Keep up to date with new project updates, helpful tips on owning and buying a new condo, and much more.
For the first time in almost three years, the Bank of Canada’s minimum mortgage qualifying rate has dropped to 5.19% from 5.34%. The central bank’s new rate has a slight effect on the mortgage stress test for those with uninsured mortgages.
Further details have just been released about the First Time Home Buyer Incentive program that was initially announced during the last federal budget. The initiative could see Canada's housing agency contribute up to 10% of the purchase price of a buyer's first home.
CBC News just released an article stating Canadian homebuyers are being offered some of the lowest mortgage rates seen in years as lenders battle for borrowers business. Rates on a standard five-year fixed-rate mortgage have fallen to their lowest level in two years, according to rate comparison website, Ratehub.ca.
The layout of your condo, the features you want, the finishes, colours and materials are all very personal decisions that are unique to you. What's important to you may not be important to someone else. We choose the clothes we wear, the decor on our walls and even the cases on our phones. Why settle for a space designed for the masses when you have the opportunity to create something exactly how you want it?
In the hunt for a perfect home, there are a variety of reasons why many people decide to purchase a new or pre-construction condo. Some may be drawn to the ease of incrementally paying the deposit, while others want to be the first person to live in a home, picking their finishes and customizing the layout. Many still are drawn to the benefit of their home rising in value while it's being built.
The home buyers’ plan (HBP) helps first-time home buyers save for a down payment by allowing them to withdraw from their registered retirement savings plan (RRSP) to purchase or build a home without having to pay tax on the withdrawal.
The 2019 Federal Budget includes what could be a very attractive pitch for prospective first-time home buyers. In short, it could see Canada's housing agency contribute up to 10% of the purchase price of a home, bringing down the mortgage amount for borrowers.
Buying a home is a very exciting and rewarding moment. There’s nothing quite like the feeling of being the master of your own domain. Unfortunately though for some, due to poor planning, it can quickly lead to unforeseen regret.
When you consider purchasing a condo ensure you’re doing it with a company that believes in building not just great condos but great relationships as well. John and Jill are a couple who purchased a beautiful suite at Canal Lofts. They had a lot of life experience and knew not only what they wanted in a condo but what they expected of us as the designer and developer.
As RRSP season approaches, many of us feel the need to move all of our savings into stocks, bonds, and mutual funds to reduce our income tax burden. Upon further analysis, many feel they're not seeing the results they want from this type of investment.
