We've all heard the term "closing costs", have you been provided with an explanation of what that really means. I've outlined below things that constitute closing costs for both a sale, and a purchase. It is important to understand closing costs for a purchase do not come out of your mortgage funds. You will have to come up with this amount before the transaction closes. For a sale the closing costs would come off of the top of the sale price.Read More
There are a several new rules coming into effect on January 1st 2018 that will affect Canadians' ability to get a mortgage, and for what amount. These rules are not limited to people looking to purchase a home with a mortgage, but also apply to those looking to refinance a home.Read More
Many people may have heard the term "migration" with respect to property but have no idea what that means. That’s fair, a lot of people don’t. This blog will give a Coles notes overview of what it is and why it matters to you as a home owner or potential purchaser.