by Majid Habibi | Nov 4, 2022 | Blog, Homeownership, Mortgage
While first-time homebuyers are often required by their lender to pay property taxes as part of their mortgage payments, many people continue to pay them like this throughout their time as mortgage holders. Once you’re no longer required to pay taxes with your...
by Majid Habibi | Oct 21, 2022 | Blog, Homeownership, Mortgage
Rent-to-own programs enable borrowers to build equity in a specific property as tenants with an option to buy the property within an established timeframe – typically between one and five years. As with any program, it’s important to understand how it works before...
by Majid Habibi | Oct 7, 2022 | Blog, Economy, Mortgage
Whether you’re in the market for a mortgage on your new home or you’re looking to renew or refinance an existing mortgage, it’s important to work with a mortgage agent who has access to multiple lender types – including, banks, credit unions and monolines, as well as...
by Majid Habibi | Sep 16, 2022 | Blog, Homeownership, Mortgage
The Bank of Canada (BoC) has raised its benchmark interest rate five consecutive times this year – most recently increasing 0.75% on September 7th. And while these increases are coming after years of historically low rates, some borrowers may be feeling the increases...
by Majid Habibi | Sep 2, 2022 | Blog, Economy
Everyone seems to be talking about inflation more than ever these days. And while Inflation in Canada has come down a little recently, it remains far too high. After rising rapidly to reach 8.1% in June, inflation as measured by the consumer price index (CPI) was 7.6%...
by Majid Habibi | Aug 19, 2022 | Blog, Homeownership
Toronto recently joined the roster of Canadian cities allowing for garden suites – secondary freestanding backyard homes that tie into a main residence’s services and utilities – which has many people wondering how this could help make housing more affordable. Garden...
