by Allen Ehlert | August 22, 2026 | Mortgages, Real Estate
Navigating the real estate market can be complex, especially when conditions like “sale of current property” clauses—commonly referred to as Sale of Buyer’s Property (SBP) conditions—come into play. With the cooling real estate market, these conditions...
by Allen Ehlert | August 21, 2026 | Mortgages, Real Estate
Mortgage lenders in Canada are often hesitant to finance properties in rural areas or properties with active farms for several reasons: Marketability and Resale Value Loan-To-Value Property Appraisal Challenges Zoning and Use Restrictions Maintenance and Condition...
by Allen Ehlert | August 20, 2026 | Mortgage Terms, Mortgages
Think you’re stuck with your mortgage for 25 years? Think again. What if I told you there may be hidden tools within your mortgage agreement that could save you tens of thousands of dollars—and shave years off your mortgage payment timeline? Even more important than...
by Allen Ehlert | August 19, 2026 | Mortgages, Personal Finance
Divorce is hard enough emotionally. But when there’s a house and a mortgage involved, things can get financially complicated very quickly. The mortgage contract doesn’t care about the separation agreement. From the lender’s perspective, if both of you signed the...
by Allen Ehlert | August 18, 2026 | Mortgage Terms, Mortgages, Real Estate
When purchasing a condo, buyers often focus on factors like location, amenities, and square footage. However, one of the most critical aspects that can impact both the value and financial health of a condo is the reserve fund. A condo reserve fund is a crucial...
by Allen Ehlert | August 16, 2026 | Mortgages, Personal Finance
With interest rate hikes, homeowners are facing the potential detonation of a financial bomb tied to their mortgages, the trigger rate. Let’s get into how a trigger point on a fixed-payment, variable mortgage can have such a strong impact on Canadians: Impact of...
by Allen Ehlert | August 15, 2026 | Mortgages, Real Estate
When a person in Canada wishes to purchase a condominium, they put in their offer to purchase a condition to enable themselves, their lawyer, their realtor, and their mortgage agent and lender the opportunity to review detailed information about the financial and...
by Allen Ehlert | August 14, 2026 | Mortgages, Personal Finance, Real Estate
In today’s economy, many Canadians face high household debt. The Home Buyers’ Plan (HBP) offers a way out. It lets you use your Registered Retirement Savings Plan (RRSP) for a down payment on your first home. This move can be a big step towards owning a...
by Allen Ehlert | August 13, 2026 | Mortgages, Real Estate
In Canadian real estate transactions, conditions are specific clauses included in a purchase agreement that must be satisfied for the deal to proceed. These conditions are designed to protect the buyer (or sometimes the seller) and ensure that certain requirements or...
by Allen Ehlert | August 12, 2026 | Mortgages, Personal Finance, Real Estate
When purchasing a property, buyers either pay for the entire property with their existing funds or they need to seek out financing by getting a mortgage. Previous to looking for a home, buyers need to have a relationship with a mortgage agent to create a financial...
by Allen Ehlert | August 11, 2026 | Mortgage Terms, Mortgages, Personal Finance
A Home Equity Line of Credit (HELOC) is not a traditional mortgage but a type of revolving credit secured against the equity in your home. Canadians are very creative in their use of HELOCs using them for everything from investing, to debt consolidation, to using...
by Allen Ehlert | August 9, 2026 | Mortgage Terms, Mortgages, Personal Finance
When entering the world of homeownership, understanding the dynamics of your mortgage is crucial for financial planning. Among the key concepts in mortgage management is amortization. This article aims to demystify mortgage amortization, differentiate it from the...
by Allen Ehlert | August 8, 2026 | Mortgages, Personal Finance
As a homeowner in Canada, the idea of breaking your mortgage may have crossed your mind at some point. Whether it’s due to unexpected life events, new financial opportunities, or personal circumstances, the decision to terminate your mortgage can have...
by Allen Ehlert | August 6, 2026 | Mortgage Terms, Mortgages, Personal Finance
Home buying is a naturally expensive thing to be doing. You not only have to pay for the house, but you have substantial closing costs as well. You might want to make your new house ‘home ready’ by getting a few new pieces of furniture and don’t forget new window...
by Allen Ehlert | August 5, 2026 | Mortgages, Personal Finance
A non-recourse loan is a type of loan where the lender’s recovery options are limited to the collateral securing the loan. This means that if the borrower defaults on the loan, the lender can only seize and sell the collateral (such as a home or property) to...
