Real Estate

New Canada Mortgage and Housing (CMHC) Mortgage Rules for 2012

By FT / June 25, 2012 /

In recent history, it seems that the mortgage rules have been changing every couple of years. I remember back in 2003 when I purchased my first house that the maximum mortgage amortization was 25 years. Then, someone came up with the great idea to make housing more “affordable” by increasing mortgage amortization to 30 years,…

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Getting the Biggest Bang for your Home Renovation Bucks when Selling

By Sean Cooper / June 18, 2012 /

A home is the biggest investment most people will ever make in their lifetime. With the Canadian real estate market steadily rising over the past decade, so too have the use of HELOCs (home equity lines of credit) – HELOCs have grown an astonishing 170% over the past decade. One of the main uses is…

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Are you Ready to be a Homeowner?

By Clark / May 9, 2012 /

Most of us would probably buy at least one house during our lifetime. For some, buying a home is a dream; for some, it is a definition of their success in society; for some, it is simply a shelter where they don’t have to pay rent. No matter the justification, when a person starts to…

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A Primer on Rental Lease Agreements

By Clark / April 18, 2012 /

Most, if not all, renters have to sign a (rental) lease agreement for a specified period. Generally, leases are renewable at the end of the lease period depending on the willingness of both parties (landlord and tenant). Rental agreements may vary depending on the province or state but they are similar for the most part.…

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First-time Buyer Perspective: Getting Pre-Approved for a Mortgage

By Sean Cooper / July 25, 2011 /

After years of saving, you’ve finally got enough for the down payment on your first house and you think you’re ready to go house hunting, except there’s just one problem: you have no idea what kind of house you can afford. That’s why it’s a good idea to get a mortgage pre-approval even before you…

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Ways to Finance Your Real Estate Investment

By Guest Blogger / July 15, 2011 /

Like food, real estate is one of those human essentials for which there will always be a demand. After all, real estate is where we stick our shelters. As an investment, however, real estate is notoriously capricious, a marketplace that generates big winners and big losers. So, whether your eye is on some hulking home…

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Canadians Buying Property in Florida – The Tax Issues

By FT / March 21, 2011 /

My wife asked me the other day about my thoughts on buying property in Florida.   As an East coast Canadian, I must say that the fantasy of owning property where it’s sunny most of the time is quite appealing.  Not only that, this seems like great timing as the Canadian Dollar is slightly greater…

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Buying Foreclosures in Canada – The Process

By FT / March 14, 2011 /

Once upon a time, I was a landlord and owned a couple rental properties.  As this may be old news to some of you, what you may not know is that I purchased one of the properties via foreclosure or bank sale. As I’ve been a capitalist for as long as I can remember, it…

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