Investing in Residential Rental Property: A Smart Move for Long-Term Gains
Posted on Apr 02, 2025
The Benefits of Residential Rental Property Investment
Consistent Cash Flow
One of the most appealing aspects of owning rental property is the potential for consistent cash flow. Monthly rent payments can provide a steady income stream, especially if you invest in areas with high demand for housing. This income can be used to cover mortgage payments...
Insight from a Mortgage Broker
Posted on Mar 18, 2025
Written by Alex Lavender with Clinton Wilkins Mortgage Team
If you're buying a home that needs some upgrades, the Purchase Plus Improvements program can help you finance renovations as part of your mortgage. You may be eligible to receive up to $40,000 for improvements, though some lenders cap this at 10%-20% of the purchase price. While this progra...
2024 Year in Review
Posted on Jan 15, 2025
In the coming months we will detail the 2025 market activity however for now let’s look back. Here are some of the recent changes:
- After historical low mortgage rates from the start of Covid to Q1 2022 we have seen the Bank of Canada rate ride the roller coaster from .5% to 5% and during 2024 5 declines to the current 3.50%
- Federal policy now allows...
First Home Savings Account (FHSA)
Posted on Dec 04, 2024
You are saving for a home, regularly contributing to a separate account. Then you have until December 31st to start contributing to a First Home Savings Plan of which you get:
- Contributions are tax deductible
- Income within the plan grows tax free
- Withdrawals for the purchase of the home are tax free
- If you don’t use the funds for the purchase of a home...
Today's Real Estate Questions
Posted on Apr 07, 2020
Questions we have answered over the last 48 hours, thought they may be of interest to others as well.
Q: Are closings still happening?
Yes, absolutely. Most service providers, from lenders to lawyers, to real estate agents are adapting and following the recommendations of health authorities. The process looks similar with proper prodigals put in pla...