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In a bid to make home ownership within reach of more British Columbians, the B.C. government is giving a tax break to buyers of new homes worth up to $750,000. Here are 10 things you should know about yesterday’s announcement. 1.  Buyers of newly-built homes, condos and townhouses worth up to $750,000 will be exempt...
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As mortgage brokers, we work with a variety of lenders to find a fit for our clients financial needs. What many people don’t know is that the big banks only provide about 50% of all mortgages in Canada. Naturally you may wonder who makes up the other half, and the answer is monoline lenders. A...
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According to CIBC, for the sixth straight year, 26% of Canadians consider paying down debt and keeping up with their bills to be their top financial priority in 2016. With debt continuing to be a concern for many Canadians, it can be difficult to pay down multiple credit cards and loans. Instead of multiple payments,...
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