Capital Mortgages Inc is an independent brokerage in the Mortgage Centre Canada Network and one of Ontario’s leading real estate mortgage brokerages with offices in Ottawa and the valley.

The Best Holiday Gifts for New Homeowners

It’s that time of year again! The holiday season is upon us. No doubt you have a long list of gifts to buy for all the important people in your life. If some of those people are new homeowners, they will likely be looking forward to spending their first Christmas in their new home. To commemorate this important milestone, here are some extra special gift ideas for new homeowners:


Key Holder

What’s one of the most frustrating things about being a homeowner? Losing your keys! Ensure this never happens by gifting the new homeowner with a stylish key holder that will take pride of place in their entryway.


New Home Christmas Ornament

Give the gift of a happy reminder that will be brought out year after year to adorn the Christmas tree! A personalized ‘new home’ ornament is the perfect way for the new homeowner in your life to always look back fondly on the first Christmas in their new home.


Personalised Painting

Commission a local artist to paint or draw a picture of the new home, so that it can hang on the wall for many years to come. Even if the homeowners eventually move, the picture will serve as a joyful reminder of the home in which they shared many happy memories.


Engraved Cutting Board

If the new homeowner is a whiz in the kitchen, consider getting them a personalized cutting board that is not only practical, but looks great too. If they would prefer not to use it, they can display it in the kitchen instead.


Personalized Doormat

A doormat may seem like an uninteresting gift, but it is likely something the homeowner will not purchase for themselves! There are many options these days, from decorative to comedic, giving you the opportunity to pick the best doormat that fits the homeowner’s personality. For an extra special touch, get a personalized doormat with the homeowner’s name.


Champagne Flutes

Christmas means holiday parties, hosting friends, and celebrating the year that has just passed. Help the new homeowner see the holiday season through in style with some attractive champagne flutes that they can use to toast other important milestones in the years to come.


Scented Holiday Candle

Scents can evoke powerful memories, especially at certain times of the year. Do you have a favourite Christmas scent? Bring the wonder of the holiday season indoors by giving a beautiful scented candle this Christmas.


Are you excited for the holidays? At Capital Mortgages, we love this time of year as it gives us the chance to reflect back on all the wonderful times we have shared with our valued clients. If you are looking to buy a home in the new year and would like to learn more about the financing options available to you, do not hesitate to reach out to the experienced team at Capital Mortgages. Whatever your situation, we can help you find a solution that best fits your needs.


Capital Mortgages is the best choice for First Time Home Buyers.

How to shop for the Right Home without Breaking the Bank

Most first-time homeowners who get good deals do so because they speak to a qualified mortgage broker like those at Capital Mortgages, who make the process of buying a home a walk in the park.

The captivating nature of a dream home is hard to downplay. However, conservative purchasing requires that you be able to let go of every unit that is priced above your budget. Resist the temptation to negotiate with your broker to approve a larger mortgage that will eventually strain your finances.

This is so because a responsible homeowner knows what he can comfortably afford, sets a budget and purchases within the said budget. Picking up a huge mortgage limits your discretionary income or funds that should be available for emergencies.

Essentially, this means that self-control matters most. So, if you are out looking to buy your first home, these three top tips will help you remain within your budget:

Steer clear of multiple offers

A great house with a price tag far lower than its neighborhood standards is most likely a sales trick to generate interest that eventually degenerates into a bidding war. If you come across such a home and its price is near the apex of your budget, you are better off walking away as the pressures of the impending bidding will easily wear you down.

However, if it is well within your budget, then you can put in one good offer. If you get a further invitation to throw in another bid,
disregard the seller and keep scouting for another unit.

When shopping, value your conscience, not emotion

Most first-time homeowners often get emotional when buying a home. This is a mistake you should avoid. Importantly, you should avoid falling in love with a house you are yet to buy or allow your ego to throw you in an unnecessary bidding process.

Lastly, never forget that you are buying a starter home

Research by Genworth Canada shows that 50% of people buying their first homes view these as starter homes. Most such homeowners have plans of moving inside a decade. These years fly by especially if you are raising a family, enjoying your life and doing home improvement works that make you enjoy your home even more.

Spend moderately and get a good home that is well within your budget. Then, over the next ten years, build equity so that when you revisit the market, you can buy the quintessential dream home.