Why Chasing the Lowest Mortgage Rate Isn’t Always the Best Strategy When most people think about getting a mortgage, their first instinct is to chase the lowest interest rate they can find. It is understandable. Rates are highlighted in ads, shared in headlines, and easy to compare at a glance. But here is the truth […]
First Time Mortgage Tips
First Time Buyers Info
📌 1. Can You Afford to Buy in Vancouver? The average home price in Metro Vancouver remains one of the highest in Canada. As of mid-2025, you’ll need at least $80K–$120K in household income and a minimum 5% down payment to get started. 💡 Tip: Consider looking in areas like East Vancouver, New Westminster, or […]
Potential Penalty Differences – Bank/Non Bank
IRD penalties at banks can cost you thousands! Non all mortgages are created equal and this is one massive example to this. This example has all the same information inputted on all their online calculators, which are on the internet. I started out with a mortgage amount of $450k and exactly 3 years in to […]
Accelerated vs Non Accelerated Payments
Here’s some good information, on video, that explains the difference between accelerated and non-accelerated payments. Typically bi-weekly or weekly.
Property Transfer Tax in BC
How much is the property transfer tax in BC and how can I be exempt from it? First Time Buyers, having never held title to a home anywhere in the world, can be exempt from this tax if you purchase for $500k or less. From $500k – $525k there is a partial exemption. If you […]