Homebuying


Did you know there's a cool new way to help you save for your first home? It can be tough to juggle rent and other expenses while trying to put money aside for a down payment. But don't worry, we’ve got your back with a new government program that came into effect on April 1, 2023.

Life is filled with unexpected twists and turns; sometimes, your mortgage must adapt accordingly. Whether you’re seeking more financial stability, hunting for a better interest rate, or responding to shifting family dynamics, moving your mortgage to another lender can be daunting.

The Canadian government’s new First Home Savings Account (FHSA) came into effect on April 1, 2023. This new registered savings account allows prospective first-time home buyers to save for a down payment on a tax-free basis. FHSA contributions are tax-deductible (like an RRSP), and qualifying withdrawals to purchase a first home are non-taxable (like a TFSA).

So, you’ve come into some extra money, possibly an inheritance windfall or a raise in pay. And while you want to spend it on a new hot tub, you’re determined to make a more prudent financial move. Should you put that extra money toward paying down your mortgage, or should you invest it?

A home equity line of credit (HELOC) or secured line of credit (SLOC) is a flexible way to borrow money against the equity you have built up in your home. It is a revolving line of credit, meaning you can borrow, repay and borrow again as long as you stay within your credit limit.

We know that owning a home is a dream that many Canadians aspire to. We want to help make your journey to becoming a homeowner as stress free as possible.