The holidays are a season of giving and often times, households can often find themselves carrying some extra debt as we enter the New Year. If you happen to be someone currently struggling with some post-holiday debt, that’s okay! Whether you’ve accumulated multiple points of debt from credit cards or are dealing with other loans […]

Canadian Home Prices Fell For the Ninth Consecutive Month As Activity Slowed. Statistics released today by the Canadian Real Estate Association (CREA) show home sales edged down in November. National home sales fell 3.3% between October and November, continuing the moderating sales trend that began last February on the precipice of unprecedented monetary policy tightening. […]

Effective January 1, 2023, foreign buyers will be prohibited from purchasing residential property in Canada for a period of two years in an attempt to address the inflation of housing prices. The following article highlights the key points in the policy.   Foreign Buyer Ban in Effect January 1, 2023 The Prohibition on the Purchase […]

3 Advantages of a Pre-Approval. While getting pre-qualified can give you a ballpark estimate on what you can afford, getting pre-approved is where the real magic happens. Mortgage pre-approval means that a lender has stated (in writing) that you do qualify for a mortgage and what amount, based on submitted documentation of your current income and credit […]

So, You Want To Be A Landlord? Are you dreaming about owning a rental property and making some extra income each month? Before diving into becoming a landlord, there are some things you should know from the advantages and disadvantages to some tips when it comes to buying a rental property. Advantages of Owning a […]

By now we have all digested the latest interest rate hike but if you are like the many, who are in a variable mortgage, I am equally sure that you are wondering if we are getting close to the interest rate ceiling.  Dominion Lending Centres Chief Economist Dr. Sherry Cooper discusses her thoughts on future […]