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As of May 27, 2025, first-time home buyers could save up to $50,000 on a new home thanks for the brand new GST rebate announced by the federal government. A full GST rebate on new homes under $1 million, and a partial rebate on homes between $1 million and $1.5 million. First time home buyers...If […]

When applying for a mortgage in Canada, debt servicing ratios—also known as GDS (Gross Debt Service) and TDS (Total Debt Service)—play a key role in determining how much you can qualify for. If you're aiming to increase your approved mortgage amount, the key is to improve these ratios. Two Main Strategies to Reduce Your Debt […]

When it comes to getting a mortgage in Canada, debt servicing and debt ratios are a huge factor in determining how much mortgage you qualify for. Let's take the overwhelm out of debt ratios and help you qualify for more! Debt servicing for a mortgage in Canada refers to calculating how much of your, the […]

Many homeowners often find themselves with a mortgage but don't fully understand mortgage penalties. And I get it! Buying a home and getting a mortgage can be overwhelming, to say the least! But if you're considering purchasing a home, refinancing, selling, making a lump sum payment, or need a way out, I encourage you to […]

When you're buying a home with less than a 20% down payment, mortgage default insurance is required. And most people think it’s only there to protect the lender but there are some benefits to you, the borrower, as well! But here’s what a lot of homebuyers don’t realize: that same insurance often comes with built-in […]

The Bank of Canada maintained its target for the overnight rate at 2.75% this morning on April 16, 2025. The governing council noted that the unpredictability of the magnitude and duration of tariffs posed downside risks to growth and lifted inflation expectations, warranting caution regarding the continuation of monetary easing. As per the Bank of […]

The Bank of Canada is back in the spotlight tomorrow, Wednesday, April 16, with its next rate decision. Will they cut rates? At this point, a cut isn’t expected — but with this morning’s weaker-than-expected inflation announcement (down from 2.6% to 2.3%), nothing is certain until the 10 a.m. EDT/ 7 a.m. PDT announcement. As […]

If you're considering buying a home in Canada, your first step should always be getting pre-approved for a mortgage. A mortgage pre-approval paints a clear picture of how much mortgage you qualify for and how much you can afford. Instead of guessing what you can afford, a pre-approval removes the uncertainty and gives you confidence when […]

The homebuying process can feel overwhelming, but breaking it down into clear steps and working with professionals along the way makes it much more manageable. From dreaming of homeownership to holding the keys—here’s a roadmap of how to make it happen! ✨ 1. Determine Your Budget Assess your finances and savings. Save for your down […]