Blog
Lora Behm
Mortgage Agent
“Why Isn’t My Rate the Same as I Saw Online?”
“Why Isn’t My Rate the Same as I Saw Online?” This is probably the most common question I get as a mortgage broker—“Why isn’t my rate the same as the one I saw online?” It’s a totally fair question. With sites like RateHub and others advertising super-low rates, it’s...
Using Your Home Equity to Buy Property Abroad: A Growing Trend
Using Your Home Equity to Buy Property Abroad: A Growing Trend Lately, I’ve noticed an interesting trend among my clients—more and more are choosing to refinance their homes here in Canada to buy property somewhere else, especially in sunny destinations like Belize...
Understanding Mortgage Rates in Canada: What You Need to Know
Understanding Mortgage Rates in Canada: What You Need to Know If you're thinking about buying a home or renewing your mortgage, understanding how mortgage rates work super important. In Canada, there are two main types of mortgage rates: variable and fixed and each...
Navigating the Spring Market: Avoiding Costly Mistakes When Buying a Home
Navigating the Spring Market: Avoiding Costly Mistakes When Buying a Home As the spring housing market heats up, many of you might be considering a move or purchasing your first home. One critical piece of advice I cannot stress enough is to avoid making significant...
Up for Renewal with a COVID Rate? Here’s What to Know!
Up for Renewal with a COVID Rate? Here’s What to Know! As the year progresses, many homeowners are nearing their mortgage renewal dates. These mortgages were often secured at the low interest rates available during the COVID-19 pandemic. Now, with current rates higher...
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...
Get In Touch
