by debtcancel | Aug 7, 2018 | House Tips, Mortgages
Q: I know fixer-uppers provide excellent value, but I’m worried I’ll be in indefinite renovation mode for years if I pay for one home improvement project at a time. Should I stick to a turnkey property? A: You’re right, fixer-uppers offer excellent value. (And no, you...
by debtcancel | May 14, 2018 | Mortgages
Canadian real estate borrowers are paying their mortgages at a near record pace. Filings with the Canadian Bankers Association (CBA) for the first quarter, show mortgages in arrears have fallen to new lows. The largest markets of Ontario and BC are just off of record...
by debtcancel | May 9, 2018 | Credit Health, Mortgages
The latest set of federal mortgage rules has been blowing a cool wind over almost every Canadian real estate market. With the exception of Ottawa, Montreal and a few others, home prices have slowed down or dipped, sometimes upsetting the calculations of homeowners...
by debtcancel | Apr 18, 2018 | Mortgages
According to the 2016 Census, seniors now outnumber children for the first time in Canadian history. With an estimated 5.9 million Canadian seniors, the population is not only growing older but the pace of change is accelerating. This is all very positive news, but...
by debtcancel | Apr 12, 2018 | Credit Health, Mortgages
You will agree much has changed in the economy, real estate market and your life since this time last year. As a homeowner with a mortgage, it is important to maximize your potential savings. Don’t wait until your mortgage renewal to consult your broker. Take...
by debtcancel | Mar 15, 2018 | House Tips
Spring is the season to renovate. Here are a few ideas to add to the appeal of your property and make your time at home more enjoyable: Kitchen or Bathroom Remodel A re-paint of the cabinets and fresh coat of paint on the walls will get you the best bang...
by debtcancel | Dec 31, 2017 | Credit Health
Happy New Year! We normally equate the New Year to resolutions. Make 2018 memorable by implementing one, some or all of the following resolutions to achieve financial well-being. PAY CREDIT CARDS OFF MONTHLY Credit card companies will never make a cent off of me. You...
by debtcancel | Nov 29, 2017 | Testimonials
Mr and Mrs purchased a home in Dundas, Ontario for $2,610,000. Prior to doing so, they consulted with their bank, who assured them there would be no problem with the financing. Based on their bank’s assurance, they made a firm offer to purchase. Their bank backed out...
by debtcancel | Nov 16, 2017 | House Tips
Winter is just around the corner. Here are some helpful tips to protect your home, minimize your heating bills and make your winter more pleasurable: A visual inspection of your roof can identify lose or missing shingles and damaged flashing. Spending a little time...
by debtcancel | Oct 19, 2017 | Mortgages
Effective January, 2018, the qualifying rate for uninsured mortgages, (20%+ down payment), will be the greater of the five-year benchmark rate published by the Bank of Canada, (4.89% today), or the contractual mortgage rate + 2%. In plain English, IF the 5 year...
