In this blog, we will explore early mortgage renewal, provide practical mortgage renewal tips, and delve into understanding mortgage renewal rates in British Columbia. Our goal is to equip you with knowledge and tools to confidently navigate your mortgage renewal journey.
Over the past decade, the landscape of residential mortgage credit in British Columbia has experienced remarkable expansion. The consistent and robust growth in this sector is attributable to various factors, including increased demand for housing spurred by favourable demographics, urbanization trends, and historically low-interest rates.
Within this evolving landscape, an interesting development is the rise of Mortgage Investment Corporations (MICs). These unique entities have emerged as potent players in the lending ecosystem, offering attractive alternative lending sources for investors and borrowers alike.
In this blog, we’ll dive into the nitty-gritty of prepayment penalties and provide you with the knowledge and tools to navigate them smarter. From understanding the different types of prepayment penalties for breaking a mortgage to learning how to negotiate with your lender, we’ll cover everything you need to know to make an informed decision about your loans.
Are you considering building a new home or renovating an existing property? If so, construction mortgages can provide you with the financing you need to make your vision a reality.
There’s no denying that the prospect of building your dream home from the ground up can be exhilarating. You have the freedom to choose the perfect piece of land, design every detail of your home, and watch your vision come to life before your eyes.
As of 1 January 2023, Canada bans foreign home buyers, a move aimed at curbing unproductive foreign ownership and bringing down housing prices across the nation.
The foreign buyer prohibition, which is supposed to expire in 2025, has been met with mixed reactions from people across the country as some favour the move, and of course, others oppose it. This is just one of several housing policies adopted by the government, including a 10-year national housing strategy and new investments for low-income Canadians.
Of all the countries in the world, Canada has one of the best reputations. Known as a friendly country that’s inviting and open, inhabited by people who are welcoming and respectful of others’ cultures, here those keen can enjoy and connect with others. As I often get asked if it’s possible to buy a house in Canada as a non-resident, this blog is aimed to answer all your questions around this topic.
Despite high real estate prices, ineffective regulation, and a lack of unbiased info, Canada continues to attract a large volume of real estate deals even following the Covid-19 pandemic. But with so many buyers investing in a wide range of residential, commercial and industrial properties, can Canadian non-residents get a piece of the pie too? In today’s blog we’ll discuss what mortgage options non-resident buyers have in BC’s current housing market.
If you are a homeowner in British Columbia, Canada, and are experiencing mortgage arrears, you may be wondering about your options. Mortgage arrears refers to an unpaid debt on a loan that has been secured by a property. In the case of mortgages, this means that if you cannot make the payments on your home loan, the lender can foreclosure and apply for an order for sale.
If you’re going through a separation or divorce, you may be wondering what will happen to your mortgage. In BC, Canada, there are a few different options for how to handle your mortgage after separation. We understand that this is a difficult time for you, and we are here to help you through it. Continue reading to learn more about your options.
Canada enables its citizens to live the best lives they can in many different ways. One of them is by offering extra support to seniors in the shape of a specially designed loan called “reverse mortgage”.
