Credit Cards, Student Loans & Your Mortgage
So you have some credit card debt. And you have that huge student loan hovering around you, too. But you also want a mortgage. The problem is, with all that debt, you don’t think you’re ever going to get one. But now is not the time to despair. That could just leave you giving up altogether and going into defaulted debt, which will only damage your chances of getting a mortgage even further. Instead have hope, and start understanding that debt you’re carrying around with you.
Read more“Intensification” is Up in Ottawa!
The City of Ottawa is on a mission – to build up rather than out; or rather, to get more of its residents living in apartment buildings or condos closer to the downtown core, and less in the suburbs, such as Kanata. And, according to the City’s Annual Development Report, they’ve been successful so far.
Read moreJust in Case you Didn’t Believe Prices are Going Up
Most of us have been feeling the pinch over the past several months as the prices on just about everything except mortgages keeps going up. But for those of you who still don’t believe, Statistics Canada just released the Consumer Price Index (CPI) for August 2011. While there are some slight differences from the two months prior, July and June, the results when compared with August 2010 are somewhat staggering.
Read moreMortgage Broker TV
Think about it. We watch decorating TV shows for countless hours on end (we must, there’s an entire industry dedicated to it.) We even watch shows where people look at new homes and try to decide on which ones to buy. So, why not watch a TV show about mortgage brokers, and how they help people get mortgages? This is the exact thing a B.C. mortgage broker asked himself; and in answer, he landed himself a role on a reality TV show that showcases the process of applying for, and giving, a mortgage.
Read moreKeep it Up, Toronto!
A recent report released by the Toronto Real Estate Board has shown that sales are up in Toronto for 2011 from where they were ago one year ago in 2010. And they’re way up, 25% to be exact! That’s something to boast about in a country where other large cities like Montreal and Vancouver are trying to unload all the vacancies they’ve been holding onto for the past several months. Generally when sales see such an increase, in any city, the one question people always ask is how long until those sales start to come down
Read moreThe Timeshare, the Forgotten Option
As the leaves begin to fall and the air turns crisp, many of our thoughts start to turn towards that mid-winter vacation and just where we’ll go. Perhaps stay in one of the finest hotels in the tropics? Or head out on the open water on a cruise? Or what about that forgotten place, the home away from home – the timeshare?
Read moreBaby Boomers will Drastically Shift Housing Market
Time to talk about the Baby Boomers and their upcoming retirements again. This time, the focus is on the future of the housing market as so many Boomers prepare for retirement at the same time. And it’s a report from the Canadian Press that’s got everyone talking about the impact that will have.
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