Housing activity down nationally for November.
Home Sales Cool in November, While Prices Still Rise as per the Canadian Real Estate Association. November produced the largest national monthly decline in activity since 2012. The number of home resales stands at its lowest level since September 2015. This may be in part because of the new mortgage measures instituted by the […]
Barrie Market Update for November 2016
Barrie, ON Market Update – November 2016 Fierce competition in the Barrie housing market has led to an all-time low in overall supply. Don’t worry though! There are still enough new listings in Barrie each month for buyers to take advantage of. As your trusted Barrie mortgage broker, it is part of my job to […]
Land transfer tax rebate for first time buyers to double.
Finance Minister Charles Sousa announced that the first time home buyers land transfer tax rebate will be doubled to equal a maximum $4000. Land Transfer Tax is paid every time a home changes hands in many Canadian provinces. In Ontario this tax is calculated by .5% of the first $55,000 of the purchase price, […]
House Hunting in todays busy real estate market
Are you house hunting in a fast paced real estate market like Toronto, or Barrie? Yes, I said Barrie. “Housing activity in the Barrie region remains on track to set a new annual record in 2016, provided new listings manage to keep up with demand through to the end of the year,” said Mike […]
Why A CHIP Reverse Mortgage?
What do you see when you sit down and imagine your retired self? For many people they see themselves relaxing in their home without many worries. While this is the dream, the reality is that people can be in for an unexpected surprise. A Canadian Home Income Plan is a reverse mortgage solution that helps […]
3 Great Reasons Why You Should Refinance Your Mortgage
If you didn’t already know, there are many reasons why refinancing a mortgage could be extremely beneficial to you. Maybe you need some extra money to renovate your home or maybe you want to pay less each month. Whatever your reasons entail, a Barrie mortgage locator like myself can help you determine if refinancing is […]
PRIVATE MORTGAGES CAN IMPROVE YOUR FINANCIAL WELL-BEING!
A private mortgage can improve your financial well-being and using a reputable mortgage agent/broker will advise when it is suitable for your circumstances to enter into a private mortgage. Your mortgage agent will also advise a financial action plan to refinance you down the road to return to the prime lending marketplace. Here are the […]
WHAT IS A CREDIT REPORT AND WHY IS IT NECESSARY?
What is a credit report and why is it necessary? It’s easy, it provides proof of your creditworthiness. Plain and simple! In this day and age, it’s rare to find someone who doesn’t have some form of credit. This can include credit cards, personal loans, lines of credit, car loans, student loans, mortgages and more. […]
IS A CHIP MORTGAGE RIGHT FOR YOU?
IS A CHIP MORTGAGE RIGHT FOR YOU? Written by Anne Martin Are you or someone you know above the age of 55 and having trouble making ends meet? Are funds needed to cover the costs associated with an illness, disability or life event? Perhaps it’s time for a home repair or renovation, such as […]
So, What does that mean?! Mortgage terms explained.
SO, WHAT DOES THAT MEAN?! MORTGAGE TERMS EXPLAINED What does all that technical mumbo jumbo mean? Here are some common mortgage related terms. Getting a mortgage can be a daunting task. There is so much to know and understand including some pretty confusing language. Borrowers are often confused by terminology like the difference between amortization […]
