General Kim Stenberg 7 Jul
While getting pre-qualified can give you a ballpark estimate on what you can afford, getting pre-approved is where the real magic happens. Mortgage pre-approval means that a lender has stated (in writing) that you do qualify for a mortgage and what amount, based on submitted documentation of your current income and credit history. A pre-approval usually specifies […]
Read MoreMortgage Tips Kim Stenberg 5 Jul
When it comes to shopping for your perfect home, it can be hard to find the exact one ready to go! If you are looking into a home that requires improvements, there is a mortgage product known as Purchase Plus Improvements (PPI). This type of mortgage is available to assist buyers with making simple upgrades, […]
Read MoreGeneral Kim Stenberg 23 Jun
Today is the first day of summer – otherwise know as summer solstice, which is the longest day of the year! To maximize your enjoyment, we have some great tips for staying cool this summer AND saving money while you do: 1. Cook in the Great Outdoors Summer is all about enjoying the sunshine, spending […]
Read MoreLatest News Kim Stenberg 22 Jun
Canada’s consumer price index increased 7.7% in May from a year earlier, up from 6.8% in April, the fastest inflation pace since January 1983. The release confirms that the Bank of Canada is staring down the most dangerous burst of Inflation since it started targeting the consumer price index in the early 1990s. Excluding gasoline, the CPI rose 6.3% year […]
Read MoreGeneral Kim Stenberg 17 Jun
People don’t always want to talk about home insurance, but when it comes to your house there is no better investment than insurance. But, with the number of insurance products available, it can be hard to know where to start! While it can seem overwhelming, it’s a good idea to get familiar with the basics […]
Read MoreGeneral Kim Stenberg 16 Jun
Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates has broadened. In April, national home sales dropped by 12.6% monthly (m/m). National home sales fell by 8.6% between April and May, building on April’s decline, leaving monthly activity at pre-COVID […]
Read MoreGeneral Kim Stenberg 14 Jun
Everybody wants to live a long and healthy life with time to enjoy their golden years. But while living to 100 years old is a lofty and laudable goal, there may be some unexpected aspects that are worth considering. Here are some of the good and the bad when it comes to making it to […]
Read MoreMortgage Tips Kim Stenberg 13 Jun
In life, things rarely go as planned. This is especially true when it comes to real estate! When it comes to buying a new home, in a perfect world, most of us would like to take possession of their new residence before having to move out of the old one. This makes moving a lot […]
Read MoreLatest News Kim Stenberg 1 Jun
Another Jumbo Rate Hike, Signalling More to Come The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points once again today, marking the third rate hike this year. The two back-to-back half-point increases are without precedent, but so were the dramatic pandemic rate cuts in the […]
Read MoreMortgage Tips Kim Stenberg 31 May
Did you know, approximately 60 percent of people break their mortgage before their mortgage term matures? While this is not necessarily avoidable, most homeowners are blissfully unaware of the penalties that can be incurred when you break your mortgage contract – and sometimes, these penalties can be painfully expensive. Below are some of the most […]
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