Interest Adjustment – Getting Up to the Starting Line

Article courtesy of MCAP.   The best way to understand the concept of interest adjustment is to start with knowing and understanding the term “Interest Adjustment Date” or IAD. Every fixed rate mortgage has an IAD and the name implies that this is the date upon which an interest adjustment will take place but that’s… Continue reading Interest Adjustment – Getting Up to the Starting Line

Marijuana Grow Houses

When you’re buying a house, there’s always the possibility that you’ll find an old grow house on your search. Unfortunately, the signs can be very hard to spot. Before a grow house goes on the market, it should be extensively renovated to correct the problems, but sometimes the only corrections are cosmetic. Here are some… Continue reading Marijuana Grow Houses

Capital gains tax and the principal residence exemption

Your home is likely the largest investment you will ever make. However, while most investments carry a large tax burden when you sell them for a profit, your home benefits from federal rules to encourage home ownership. As long as the property is your principal residence, you can claim an exemption on capital gains tax… Continue reading Capital gains tax and the principal residence exemption

Mortgage Monday Rate Update – February 2012

Whether you like it or not, stats and numbers are a part of the world of mortgages. When rates change even the slightest of percentage points, it could cost or save you thousands of dollars. Every once in a while, here on the Mortgage Monday posts, I’ll update you on what’s going on in the… Continue reading Mortgage Monday Rate Update – February 2012

Housing Bubble or Housing Balloon?

Since Monday, there has been a lot of talk in the real estate industry about BMO’s latest report on Canada’s housing market. First, let’s get some definitions out of the way. The word “bubble” has been used a lot since the recession started a couple years ago. But what does it mean? Basically, the value… Continue reading Housing Bubble or Housing Balloon?