Why did the Tories Delay Implementation of the New Home Warranty?
There’s been a change to the New Home Buyer Protection Act, and it has some Canadians raging against the Conservative government. It all started months ago, when changes were made to the Act to help better protect new homeowners, and to ensure that proper warranties were set in place for not just a year, but…
Read moreNo Rebound? July’s Retail Sales Say Differently
Economists, analysts, mortgage brokers, and real estate agents have been going back and forth on whether or not Canada is in the midst of a rebound or not. Now, new stats have come out that show we are actually in a rebound, and those stats have nothing to do with new home sales, resales, or home…
Read moreMoney Talks: Volume 44
For the past couple of weeks, all the headlines in the news seemed to focus on one thing. If it wasn’t personal finance, it was mortgages. And if it wasn’t mortgages, it was real estate. That’s why this week, it was especially refreshing – even for us – to find topics that covered every gamut…
Read moreAre You a Student? Are You Getting Your Tax Breaks?
No, thankfully it’s not time just yet to file your taxes once again. But, students are just starting to get back into the swing of school and that means they should be saving their receipts and adding up all that money they’ve spent that they can get back come next April. So, what tax breaks…
Read moreBank Forecasts Doom, Brokers Aren’t so Sure
Scotiabank has recently come out with a new forecast, saying that the housing market is going to be slow in 2014. This, they say, will be due to factors such as rising interest rates and low housing starts, but at least one broker isn’t so sure that their forecast represents reality. The bank did point…
Read moreCalgary Case Sheds Light on just how Creative Rogue Tenants can Be
Just yesterday we talked about how the big banks are making changes to mortgage applications for income properties. Today though, we look at another problem – rogue tenants, and how landlords can help protect themselves against them. The current case is taking place in Calgary. When Rebekah Caverhill needed to rent out half of her…
Read moreLooking to Buy a Rental Property? Beware of Big Bank Changes
If you’re looking to buy a rental property, you should know about the changes by the big banks. They were introduced a few weeks ago. Of course, you know that in order to be approved for a mortgage, your broker or bank will be looking at your debt-to-income ratio. This will tell them how much…
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