skyfinancial

skyfinancial

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So far skyfinancial has created 186 blog entries.

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+00:00 November 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+00:00 October 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+00:00 October 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+00:00 October 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+00:00 January 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+00:00 December 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+00:00 November 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+00:00 February 8th, 2017|Mortgage Rules, Mortgage Tips|Comments Off on Complex mortgage rules boost value of mortgage brokers

What the New Mortgage Landscape Means for You

Since the financial and housing crisis that gripped the world in the middle of the last decade, governments across the world have tightened regulations in an effort to reign in lending, and make the market more stable. Here in Canada, we did not suffer the same consequences of the U.S. housing crisis, but over the [...]

By | 2017-01-04T01:02:16+00:00 July 22nd, 2015|Mortgage Tips|Comments Off on What the New Mortgage Landscape Means for You

Debunking Some of the Top Canadian Mortgage Myths

Applying for a mortgage can be a worrying time for those looking to get onto the property ladder. There are countless myths about getting a mortgage in Canada - let’s look some of those myths and the truth behind them. Myth - You need a down payment of at least 25% to be accepted for [...]

By | 2015-07-08T16:44:36+00:00 July 8th, 2015|Mortgage Tips|Comments Off on Debunking Some of the Top Canadian Mortgage Myths