The Backyard BBQ: Things to Consider

Matt Chan • June 2, 2016

The summer season is getting close, there is talk of barbecue everywhere you go.

We love it, don’t we? And not just because of the food aspect (although, admittedly, that’s a huge factor). We love the idea of the BBQ because of the social component. It’s here that we have the opportunity to welcome our family and friends into our home with the promise of a deliciously grilled feast at the centre of the festivities.



Burgers, ribs, chicken, and steaks; smothered with barbecue sauce, in your backyard, it doesn’t get much better than this.

Are you a seasoned griller with an itch to upgrade your setup? This is for you. Are you a novice, or are you just now beginning the process of looking for a grill of your very own? This is for you, as well.

The following are things to consider as you look for that perfect backyard BBQ:



One of the first things you will want to figure out is your useage! Consider the number of people for which you could be cooking, and then buy appropriately. Yes, smaller models are generally available at a reduced rate, but more space on the grill (primary square inches) may prove crucial for those extended family get-togethers, summer block parties and miscellaneous shindigs. If you feel you may use the space, spend the money and get the real estate (within reason, of course).



Coincidently, if you know for certain that you’ll be grilling for small(er) groups consistently, than a smaller grill might just be the ticket. Either way, it will be important for you to consider these options before you invest.



Before you hand over your hard earned dollars, you should be aware of the differences between cookers, so here is a breakdown of the different types of cookers! Beware, the options are endless, and beautiful! 



Charcoal


This grill is a classic of our time. It’s simplicity of design means that it’s easy to set up and operate (with relatively few mechanical parts to get in the way). There are a few drawbacks: it can be a touch difficult to control grilling heat, and the fuel (charcoal briquettes) tends to burn fairly quickly. In spite of these things, the charcoal grill should be something to consider as you sift through the various options available to you.



Propane


Fueled by a refillable propane tank, this type of grill is easy to use and easy to clean. Not to mention each tank tends to last a good long while (you’ll find yourself refilling approximately twice a season, if you’re using your BBQ on a daily basis) The downside of these models is the tendency of the parts to… well… break, especially the igniters. Because of this, don’t be sucked in by cheaper models; Instead, go for trusty names such as Weber and Broil King. The life of your BBQ (and your igniter) will thank you.



Natural Gas


These grills rely on a dedicated gas line to provide the necessary heat. And while the initial startup cost may be a little bit high, over time, you will save (compared to the fuel costs associated with propane and charcoal). Just don’t make the mistake of buying a natural gas BBQ if your house doesn’t have the appropriate utility!



Smoker


A smoker is not necessarily going to replace your BBQ, it should almost be considered as an addition to your primary cooker. A smoker is a unique piece in that it’s designed to “slow cook” its contents, adding deep flavour and rich texture over a series of hours or days. These cookers take much, much longer to produce a finished product, however, the finished product (if done right) will be immaculate.

Three words… Big Green Egg. Described as the ultimate cooking experience, a Big Green Egg is a kamado-style ceramic charcoal barbecue cooker, and you probably need one! There are thousands of youtube channels and online communities dedicated to cooking in a Big Green Egg to help get you started or to help perfect your craft.

Warning, if you follow this link, you might get sucked into a BBQ subculture that you may never escape, biggreenegg.com. They even have an annual event called Eggtoberfest where thousands of people come together in Atlanta to experience food cooked on an egg.



Brick Oven

Okay, if you want to go all out and be the envy of everyone you know… consider building a massive open fire brick oven in your backyard! Or maybe better yet, Jamie Oliver has come out with a line of backyard brick ovens. This one is called the Dome 60 and according to Jamie, it will cook a pizza in 1 to 2 minutes, “it will cook a sardine in a minute and a half, crispy skin all over, garlic, olive oil, parsley, lemon zest, beautiful.” Who doesn’t love Jamie Oliver!

Think about it, a brick oven in your backyard could potentially change your life!

Regardless of which way you go, have a great month, get out often, and happy grilling!

On a side note, if you need a bigger backyard to accommodate your newfound passion for grilling, I can certainly give you a hand with the financing… let’s talk over some BBQ!

This article originally appeared in the DLC Newsletter for May 2016.

CONTACT

Share

RECENT POSTS

By Matthew Chan • October 21, 2026
Financial setbacks happen. Bankruptcies and consumer proposals are more common than most people realize—and they don’t define your future. Going through one doesn’t mean homeownership is off the table forever. It simply means lenders want to see that you’ve taken control, learned from the past, and built a stronger financial foundation moving forward. What lenders look at after a bankruptcy or consumer proposal How long it’s been since your discharge Your discharge date matters. For lenders, this is your reset point. There’s no law that says you must wait a specific amount of time before applying for a mortgage, but the longer your track record after discharge, the stronger your application becomes. What matters most is how responsibly you’ve managed your finances since then. Your credit rebuild Re-establishing credit is critical. After discharge, most people start with a secured credit card and use it consistently and responsibly. To be considered fully re-established, lenders typically want to see: Two active trade lines At least two years of clean payment history Credit limits of around $2,500 on each No late or missed payments Your down payment or equity The more money you can put down—or the more equity you have when refinancing—the lower the risk for the lender. A stronger down payment often opens the door to better terms and more lender options. Your debt service ratios Lenders will also look closely at how much of your income goes toward housing and other debts. The stronger your income relative to your monthly obligations, the easier it is to qualify. Conventional vs. insured mortgage options To access the most competitive mortgage products, lenders typically want to see: At least two years plus one day since discharge Fully re-established credit Minimum down payment requirements met Mortgage insurance in place if your down payment is under 20% (through CMHC, Sagen, or Canada Guaranty) Total debt obligations generally not exceeding 44% of your gross income Alternative lending options Not every situation fits neatly into a bank’s box—and that’s where alternative lending can help. Independent mortgage professionals work with both traditional and alternative lenders, including those who specialize in complex financial situations. These lenders look at the full picture: equity, income stability, and your plan moving forward. While rates and terms may not be as competitive as prime lending, alternative financing can be an effective short-term solution—especially if you need a mortgage before your credit is fully rebuilt. Let’s talk about your next step Whether you’re planning ahead for the best possible mortgage—or need a solution sooner rather than later—there are options available. If you’d like help mapping out a clear path forward, reach out anytime. I’d be happy to review your situation and help you build a plan that gets you back into homeownership with confidence.
By Matthew Chan • October 14, 2026
Retirement doesn’t always mean a mortgage-free life anymore. And that’s okay. Between higher home prices, rising living costs, and longer life expectancy, many Canadians are choosing to retire with a mortgage or refinance later in life to create more flexibility. The goal isn’t perfection. It’s having options that actually support the life you want to live. If you’re thinking about how a mortgage fits into your retirement years, you’re not alone—and you’re not out of options. Why work with an independent mortgage professional? Because retirement financing is not one-size-fits-all. Unlike a single bank, an independent mortgage professional can look across multiple lenders and solutions to find what truly fits your income, equity, and long-term plans—not just what one institution offers. Mortgage options available in retirement Traditional Mortgage Solutions Many retirees still qualify for standard mortgages. Pension income, investment income, and other retirement sources can often be used to support an application. If you have good equity and solid credit, this is often the lowest-cost option. Reverse Mortgages For homeowners 55+, a reverse mortgage can unlock tax-free equity from your home with no monthly payments required. There’s no income verification or medical questions, making it a helpful option for those who want to improve cash flow while staying in their home. Home Equity Line of Credit (HELOC) A HELOC allows you to access your home equity as needed and only pay interest on what you use. Many retirees appreciate the flexibility and like consolidating income and expenses in one place. Private Financing Sometimes life throws a curveball. If timing, income, or credit create challenges, private financing can act as a short-term bridge. It’s not usually the first choice, but it can provide solutions when traditional lenders can’t. If you’re approaching retirement—or already there—and wondering how your mortgage fits into the picture, let’s talk. A clear plan can make retirement feel a lot more secure and a lot less stressful.
By Matthew Chan • October 7, 2026
What Lenders Mean by “Good Credit” When You Apply for a Mortgage Credit is simply the ability to borrow money today based on the trust that you’ll repay it in the future. When you apply for a mortgage, lenders want proof that you’ve consistently honoured that trust by managing credit responsibly. But what does a good credit history actually look like to a lender? The 2 / 2 / 2 Rule Explained If you’re newer to credit or want a simple way to remember minimum mortgage credit requirements, think of the 2 / 2 / 2 rule: 2 active trade lines Established for at least 2 years With a minimum combined limit of $2,000 This is a common baseline lenders use when assessing credit for mortgage financing. What Counts as a Trade Line? A trade line is any account where credit is extended to you, such as: A credit card A line of credit A car loan A personal or installment loan Each trade line reports your payment history to the credit bureau and contributes to your credit score. For a trade line to be considered active , it must: Have been used at least once, and Show activity at least once every three months Why Time Matters Lenders want to see that you’ve managed credit responsibly over time , not just recently. Using two trade lines consistently for at least two years helps demonstrate stable financial habits and reliability. Understanding Credit Limits vs. Balances The credit limit is what matters—not the balance. For example: A $1,000 credit card + a $2,500 line of credit = $3,500 total limit This meets the minimum requirement You do not need to carry a balance to build credit. In fact, the best approach is to: Use your credit regularly Pay it off in full each month (for credit cards) Make all loan payments on time If your lender offers a credit limit increase and you’re managing credit well, it’s often a good idea to accept it. Higher limits—used responsibly—can strengthen your credit profile. A Simple Way to Build Credit Automatically One effective strategy is to: Put recurring bills on your credit card Set up an automatic transfer to pay the balance in full every month Automation helps build positive credit history without requiring constant attention—just be sure to monitor your accounts to ensure everything runs smoothly. What About Credit Scores? Yes, credit scores matter—but they’re not the whole story. If you: Have two active trade lines Established for two years With at least $2,000 in total limits And no missed payments …your credit score will generally take care of itself. That said, it’s still wise to review your credit report occasionally to check for errors or unfamiliar accounts. Final Thoughts If you’re thinking about buying a home in the next couple of years, now is the perfect time to review your credit and make sure you’re on track. Small adjustments today can make a big difference when it’s time to apply for a mortgage. If you’d like help reviewing your credit or understanding how it affects your mortgage options, feel free to connect anytime. I’d be happy to walk through it with you and help you plan with confidence.