Congratulations! You’ve made the wise decision of purchasing a home. Buying a home might be the single largest financial transaction of your lifetime (no pressure), so it’s important to do your homework and to be prepared. It’s an exciting time, but it’s not without its potential pitfalls. Some of these mistakes can cost you dearly […]

When you’re a personal finance expert, people don’t always agree with what you say 100% of the time. At the beginning of the year I made an appearance on the Global Morning Show to discuss how the new mortgage rules affect new homebuyers. During the segment, I mentioned how the new mortgage stress test could […]

If you’re like most people, buying a home will be the single biggest financial transaction of your lifetime. As a homebuyer, there are so many factors to consider. Should I live in an urban or suburban area? Should I buy a new or resale home? Should I buy a condo, townhouse or detached house? These […]

I’m super excited to be sharing the story of Jelani Smith of Bay Street Blog. Not only is Jelani a first-time homebuyer, he’s one in Toronto, Canada’s second most expensive housing market. Jelani is living proof that that dream of homeownership is still alive and well for millennials. His post walks you through the thought […]

Should the RRSP Home Buyers’ Plan (HBP) be expanded and modernized? That’s what the Canadian Real Estate Association (CREA) is proposing. CREA has put forward a number of proposals, the biggest of which is “intergenerational RRSP loans” to help first-time homebuyers. At first glance this seems like a good idea. Home prices are rising fast […]

Canada’s banking regulator OSFI (short for Office of the Superintendent of Financial Institutions) has become quite the water cooler conversation topic these days. “How ‘bout them Blue Jays?” has been replaced with “did you hear about the latest mortgage rule changes?” Although these were perhaps the most anticipated mortgage rule changes in history, there’s still […]

Author: Stephen Weyman Credit cards and homeownership are an unlikely pairing … how can these two things possibly be related? More than you might think actually. Credit cards are a powerful financial tool that not only will help solidify your credit score before you need that mortgage, but they can also assist you with your […]

For most people, buying your home is the biggest purchase of your life and with it a HUGE mortgage. On Financially Fabulous with Limor I share my top tips to pay off your mortgage faster and save thousands of dollars in the process. Financially Fabulous with Limor – How to Pay Off Your Mortgage Faster […]

The housing market has seen a lot of changes over the past several months. It all started with the new stress test on insured mortgages last year. Then there was Ontario’s Fair Housing Plan in the spring. More recently we’ve seen higher mortgage rates. If that hasn’t been enough changes to get used to, OSFI […]

Last month I sent out a harmless Tweet… or so I thought. Instead it led to a heated discussion about Canada’s favourite dinner table topic – real estate. Real estate is a popular topic of discussion these days. Everyone and their brother seems to have an opinion on it. It’s not hard to see why. […]