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Pre-Construction Condo Conundrum

August 25 Deal of the Week - Pre-Construction Condo Conundrum!  Lawrence purchased his pre-construction Condo in Toronto in 2013 and ran into problems when it came time to find a mortgage 3 years later. His credit score took a huge hit ...

Millennial Migration Due To Red Hot Market

The numbers are in: Canadian home prices have been growing by 2.0% per month on average, and 10.9% year-over year. The red-hot Toronto market saw a 3.1% increase in home prices, and Vancouver had a 2.3% increase despite the new ...

Property Investment With Alternative Down Payment Options

Becoming a real estate property investor can be very lucrative, but the financing for multiple properties can get tricky; especially when most of the investor's equity is already tied up in properties. Private mortgage lenders offer alternative financing solutions for ...

Down to the Wire!

August 8-14 Deal Of The Week  Andy from Oakville, Ontario had come under hard times at the beginning of the year when he lost his job. Unable to find work, the bills started piling up and he found himself in mortgage ...

4 Factors of Private Mortgage Financing

1) Time Constraints Need to fund yesterday? Don't hold your breath for conventional bank lenders. For cases of emergency when equity in the property needs to be accessed immediately, or there is an imminent risk of foreclosing/eviction, a private mortgage ...

BC’s New Foreign Buyer Tax

On July 25th, British Columbia's Premier Christy Clark announced a forthcoming 15% tax on non-Canadians buying residential real estate in order to curb the Vancouver area's overheated housing market. There has been a wide array of reactions to the new ...

The Changing Face of the Mortgage Industry

Since the 2008 real estate and mortgage market fallout, there have been desperate attempts on the part of the banks to keep interest rates low and tighten up the lending regulations in Canada. The Canadian Mortgage and Housing Corporation (CMHC) ...

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