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Why Do We Pay Property Taxes?

Why Do We Pay Property Taxes?

by Marco Abballe | Oct 16, 2020 | Blog, Economy, Finance, Homeownership

Property taxes are levied to homeowners as a way to help maintain services in your community that ensure your neighbourhood continues to thrive and remain an attractive place to live and work.   Property taxes represent a key source of funding for municipalities...
The Canadian Real Estate Market is Hot!

The Canadian Real Estate Market is Hot!

by Marco Abballe | Aug 21, 2020 | Blog, Economy, Finance, Homeownership, Mortgage

The Canadian real estate market was in good shape heading into 2020, but the busy spring season was delayed a bit thanks to COVID-19. The good news is that it has come back white hot, breaking records throughout the summer and showing no signs of slowing down anytime...
More Seniors are Taking Advantage of Reverse Mortgages

More Seniors are Taking Advantage of Reverse Mortgages

by Marco Abballe | Aug 7, 2020 | Announcements, Blog, Economy, Finance

Canadian seniors who are feeling the financial effects of the COVID-19 pandemic are showing interest in reverse mortgages as a way to stay in their current homes.   With a reverse mortgage, Canadians aged 55+ can borrow funds against home equity. No payments are...
What are Your Mortgage Renewal Options?

What are Your Mortgage Renewal Options?

by Marco Abballe | Jul 11, 2020 | Blog, Economy, Finance, Mortgage

When you took out your current mortgage, you were required to make a number of key decisions, such as the type of rate you wanted – fixed or variable – the amortization period, whether it was open or closed as well as what term you wanted.    A mortgage term...
Buying a Home for University or College Students

Buying a Home for University or College Students

by Marco Abballe | Jun 26, 2020 | Blog, Economy, Homeownership

For most parents, watching their children head off to college or university causes a wide range of emotions. Hopes and happiness are mixed with worries and sadness and the adjustment can be very difficult.    Emotions aside, there is also the weight of the...
What Do You Need to Be Preapproved for a Mortgage?

What Do You Need to Be Preapproved for a Mortgage?

by Marco Abballe | Jun 19, 2020 | Blog, Economy, Homeownership, Mortgage

Before you head out home shopping, it’s important to first determine how much you can comfortably afford to spend. Not only will getting your mortgage agent to arrange a pre-approval help you understand what lenders look for when granting you a home loan, but it will...
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