Over the past couple of years, it has become increasingly difficult to get a mortgage for self-employed clients, and the move by the CMHC to limit its insurance coverage to those without income validation will only make things harder. Self-employed borrowers still have access to mortgages with down payments below 20%; they just have to prove […]

Your life as a homeowner will likely include some time in a condo. Condos suit young adults, and retirees who want to downsize. As houses rise in price, more people in between those extremes may opt for condos. Given the strong foundations for condo demand, there are surprisingly few resources available to help people make […]

 An RRSP is a retirement savings plan that you establish, that the CRA registers, and to which you or your spouse or common-law partner contribute. Deductible RRSP contributions can be used to reduce your tax. March 1, 2018 is the deadline for contributing to an RRSP for the 2017 tax year. Any income you earn […]

A Rent to Own (aka Lease to Own) home purchase is a lease combined with an exclusive option to purchase the property within a specified period of time. This is a potential solution for tenants who would not currently qualify for a typical mortgage. Buyers love this because it gives them time to save up for a […]

We now lend in Manitoba – Winnipeg, Brandon, Selkirk, Steinbach, Morden, Portage La Prairie & surrounding areas. Homeowners in these areas who may not fit the rigid restrictions of traditional lending institutions may find that a home equity loan is the best way to secure financing for purchasing additional property, refinancing, or consolidation of debts. […]

  It started with NASDAQ plunge in 2000: Cheap credit is blessing and curse. Bank of Canada’s challenge is how to let interest rates rise safely. (original article here). Western economies are caught in a low interest rate trap that is proving a difficult problem to fix. Rates have been so low for so long, […]

Our Alternative Mortgages Lending program helps individuals who have been laid off, have become unemployed, or who are scheduled to be laid off and need assistance to pay the household expenses for a period of time. Alternative mortgages help impacted individuals on a case-by-case basis to find a solution that can provide temporary relief, without […]

In today’s business climate, using alternate financing such as Invoice Factoring is an accepted method of maintaining stability within a company. Simply put, factoring is a financial transaction between a company requiring accelerated payment on invoiced goods or services – and a financial lender buys the accounts receivable at a discount. Related Article – Commercial […]

What is a commercial mortgage? Commercial mortgages are mid-term loans made using business or commercial real estate to secure payment. The borrower is generally a company or business as opposed to an individual and the business may be either a partnership, limited company or incorporated. Consequently, assessing credit history is more complicated with this type […]

A RRIF is the logical successor to an RRSP both as a tax shelter and as a continued growth investment. It makes your investment grow tax-free while giving you access to the money saved in your RRSP in the form of retirement income. You may withdraw funds according to your needs, however, a minimum amount […]