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So far skyfinancial has created 188 blog entries.

Find out how To Pay Off your mortgage sooner

Find out how To Pay Off your mortgage sooner   Paying Off Your Mortgage sooner Having a residence may be incredibly costly depending on where you live. Most homeowners need to take out a mortgage to finance the purchase of their real estate investment in case they're not able to buy it outright. Though mortgages [...]

By |2019-01-11T19:05:14+00:00January 11th, 2019|Mortgage Tips|0 Comments

How Can I invest in the Canadian Real Estate?

How Can I Invest in the Canadian Real Estate Market? Before deciding that you are going to invest in real estate it is vital to do your research, particularly when it comes to funding and mortgages. Taking out additional mortgages as a way to buy investment properties can be tricky - especially when so many [...]

By |2018-11-16T19:26:57+00:00November 16th, 2018|Investment Properties|Comments Off on How Can I invest in the Canadian Real Estate?

Mortgage Stress Test and First-Time home buyers

MORTGAGE STRESS TEST ADDRESSED AT THE CONFERENCE On Monday Oct 29 2018, CMHC addressed a few questions regarding the regulatory changes in the mortgage industry at the National Mortgage Broker conference The mediator for this seminar was the President of the "Mortgage Professionals Canada". The discussion was mainly about the Mortgage stress test ie; B20.  CMHC [...]

By |2018-10-31T16:12:56+00:00October 31st, 2018|Economy, Mortgage Rules, Stress Test|Comments Off on Mortgage Stress Test and First-Time home buyers

Canada’s Housing Market: Slow and Steady Wins the Race

Canada’s Housing Market: Slow and Steady Wins the Race Following the federal government’s latest mortgage requirements, the Canadian housing market has seen a dramatic downturn in sales. Over the past few months, cities such as Barrie, Toronto, and Vancouver have gone from having houses sell within 24 hours to houses sitting for weeks - in [...]

By |2018-10-30T17:59:17+00:00October 30th, 2018|Economy|Comments Off on Canada’s Housing Market: Slow and Steady Wins the Race

How Have the New Mortgage Rules Impacted the Price of Homes throughout Canada?

How Have the New Mortgage Rules Impacted the Price of Homes throughout Canada? The last few years have brought great change to the Canadian housing market, primarily due to the most recently implemented mortgage rules that were put in place. While these changes and rules have been put in place as an attempt to protect [...]

By |2018-10-10T22:31:19+00:00October 10th, 2018|Mortgage Rules, Stress Test|Comments Off on How Have the New Mortgage Rules Impacted the Price of Homes throughout Canada?

Your mortgage is about to get more expensive

The Bank of Canada raised its benchmark interest rate to 1.25 per cent Wednesday and signaled that, barring certain risks, more hikes are likely in the rest of the year. That’s creating an unusual situation for Canadians: for the first time in years, those renewing mortgages will be faced with higher rates and an increase in [...]

By |2018-01-20T15:41:38+00:00January 20th, 2018|Economy|Comments Off on Your mortgage is about to get more expensive

What you need to know before buying a home

Many first-time home buyers are surprised to discover just how many ways you can mess up the home financing when buying a home. You may received your pre-approval, found a home you loved and made an offer. But if you want to avoid messing up the transaction, you will need to be extremely careful until the sale [...]

By |2017-12-07T19:21:59+00:00December 7th, 2017|Mortgage Tips|Comments Off on What you need to know before buying a home

Pay less tax on rental properties

Q: I have five rental properties in my name. Should I switch them to a numbered company? –Travis A: Hi, Travis. Incorporating a holding company to own rental properties has some advantages and disadvantages depending on the objectives you have in mind in both the short and long term. However, you should first speak with a [...]

By |2017-11-24T16:35:14+00:00November 24th, 2017|Investment Properties|Comments Off on Pay less tax on rental properties

Complex mortgage rules boost value of mortgage brokers

   More complex mortgage rules boost the value of mortgage brokers.  The last quarter of 2016 brought considerable change to Canada’s residential mortgage business. In October, the Department of Finance Canada announced new mortgage rules that have had a tempering effect on the market. Then, in late December, the Office of the Superintendent of Financial [...]

By |2017-02-08T16:10:24+00:00February 8th, 2017|Mortgage Rules, Mortgage Tips|Comments Off on Complex mortgage rules boost value of mortgage brokers