With the warm weather in full swing and many pandemic restrictions still in place, an increasing number of Canadians are considering buying a cottage to spend their weekends relaxing in nature and away from the hustle and bustle of city life. Before you take the plunge...
When entering today’s red hot real estate market, it’s easy to feel excited by the prospect of how much your home will grow in value in ten, five or even just two years. We’ve all heard stories of people who have bought a home for...
It bears no need for repeating, but we’ll say it once again – Ottawa (and most of Canada) is experiencing the hottest ever real estate market in history. If you’re a property owner and are looking to move this year, there’s no better time to...
The term “rate hold” may be something you are familiar with if you have worked with us in the past. If not, it is a term that all prospective buyers should know! A rate hold is offered by the majority of lenders to clients who are...
Thinking of selling your home? Lucky for you, Ottawa is currently experiencing a resounding seller’s market, with the average price of homes sitting at a historical all-time high. To generate even more income from the sale of your property, why not consider some of the...
There’s no denying it – owning a home in today’s incredibly competitive real estate market can be daunting. From bidding wars to the highest property prices in history in Ottawa, it can seem like much more comfortable of a bet to rent. However, there are...
Property prices in Ottawa neighbourhoods have been on the rise for years, with the average price of home sitting at $677,197 at the time of writing. That is no small number, and one that can easily feel discouraging for a single person looking to buy...
Congratulations! You’ve found your dream home, have been pre-approved for your mortgage and have all the funds ready for your down payment. Buying a house is a moment many people dream of, and it is one of the most important milestones in many of our...
If you’re considering flipping a house, chances are you’ve watched a couple of HGTV episodes and figure the process is fairly straight forward. Buy a fixer-upper, give it some tender loving care and before you know it, you’ve made a sizeable chunk of change! While the...
Chances are, you’ve heard from countless people that owning a home is the best financial decision you can make. By investing in property, you’re accumulating net worth over time. By renting, you’re “throwing money out the window”. Although people will always need a place to live,...
Do you know exactly what kind of home you’d like, but are unable to find it on the market today? Or perhaps you just want to be the very first person to live in a house that’s been tailored to your specific preferences and tastes? Regardless...
News of the impending Pfizer vaccine has brought optimism to many Canadians, with a seemingly tangible solution to the COVID-19 pandemic in sight. While the fact that it’s been proven to be 90% effective in clinical trials is great news, it’s also left many of...
As the COVID-19 pandemic drags on, one trend that doesn’t seem to be tapering out anytime soon is the large number of city dwellers trading their urban properties for country living. With many of us still working from home, or having switched to remote work...
Due to the unprecedented amount of time people are now spending in their homes, the demand for larger homes has increased. People are selling their previous dream homes for new ones that can accommodate everything from online learning to at-home workouts to working from home....
The pandemic has had an incredible impact on many peoples biggest life decisions. From selling or buying homes, to delaying or changing wedding plans, to cancelling birthdays and reimagining retirement entirely - it is without a doubt that the impact of the pandemic on peoples...
People often contact us wondering just how they’ll be able to afford a home in today’s market. The good news? From a low down payment mortgage to using your Registered Retirement Savings Plan (RRSP) as a source of funds, buying a home has never been...
Being offered a better mortgage rate can seem very enticing at first glance. After all, who doesn’t love the idea of lower monthly payments – especially in an ongoing pandemic? However, that being said, breaking your current mortgage doesn’t come without its own set of...
For the third time since the pandemic began, the Bank of Canada has formally lowered the average mortgage stress test rate they base their calculations on to 4.79% - making it easier for potential home buyers to purchase property. Initially announced in 2017, the test was...
Choosing what kind of mortgage to get has historically been one of the trickiest decisions that an applicant can make. However, nowadays the difference between a fixed and variable mortgage is so apparent that the choice is becoming increasingly straightforward. With only 20 basis points or...
With Canadians and the Canadian economy facing an unprecedented level of uncertainty due to the ongoing COVID-19 pandemic, the Bank of Canada has reassured prospective homeowners that its interest rates will remain at a near historic low for several years to come. The Bank’s Governing Council...
Most people believe that getting their credit report from Equifax or Trans Union Canada is the quickest and most accurate way of measuring their credit score and of forecasting whether they’d be approved for a mortgage. However, what many of them don’t know is that...
When the pandemic shut down the Canadian economy in March, Canada’s Big Six banks were quick to offer help to homeowners in the form of deferred mortgage payments for six months. The result was seemingly a success – payments were deferred on more than $180...
If you have a less than ideal financial history and are worried that there might not be any financing options available to you when the time comes to buy a home, set those concerns aside. While you might not qualify to work with an A...
Most Canadians spend over half of their monthly income on mortgage payments, which is far greater than the 30% figure that’s recommended to be financially sound. There are no two ways around it - buying a home is expensive, and saving up for a down...
Did you know that you’re not obligated to stay with your current mortgage provider once your mortgage term is up? Many people simply receive a renewal email or notice in the mail and think that they are tied into working with the same lender until...
What To Know About Re-Financing Your Mortgage Throughout COVID-19 The ongoing pandemic has thrown all of us for a loop, with many people either being temporarily laid off, having their salaries cut or being let go altogether. It’s a scary and unprecedented time that is leading...
As the time comes around for you to buy your first (or subsequent!) property, you’re likely looking at a few factors such as what kind of home you can afford, where you’d like to live and what the pros and cons are of the area...
We are currently living in unprecedented times that are difficult and challenging for everyone. There are very few industries that have not been affected by the global COVID-19 pandemic, meaning that many people are working on reduced hours or may have lost their jobs altogether....
Here’s the Average Price of a Home in Each Canadian Province While Capital Mortgages primarily services the Ontario region, many of our clients like to ask us how far their money would go in Canada’s various provinces. To help you get an idea of what you...
Wondering which communities in Canada offer the highest quality of living? Each year, Macleans releases its report highlighting 50 of the country’s best communities, ranked by factors such as wealth and economy, affordability, population growth, taxes, commute, crime, weather, access to healthcare and amenities and...