For those looking to purchase rental properties, the minimum down payment has been at 20% now for some time, and so it remains. In years gone by, this down payment money had to be proven to have originated from the buyer’s own resources - it could not be gifted.

In the case of an owner occupied purchase, the down payment can be gifted from a directly related family member.

The big news from one of our key lenders at the start of July was an announcement that they would now allow gifted...

Yes!!...

...if you are ready and can afford it.  The answer was the same a year ago, is the same now, 6 months from now, and 2 years from now.  I get asked a version of this question all the time.  Do I buy now while interest rates are low?  Should I wait because house prices might drop?  Have I missed the best time to buy?  Is now the best time to buy?  You could drive yourself mad trying to time your purchase with interest rates and property prices. By buying a...

The Bank of Canada announced today that it is lowering its key rate down to 0.50 per cent given faltering global growth, a lower outlook for Canadian growth and increased downside risks to inflation. The Bank notes that “additional monetary stimulus is required to help return the economy to full capacity and inflation sustainability to target.”

The next rate-setting day is September 9th.

We would highly recommend Graham as a professional realtor. He  was informative , respectful and most importantly valued our opinions in the decision making process. Our home sold quickly, and painlessly. Graham definitely made the entire process stress free!

It is my pleasure to recommend Mr. Graham Ogden as a top real estate agent who helped us purchase our first home. Graham went above and beyond in searching for our home. Even though we had a lengthly list of what we wanted, his patience and determination led us to the perfect one. We recommend Graham for his expertise, experience and integrity.

11-Jul-15

Cris& Jenessa N.