by Majid Habibi | Nov 23, 2024 | Blog, Economy, Finance
As the holidays approach, the excitement of gift-giving, family gatherings and overall festive cheer is often accompanied by the challenge of managing finances. Balancing holiday spending while keeping an eye on your long-term goals can be tricky, but achievable. Here...
by Majid Habibi | Nov 15, 2024 | Blog, Homeownership, Mortgage
If you’re self-employed, chances are, you’ve found that securing a mortgage can be more complex than it is for salaried individuals. Lenders often scrutinize your income more rigorously, which can prove challenging. This is another great example where a mortgage agent...
by Majid Habibi | Oct 4, 2024 | Blog, Mortgage
Homeowners who switch lenders when your mortgage term is up for renewal will no longer be subject to stress-test rules – which add a 2% rate surcharge when qualifying your mortgage – as of November 21st, 2024Great News for Mortgage Renewals! This change provides added...
by Majid Habibi | Sep 20, 2024 | Announcements, Blog, Homeownership, Mortgage
The federal government unveiled huge changes to Canada’s mortgage system September 16th, 2024 aimed at helping make homeownership more attainable for first-time homebuyers as well as Canadians purchasing newly-built homes. This is exciting news for homebuyers,...
by Majid Habibi | Sep 6, 2024 | Blog
We’re finally getting some great news on the inflation – and, consequently, the interest rate – front! Canada’s inflation rate continued its downward trajectory in July, with the headline Consumer Price Index (CPI) slowing to 2.5%, according to Statistics Canada. This...
by Majid Habibi | Aug 16, 2024 | Blog
If you’re a first-time homebuyer, chances are, your lender will require you to pay property taxes as part of your mortgage payments. Still, many people continue to pay them like this throughout their time as mortgage holders. Once you’re no longer required to pay...
