by George Gikas | 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...
by George Gikas | Sep 18, 2020 | Blog, Finance, Mortgage
One of the most challenging obstacles toMortgage Default Insurance Helps You Buy a Home Soonership is saving enough money for a down payment. Thankfully, mortgage default insurance provides a break to homebuyers that enables you to put less money down. The...
by George Gikas | 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...
by George Gikas | 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...
by George Gikas | 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...
by George Gikas | Jun 5, 2020 | Announcements, Blog, CMHC, Finance, Mortgage
The COVID-19 pandemic is having an impact on all sectors of Canada’s economy, including housing. Job losses, business closures and a drop in immigration are adversely affecting Canada’s housing markets, and CMHC foresees a 9% to 18% decrease in house prices over the...
