How to qualify for a mortgage in Canada if you’re self-employed

How to qualify for a mortgage in Canada if you’re self-employed

Buying a home when you’re self-employed can be tough. Even though 1 out of every 5 income earners in Canada is self-employed, it’s still challenging for this demographic to get a mortgage. The biggest hurdle is proving income. When you’re employed with someone else,...
Canada’s new mortgage down payment rules took effect this week

Canada’s new mortgage down payment rules took effect this week

The new down payment rules are in full effect. When you purchase a home worth over $500,000, you must put 10% down on any additional amount above $500,000. If you’re buying a home at $500,000 or under, you’ll still pay just 5% for your down payment. Finally, on any...
How to save money on heating your home

How to save money on heating your home

Winter is here to stay for a few weeks. One downside to this season—especially in Canada—is the need to heat our homes more. The colder the weather gets, the harder your furnace has to work. And, of course, the more our furnace works, the higher our heating bill gets....
Are you thinking of buying an investment property?

Are you thinking of buying an investment property?

Buying an investment property is rapidly becoming the preferred investing method. Real estate values usually rise as time passes, so people consider real estate a secure option to invest in. Typically, the risk is low and the return is high (although you have to wait...