The Prime Lending Rate in Canada (like in many other countries) is a reference interest rate charged by banks and lenders to their most “creditworthy” customers. In reality we find that most banks and lenders in Canada base their best interest rate (usually in the form of a variable interest rate) on the prime lending… Continue reading What is “Prime Rate”?
Month: October 2011
Leasing Residential Property
I’ve realized that very few people know that real estate agents are also qualified to help individuals when they are looking for a home or apartment to rent -or- when they have a house or apartment that you would like to rent out to tenants As you might know, there is even a section on… Continue reading Leasing Residential Property
Buying tenants
If you are purchasing a home that is currently rented out (or has an apartment that is currently rented out), there are extra precautions that you should take to ensure that the closing will go smoothly, whether you want to buy the house empty or want to keep the tenants. If you are buying a… Continue reading Buying tenants
New Shalom Park in Barrie
For all you Barrie residents, you know that Barrie’s South End experienced a significant boom in a very short period of time. Businesses have continued to grow, and new homes are popping up all the time. Public infrastructure has been lagging in the South End, like libraries and community centres. Our city understands the increasing… Continue reading New Shalom Park in Barrie
How Much Do Mortgage Brokers Cost?
Back in the “old days,” people would usually only go to a mortgage broker when they weren’t able to find a mortgage on their own (self-employed, past bankruptcy, bad credit, insufficient income, etc) – they had usually been turned down by a bank, and needed the help of a mortgage broker to obtain financing. The mortgage broker… Continue reading How Much Do Mortgage Brokers Cost?