What is “Prime Rate”?

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”?

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?