Mortgage Amortization – A Common Sense Overview

Article courtesy of MCAP.   A good way for a borrower – let’s call our borrower Barry – to understand the concept of “amortization” in the context of mortgage repayment is to look forward to a time when the mortgage is fully re-paid. How much is Barry borrowing and how much can he afford to pay… Continue reading Mortgage Amortization – A Common Sense Overview

A Picture is Worth 1000 Words

You’ve seen the listings on realtor.ca. The ones with photos that are dark, off-centre, fuzzy, maybe with dirty dishes in the sink…you know what I’m talking about! Some listings don’t have any photos at all!!! Check out Hooked on Houses for a variety of incredibly terrible MLS photos 🙂 You may think that if you… Continue reading A Picture is Worth 1000 Words

10-Year Mortgage Below 4%

The 10-year term in Canada is pretty rare these days (less than 1% of mortgages in Canada have a term 10 years or longer), but a 10-year term below 4% is unheard-of.  Or, at least it was until last week. Gone are variable rates with “prime-0.9%” discounts (now they’re hovering right around prime which is… Continue reading 10-Year Mortgage Below 4%

Student Housing in Barrie

There is definitely a stigma attached to student housing. Some investors shy away from that market due to the high turnover rate and the idea that students will damage the property. There’s a new reality, and investors should take note. In Barrie, there has been a lot of discussion surrounding the rentals around Georgian College.… Continue reading Student Housing in Barrie