Articles

Rent to own sounds like the perfect fix when you cannot quite qualify for a mortgage yet: move in now, pay rent, and buy the ...

Most condo owners assume the strata’s insurance has them covered. It covers the building, yes. But a burst pipe in your unit can still leave ...

People mix these two up all the time, and it is easy to see why. Both happen during your subject period, both involve someone walking ...

Buying a presale or a brand new home comes with a big comfort blanket: the 2/5/10 warranty. But what does it really cover, for how ...

You found a detached house you love, then you see “bare land strata” in the listing and a monthly fee. Wait, isn’t a house supposed ...

Your offer just got accepted (or you are about to write one) and now someone mentions “the deposit.” Is that the same as your down ...

You own a North Shore home worth a couple of million dollars, your income is lower than it used to be, and you want to ...

Property tax deferment is a loan from the BC government that pays your annual property taxes for you. You keep your home and your title, ...

A private mortgage is a loan from an individual investor or a mortgage investment corporation rather than a bank. They lend on the property, not ...

Sometimes, but far less often than the internet suggests. Can You Assume a Mortgage in BC? (Short Answer) Technically, most fixed rate mortgages in Canada ...

Yes, slightly. A mortgage pre approval triggers a hard inquiry, which typically costs 5 to 8 points and fades within a few months. Does Pre ...

The stress test rule has not changed: you must qualify at the greater of your contract rate plus 2%, or 5.25%. What Rate Do You ...