From purchasing your first home to investing in a multi-unit building, we have the resources for you. Real estate investing is a great way to diversify and add strong investments to your portfolio.
Modern Money has articles written by property owners, property developers and general contractors. Use this collective knowledge to gain a competitive advantage and put your best foot forward as you delve into the world of real estate.
When you're buying a property in Canada, there are numerous costs associated with the transaction that are typically overlooked and forgotten by buyers. A good example of this is land transfer tax. Land transfer tax will vary across Canada both provincially and municipally, but it's typically a significant amount of money (except if you're in Alberta)! Learn everything you need to know about land transfer tax here.
A reverse mortgage is a loan that allows you to take money from the equity that you have in your home without having to sell your home. These are popular for older Canadians who have built up equity in their house, but don't have cash savings, and therefore need to access their home's equity in order to pay the bills, etc. However, buyer beware as always with mortgages. Learn more about reverse mortgages here...
If you are investing in rental properties, you need to understand the concept and principle of depreciation for rental properties. This strategy will save you tens of thousands of dollars in taxes over time, and can help achieve a variety of different outcomes...
A home equity line of credit (or HELOC for short) is a financial tool that allows homeowners to access the equity in their home without needing to sell their house first. A HELOC can be used to draw money to fund repairs, renovations and to make other investments. A HELOC, if used correctly. can be an extremely powerful tool to growth your wealth, but it doesn't come without its risks...
Looking to purchase a home? Effective June 1, 2021, the rules of the mortgage stress test for homebuyers with uninsured mortgages will become more stringent. In its latest financial system review, the Bank of Canada said that many households have taken on large mortgages compared with their income, limiting their flexibility to deal with an unforeseen financial shock like the loss of a job – hence the need for a more stringent stress test...
Buying your first home is very exciting, but it’s equally overwhelming. It’s always surprising to realize the number of professionals that are involved in this purchase. Not to mention getting in contact with each one, scheduling meetings, and actually getting the task at hand completed in an efficient time frame...
Mortgage default insurance, which is more commonly referred to as CMHC insurance, is mandatory in Canada for down payments between 5% (the minimum in Canada) and 19.99%. Mortgage default insurance protects lenders in a situation where a borrower stops making payments and subsequently defaults on their mortgage loan...
Learn what the entire process entails when purchasing your first home. Trusted and reliable advice from a real estate professional...
If you're working with a realtor, here are 4 important questions that you need to ask...
Before buying your first home, it's important to learn about these common misconceptions in real estate...
The First-Time Home Buyer Incentive is for those who are looking to purchase their first home, and would like assistance in reducing the monthly payments – without increasing their down payment on the home...
The First-Time Home Buyer Incentive is for those who are looking to purchase their first home, and would like assistance in reducing the monthly payments – without increasing their down payment on the home...
Keep your emotions at bay when making this purchase, focus on the investment opportunity and be patient! There is always another house just down the street…
Understanding the Home Buyers' Plan (HBP). The HBP is a program through the Canada Revenue Agency (CRA), which allows you (if you’re an eligible first-time home buyer) to withdraw funds from your Registered Retirement Savings Plan (RRSP) to buy or build a home for yourself or for a related person with a disability...
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