Mom and Dad to the Rescue

Mom and Dad to the Rescue

With housing affordability declining across Canada, one trend is on the rise: parents are increasingly helping their adult children when it comes to housing. That assistance is coming in the form of cash gifts/loans for today’s growing down payments, and also from...
10 Money Mistakes Millionaires Don’t Make

10 Money Mistakes Millionaires Don’t Make

So you want to be a millionaire. Sigh, don’t we all.  It might feel like a lofty goal but it turns out the underlying principles millionaires follow when it comes to their money are pretty basic. Some of them are downright boring. But they obviously work, so let’s...
What is Bridge Financing?

What is Bridge Financing?

Let’s say you have a home that you’ve outgrown, it’s time to make a move to something more suited for your family. You have no desire to keep two houses, so you decide that selling your existing home, and moving into something new is the best idea....
Is My Mortgage Portable?

Is My Mortgage Portable?

The question: ‘Is my mortgage portable?’ The answer most often given: ‘Yes.’ This answer is increasingly wrong. In reality, you may qualify to move 80% or less of the current balance. The proper question: ‘Do I need to re-qualify for my current mortgage to move to a...
Don’t Assume Anything!

Don’t Assume Anything!

A lot of people get into hot water when they assume that because they’ve qualified for a mortgage in the past, they will qualify for a mortgage in the future. This article has one point to make and it’s this: Don’t assume anything when dealing with...