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The following list provides information on general questions we get asked frequently from clients.
Learn how property taxes work in BC, when they're due, how they're paid and what homeowners should know about staying on top of their property tax bill.
If you're looking at selling your current home now, in the future, or keep it as a rental - we can look at different financing strategies
HOW MUCH CASH WILL I ACTUALLY NEED? Down Payment + Property Transfer Tax (PTT) + Closing Costs = Cash Required Up Front
Downsizing isn’t always about moving to a smaller home. In many cases, the strategy behind the move is just as important as the decision itself.
I have a Pre-Approval! What can I do to make my purchase go as smooth as possible?
I'm looking to Remove a Co-Signer What do I need to know about changing who is on my mortgage?
Monoline lenders (e.g. RMG, Strive, MCAP, and First National) specialize in only one type of lending: mortgages. In lieu of “brick-and-mortar” buildings, they are able to offer competitive mortgage interest
I'm tired of making my Mortgage Payments What is a Payment-Optional Mortgage?
WHY ARE MORTGAGES BROKEN? To break a mortgage, is to change or terminate your mortgage contract before the end of your term. Many people have no intentions of breaking their mortgage, but in reality more than half of Canadians do.
Life happens, a bankruptcy or consumer proposal in the past does not rule out all mortgage options; however, options may be limited.
DOWN PAYMENT Currently, a minimum of 20% down payment is required on rental properties. Since a 20% down payment is applied, rental properties can qualify for 30-year amortization as it doesn't trigger mortgage insurance. Can I use equity in my current owner occupied home to purchase a rental property? Yes, you can! Book an initial chat here so we can look at your specific situation. Can I use gifted funds for a down payment on a rental property? In most cases, lenders will not consider a gifted down payment for a rental property. However if you are considering using gifted funds, there may be options available. Can I borrow from my HELOC to pay the down payment in part or full? Yes. Lenders will consider all of your liabilities and apply this to your debt servicing ratios.
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Mortgage Calculators
Estimate payments, compare scenarios, and explore affordability using interactive calculators.
REALTOR® Resources
Explore co-branded material, client resources, and provincially acredited learning opportunities for REALTORS®.
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