best houses in any given neighborhood are typically the most expensive, so unless you have a large budget, […]
Understanding Canada Mortgage Rates: An Overview Mortgage rates in Canada vary depending on the type of mortgage, the lender and the borrower’s credit score. The average conventional mortgage lending posted rate for loans with 5-year terms was 7.18% in 2020 according to Canada Mortgage and Housing Corporation (CMHC). For those looking to buy a home, […]
What are the different types of mortgages available in Canada and what’s the best for me? Homeownership is an important financial investment and having the right type of mortgage can make all the difference. In Canada, there are several different options when it comes to mortgages. These include fixed-rate mortgages, adjustable-rate mortgages, and hybrid mortgages. […]
Keys to the Lowest Rate Ready to buy a house and winning the lowest rate. Your mortgage rate is heavily influenced by the characteristics lenders look for in borrowers. To get your best possible deal and make sure you meet all of their criteria. Have an impressive credit score, demonstrate stable income and employment […]