Blog
Lora Behm
Mortgage Agent
Where should you put your money for a down payment?
If you are starting to save your money for a down payment it can be super confusing on where to put the money. So many different options! RRSP, FHSA, Chequing Account, TFSA, under your pillow? I am going to break down for you what accounts you should be opening and in...
Changes to Capital Gains Tax – Coming June 2024
The Federal Government announced their 2024 budget this week which made some changes to the Capital Gain Inclusion Rate. What is a capital gain? It is the difference between the assets cost & total sale prices. Typical assets include rental/investment properties,...
Changes to the RRSP Home Buyers Plan
The RRSP Home Buyers Plan is a plan that allows a first time home buyer to take money out of their RRSPs and put towards the the purchase of their new home. That money can be used for anything (furniture, down payment, your land transfer tax, etc). Because you didn't...
First Time Home Buyer Incentive Cancelled
On March 1st, the Canada Mortgage & Housing Corporation, also known as CMHC, discontinued the First Time Home Buyer Incentive effective March 21st. Don't worry, this is not a major changet! I've been getting lots of questions so I thought I would clarify. The...
Are you worried about an upcoming Mortgage Renewal?
Unbelievably, 80% of the mortgages that existed in March 2022 will be up for renewal in 2024. And with all of the talk around Mortgage Rates in every piece of media available, you might be stressing about an upcoming renewal. First of all, even if you got one of...
Should you buy or rent?
As housing prices have increased, so has the cost of rent. For most people, the chances are that if you can afford monthly rent you might be able to afford a mortgage. The real benefit of home ownership is that it helps you build equity. Consider saving the minimum...
Thinking About Selling Your Home?
If you are seriously considering selling your home, here are a few important questions to ask yourself before taking that leap. What can I expect to sell my home for? It is important that you have a rough idea about how much you might be able to sell your home for....
Investment Properties
More Canadians are purchasing investment properties and here’s why: Return on Investment: Residential real estate is a solid estate investment, typically appreciating faster than inflation. Pension Plan for the Future: Over the long term, an investment property or...
Thinking about a cottage?
Choosing to own a vacation property or second property can sound super exciting, but are your ready for the commitment? Let's weigh the pros & cons: Pros: Great Investment: Real estate has historically risen in value Rental Income: If you choose to rent your...
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