by Karen Wotherspoon | Mar 27, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
Over the past few weeks, the world as we know it has been changing at a rapid pace. Phrases like ‘self-isolation’, ‘social distancing’ and ‘flattening the curve’ have become a part of our daily lingo. We’re being asked to stay home, schools and attractions are closed,...
by Karen Wotherspoon | Feb 14, 2020 | Blog, Finance, Homeownership, Mortgage
If you’re in the market to buy a home, you know the process isn’t always easy. In recent years, mortgage insurance and qualification changes – implemented by the federal government – have made it increasingly difficult to buy a home for many Canadians, particularly...
by Karen Wotherspoon | Feb 7, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
You’ve found the home of your dreams and you’re ready to present your offer to the seller. You know the dollar amount you want to include and you’re hoping it gets accepted but, before you start embracing your new community and dreaming of backyard BBQs, you’ll want...
by Karen Wotherspoon | Jan 24, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
In 2017, the federal government announced a set of strict mortgage qualification rules including the much-talked about, and often-debated, stress test. Implemented for federally regulated lenders, the stress test was created to help alleviate overheating housing...
by Karen Wotherspoon | Jan 17, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
No one enters into a marriage thinking that one day the relationship may end. Unfortunately, the startling statistic is that 38% of all marriages in Canada end in divorce. Getting married and buying a home are two of life’s most significant milestones, so the...
by Karen Wotherspoon | Jan 10, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
Buying a home is one of the largest financial investments of your lifetime. And while owning real estate brings with it a sense of stability, achievement and a dream come true, it’s not without a certain element of risk. Mortgage fraud is a growing problem in...
