U.S. Tarrifs Impact On Canada’s Housing Market

General Brad Plummer 4 Mar

The recent imposition of U.S. tariffs on Canadian goods has raised concerns about their potential impact on Canada’s economy, particularly the housing market and mortgage rates. Understanding these effects is crucial for homeowners, prospective buyers, and investors. Overview of the New U.S. Tariffs The U.S. administration has implemented a 25% tariff on Canadian imports and […]

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What is Considered a Rental Suite in Ontario?

General Brad Plummer 4 Feb

A rental suite—also known as a secondary unit, accessory apartment, or in-law suite—is a self-contained living space within a home that is rented out to tenants. In Ontario, rental suites are becoming increasingly popular as homeowners look for ways to generate extra income or accommodate extended family members. However, not all rental suites are considered […]

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How Job Loss Can Affect Your Mortgage and What You Can Do

General Brad Plummer 24 Jan

Losing your job can be a stressful and overwhelming experience, especially when it comes to managing your financial obligations like your mortgage. Your home is likely one of your most significant investments, and ensuring you stay on top of your mortgage payments during uncertain times is crucial. Here’s how job loss can affect your mortgage […]

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Understanding Credit Score Requirements for a Mortgage: Purchase and Refinance

General Brad Plummer 23 Jan

When you’re looking to secure a mortgage, whether it’s for purchasing a new home or refinancing an existing one, your credit score plays a key role in determining your eligibility. In Canada, lenders consider credit scores a reflection of your financial reliability, so it’s essential to understand how this impacts your mortgage options. Mortgage for […]

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Exciting Changes to Insured Mortgages in Canada: What You Need to Know

General Brad Plummer 23 Jan

As of December 15, 2024, the Canadian government has introduced significant updates to insured mortgage rules, opening new doors for homebuyers across the country. These changes aim to improve affordability and accessibility, especially for first-time buyers and those in high-priced housing markets. Here’s what you need to know: 30-Year Amortizations for First-Time Buyers First-time homebuyers […]

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Understanding Credit Score Requirements for a Mortgage: Purchase and Refinance

General Brad Plummer 23 Jan

When you’re looking to secure a mortgage, whether it’s for purchasing a new home or refinancing an existing one, your credit score plays a key role in determining your eligibility. In Canada, lenders consider credit scores a reflection of your financial reliability, so it’s essential to understand how this impacts your mortgage options. Mortgage for […]

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Exciting Changes to Insured Mortgages in Canada: What You Need to Know

General Brad Plummer 21 Jan

As of December 15, 2024, the Canadian government has introduced significant updates to insured mortgage rules, opening new doors for homebuyers across the country. These changes aim to improve affordability and accessibility, especially for first-time buyers and those in high-priced housing markets. Here’s what you need to know: 30-Year Amortizations for First-Time Buyers First-time homebuyers […]

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How Property Location Can Affect Qualifying for a Mortgage in Ontario

General Brad Plummer 13 Nov

When considering a home purchase in Ontario, the property’s location can play a significant role in your mortgage approval process. While most homebuyers understand factors like credit score, income stability, and debt-to-income ratio, many overlook how the area or neighborhood of a property may impact qualifying for a mortgage. For prospective homeowners in Ontario, understanding […]

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Why Do I need An Appraisal???

General Brad Plummer 9 Oct

When applying for a mortgage, an appraisal may be required as part of the lending process. Whether you’re buying a home, refinancing an existing mortgage, or taking out a home equity loan, appraisals play a key role in ensuring that both you and your lender are making a sound financial decision. Why is an Appraisal […]

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