by Allen Ehlert | December 14, 2024 | 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 | April 12, 2024 | Mortgages, Personal Finance, Real Estate
Canada’s New 30 Year Mortgages Imagine this scenario: You’ve been saving up for years, patiently putting aside every spare dollar, dreaming of the day when you can finally buy your own home. As you scroll through real estate listings, you can’t help...
by Allen Ehlert | April 10, 2024 | Mortgages, Real Estate
The Canada Mortgage and Housing Corporation (CMHC) has recently announced the discontinuation of the First Time Home Buyer Incentive Program (FTHBI). The program was launched in September 2019 as part of the National Housing Strategy, offering qualifying...
by Allen Ehlert | December 4, 2023 | Mortgages, Real Estate
Wildfires in Canada are wreaking havoc on the lumber industry, with record-breaking fires burning 10 times the size of Toronto. The destruction of 4 million hectares of timber since June 6th, 2023 is having a significant impact on the wood-consuming industry. As a...
by Allen Ehlert | December 4, 2023 | Economy, Mortgages, Personal Finance, Real Estate
Why You Should Avoid Choosing a 3-Year Fixed Mortgage in 2024 Thinking of getting a three-year fixed mortgage in 2024? You might want to reconsider. While some people are tempted to time the market and assume that interest rates will go down, this strategy is risky...
by Allen Ehlert | December 4, 2023 | Real Estate
Hundreds of people are surviving on the streets in the city of London, Ontario, which is experiencing a severe homelessness crisis. The city has proposed a multimillion-dollar plan in an effort to address this pressing issue and save lives. However, opinions on this...
