Mortgages

When you break up a year after buying a condo together

Q: My son and his common-law partner bought a condo together in Vancouver last year—which has since gone up in value. The relationship did not last and she would like to buy him out as both their names are on title. Are you aware of the steps involved to legally proceed with a real estate buy o ...

8 ways to start the home-buying process

Real estate isn’t just a place to live anymore, it’s now an integral part of your financial plan. But that doesn’t mean you should get in at all cost. To make it work, you need to consider the purchase of a home as part of your overall financial plan. To help you stay on track, here are ...

Causation

American stocks are over-valued by about 20%. So, a correction could carve 4,000 or 5,000 points from the Dow. Gulp. But, it’s not going to happen. At least not soon. There’s much more to come – great for those with careful US exposure and gnarly for the value of your house. US corporations ...

The choice

Yesterday we mocked Mills here on this righteous blog. Today we commiserate. We feel your pain, moisters. You get all schooled up and brimming with expectations, then what happens? Yep. Reality. It blows. Never before have so many people between 20 and 35 lived with their parents at home. Estimate ...

Following up with Home Capital’s Yousry Bissada

The most important company in Canada’s non-prime mortgage market today is Home Capital. Not because it’s the #1 lender by volume (that honour goes to Equitable Bank), but because its fate drives sentiment and liquidity in the non-prime space. And that sentiment is on the upswing. Check out Home ...

Careful

I admit it. She’s winsome. Eye candy. Made for YouTube. The woman fits right in with the other babes and hulks that Toronto’s hip Stomp Realty likes to employ as agents. But April Brockman is more than just a talented, vid-friendly presenter. She’s a one-woman marketing frenzy. Rising from h ...

I lost my home in a fire. Can I tap my LIRA to cover costs?

Q: My house was burnt in the Fort McMurray fire. I am now unemployed and my husband and I are struggling to make the mortgage payments on top of our rent payment. Our savings are now drained as well as money received from insurance—the town house was part of a condo and is being rebuilt. We hav ...

Canadian home sales edge up again in October

Ottawa, ON, November 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a modest monthly increase in October but remain below levels recorded one year ago. Highlights: National home sales rose 0.9% from September to Octobe ...

The apologist

On a day when Venezuela decided to shaft bondholders and global commodities choked, the Bank of Commerce announced next year will be Party Time for real estate in Toronto and Vancouver. Huh? Has the bank officially embraced weed, nine months early? After housing’s excess and remorse in 2017, wit ...

How, when and why to save using RESPs

Presented by Assante Wealth Management Never say no to offers of free money from the government. That’s my motto, or at least one of them. And as far as free money goes, Ottawa’s Registered Education Savings Plan (RESP) is among the most lucrative offers currently available to Canadians with k ...