Articles
Certificate of Pending Litigation
A Certificate of Pending Litigation (CLP) is a legal document that is registered against the title of a property to indicate that there is a pending lawsuit involving the property.
Getting Approved for a Commercial Mortgage
So, you’re thinking about buying a commercial property — maybe it’s an apartment building, maybe it’s a warehouse, maybe it’s that strip plaza you’ve been driving past for years thinking, “One day.” Well, guess what? That “one day” could be closer than you think — if you know how to qualify for a commercial mortgage.
Fixed or Variable? Picking the Right Commercial Mortgage
When it comes to commercial mortgages, one of the first questions clients ask me — after “What’s the rate?” — is “Should I go fixed or variable?” And honestly, it’s a great question. Because unlike with your typical home mortgage, this decision isn’t just about saving a few bucks on interest.
Investing in Tenanted Property in Ontario
Explore the nuances and benefits of investing in Tenanted Property across Ontario for steady income and long-term returns.
Understanding Commercial Postponement Agreements
Postponement Agreement. If you’ve ever been involved in a commercial deal where there’s more than one lender, you’ve probably heard someone mention a postponement agreement. And while it sounds like a bureaucratic delay tactic, it’s actually one of the most important documents in multi-lender financing.
Why Agree to a Standstill Agreement?
Standstill Agreement: In the world of commercial real estate lending, not every disagreement needs to turn into a showdown. Sometimes, the smartest move isn’t to fight for control—it’s to take a breath, stand still, and let cooler heads (and structured agreements) prevail.
That’s exactly what a standstill agreement is about. It’s not about giving up rights; it’s about protecting everyone’s position when the financial waters get choppy.
How Maternity Leave Impacts Your Mortgage
If you’re thinking about buying a home, refinancing, or renewing your mortgage and there’s a baby on the horizon, you might be wondering how maternity or paternity leave fits into the picture. The truth? Lenders love stability — and nothing signals “change” quite like stepping away from your full-time salary to focus on your family, even temporarily.
Top Commercial Mortgage Mistakes
When it comes to applying for a commercial mortgage, there’s no shortage of ways to trip yourself up — and trust me, I’ve seen plenty of smart people do it. Unlike a residential mortgage, where the process is pretty straightforward and predictable, commercial lending is its own animal.
Smart Ways to Pay Off Credit Card Debt
Smart Ways to Payy off Credit Card Debt. If you’re staring down a mountain of credit card debt — say $60,000 or so — you’re not alone. Between rising living costs, high interest rates, and a few life curveballs, it doesn’t take much for balances to spiral out of control. When that happens, most people start thinking, “Maybe I should just use my home equity to wipe this out.”
How to Write Off Mortgage Interest in Canada
Unlock tax benefits by learning how to write off your mortgage interest in Canada. Follow my guide for smart tax deductions and relief strategies.
Comparing Co-Signor and Guarantor
In Ontario, Canada, the obligations to pay when a mortgage payment is missed differ between a guarantor and a co-signer. Understanding the differences between these roles can help clarify the responsibilities involved in guaranteeing or co-signing a mortgage.
How Much Does an Appraisal Cost in 2025
The process of determining the fair market value of a property plays a crucial role in real estate transactions, mortgage refinancing, and insurance purposes. If you’re looking to buy, sell, or refinance a property, understanding the cost of a home appraisal is essential.
Commercial Mortgage for Mixed-Use Properties in Canada
Mixed-use properties are everywhere — think of those buildings with retail on the ground floor and apartments up top. They’re smart investments because they give you multiple streams of income under one roof. But when it comes to financing these properties, things can get a little murky.
Don’t Get Your HELOC There!
Don’t get your HELOC there! It seems logical. You know the bank, they know you, and it feels easier to keep everything under one roof. But just because something’s convenient doesn’t mean it’s smart. When it comes to tapping your home equity, the bank that holds your mortgage might not actually give you the best deal — or the most flexibility.
How Canada’s Prime Rate Impacts You
Explore how Canada’s Prime Rate affects your mortgage, investments, and savings. Stay informed and manage your finances with confidence.
5 Smart Ways to Save on Legal Fees
5 ways to save on legal fees: Buying a home (or refinancing one) is exciting — but when you add up land transfer tax, legal fees, and all the little “extras,” it can feel like death by a thousand cuts. One of the most common questions I get as a mortgage agent is: “Allen, how can I save on legal fees?”
Preparing for a Commercial Mortgage Application
If you’re gearing up to apply for a commercial mortgage, here’s something you need to know right out of the gate: this is not your average, everyday residential mortgage application. Commercial lending is a different animal altogether.
Home Equity to Pay Off Debt Doesn’t Add Up
Debt Consolidation: Using your home equity to clear debt doesn’t always make sense. Sometimes, after factoring in mortgage penalties, fees, and timelines, what seems like the smart move can end up costing more than doing nothing at all.
Understanding Mortgage Bona Fide Sales Clause
Explore the essentials of a Mortgage Bona Fide Sales Clause and its impact on your property transactions in Canadian real estate.
How Much are Legal Fees?
Legal Fees: Buying a home in Canada is a huge milestone — but it can also feel like a never-ending list of fees, forms, and fine print. One of the most common surprises for homebuyers is legal fees. You know you need a lawyer, but what exactly are you paying for? And why do some mortgages come with higher legal costs than others?
Does Size Really Matter?
When it comes to mortgages, people often obsess over interest rates, terms, and approval criteria — but one question flies under the radar until it suddenly becomes a problem:
“Does the size of the home matter to the lender?”
Down Payments & Commercial Mortgages
… How Much Cash Do You Really Need to Play the Game? If you’ve been looking at commercial real estate and wondering how much you’ll need to bring to the table, you’re asking the right question. Unlike residential mortgages where you can sometimes squeak by with 5%...
Credit Score and Your Mortgage
Understand how your Credit Score affects mortgage rates in Canada and learn ways to enhance it for better loan terms.
Non-Resident Speculation Tax
Understand the Non-Resident Speculation Tax and its impact on Ontario’s real estate market. Find out if you’re affected and how to comply.
Property Appraisal Process
Discover how the property appraisal process can ensure accurate real estate valuation for your investments in Canada. Learn appraisal essentials today.
Understanding Second Mortgages
There’s a lot of buzz out there about second mortgages. You hear about people using them to pay off debt, help kids buy homes, or fund renovations. They sound like a simple solution — and sometimes they are. But second mortgages aren’t just a financial hack you pull out of thin air. They come with rules, restrictions, and some real fine print that’s easy to overlook.
Reverse Mortgage to a Second Dream Home
A reverse mortgage is often assumed to be a reactive option for a senior homeowner in financial need, but it’s not always the case. In fact, there are situations when a reverse mortgage can be used proactively to unlock financial opportunities.
Struggling Financially as a Senior
As a senior, it seems nothing gets any easier … especially when it comes to money. Everything gets more expensive all the time. Bills go up, taxes go up… things can get very scary! You are lucky if you have a pension, but most of those don’t keep up with today’s inflation and cost of living. It doesn’t seem fair to have worked so hard your entire life only to struggle right to the end.
Understanding Commercial Appraisals
If you’ve ever been involved in a commercial real estate deal—whether as a buyer, investor, realtor, or business owner—you’ve probably heard someone groan about how long the appraisal process takes or how expensive it is. And if you’ve only dealt with residential properties before, commercial appraisals can feel like stepping into a whole new world: more complex, more detailed, more paperwork… and yes, more money.
Appraisal Institute of Canada (AIC)
In Canada, the primary professional body that oversees home appraisals is the Appraisal Institute of Canada (AIC). The AIC sets the standards and regulations for the appraisal profession across the country.
How I Vet Mortgage Documents to Protect Your Deal
Let’s be real — in real estate, everyone plays a role. The realtor sells the dream, the lawyer protects the paperwork, but when it comes to vetting the financials, that’s where I step in. As a mortgage agent, it’s my job to protect the integrity of the deal before it ever reaches a lender’s underwriter. I’m the one who spots the inconsistencies, asks the awkward questions, and makes sure that everything adds up — literally and figuratively.
Reverse Mortgage: Cushion Against Inflation
When the cost-of-living spikes, many workers can rely on salary increases to keep pace, while retired public servants with indexed pensions may also be somewhat protected. Retirees with pensions that aren’t inflation-adjusted have more cause for concern; however, if...
The Deal Breakers: Unacceptable Property Types
You’ve found the “perfect” property — it’s quirky, unique, maybe even a little outside-the-box. You’re already mentally arranging furniture and planning summer BBQs… and then your mortgage agent drops the bomb: “The lender won’t finance it.”
Why Honest Mortgage Docs Matter
Getting a mortgage isn’t like applying for a gym membership. It’s not about looking good on paper for five minutes—it’s about proving you can carry the weight for the next twenty-five years. Lenders aren’t just handing out keys to anyone who asks. They need to trust that what you’re telling them is the truth: your income, your savings, your credit, and your job are all what you say they are.
How DSCR Impacts Your Commercial Mortgage Approval
If you’ve spent any time poking around the world of commercial mortgages, you’ve probably heard lenders throw around this mysterious acronym: DSCR — Debt Service Coverage Ratio. It sounds like something a bank made up to make deals harder, but in reality, it’s one of the most important numbers in commercial underwriting.
Funding Your Retirement: Reverse Mortgage
A reverse mortgage is a timeless financial tool that can be useful for many seniors who own their home. While it may not be the first option that comes to mind, it can be a viable strategy for homeowners even though interest rates have risen.
A Commitment Isn’t a Guarantee
You’ve done everything right—you got pre-approved, made your offer, provided every bank statement and pay stub under the sun. The lender issues a written mortgage commitment and you think, “Phew, we’re done.” Not so fast. A lot of homebuyers (and even some seasoned realtors) mistake a commitment letter as some kind of iron-clad promise. It’s not.
Featured Publications
Articles
- Extended Amortizations and Hypothetical Calculations
Office of the Superintendent of Financial Institutions (OSFI) - Minimum Qualifying Rate for Uninsured Mortgages
Office of the Superintendent of Financial Institutions (OSFI) - Residential Mortgage Underwriting Practices and Procedures
Office of the Superintendent of Financial Institutions (OSFI) - Guideline on Existing Consumer Mortgage Loans in Exceptional Circumstances Financial Consumer Agency of Canada
Book: “The Program”
- Part 1 – Building Your Down Payment
- Part 2 – Mortgage Payoff Strategies
- Part 3 – Building Wealth Through Real Estate
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