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Posted August 10, 20231 Comment Real Estate news

What Happened to Pride in Home Ownership?

I’ve always believed that owning a home is something to be proud of. Something to strive for. Most people used to agree with me – but more and more I hear home ownership getting a ton of hate. What happened?

Purchasing a home was always an ideal in this country that motivated people towards financial prosperity. Renting was always a short term solution until you could buy a home. Now it seems that many people actually prefer to rent and take pride in it. How did we get here?

Posted June 26, 20231 Comment Mortgage Rates

Looking To Buy? Now Might Be the Right Time

You’ve probably heard me say this before: it’s never a good idea to time the market. But there are moments in time where if you’re looking, it might be better to act sooner than later. These times are rare, but when they do come around, they present a unique opportunity if you play your cards right. This is one of those times.

Posted June 13, 20231 Comment Bank News

You Don’t Need a Big Bank to Get a Mortgage

It’s tough to get a mortgage these days. New and existing clients have been calling non-stop letting me know that they’ve been turned down by their bank. It’s upsetting – but I must say, it’s not surprising.

Mortgage lenders are under an enormous amount of pressure to cut back on approved mortgage loans. Why? The government is desperate to slow down rising home prices, so they use their influence over the Big 6 Banks to turn down the heat.

But here’s the thing: you have options. You don’t need a Big 6 Bank to get the mortgage you need.

Posted June 8, 2023 Bank News

The Bank of Canada Does It Again

Some not-so-great news from the Bank of Canada yesterday: the target rate was raised yet again by 0.25%. This one wasn’t a complete surprise. Rates have been climbing for the last year to battle red hot inflation. Inflation is now at 4.4%, which is huge progress from 8.1% this time last year. But last month’s Consumer Index Report logged an unexpected 0.1% jump in inflation from the previous month.

Posted May 16, 2023 Money saving tips

Multigenerational Housing: What We Can Learn From the Old Country

Parents are helping their adult children buy homes now more than any other time in history. It makes sense: housing is unaffordable, so why wouldn’t baby boomer parents help lighten the load? There’s a similar trend picking up steam however that’s a little more surprising: parents and children buying multi-unit homes together.

It makes a ton of sense if you think about it. Two or three unit homes could solve a lot of problems for multigenerational families. Interestingly enough, as novel as it sounds, there’s nothing new about this idea. In fact, it’s been happening in Europe for centuries.