Seven Important Things to Know about Mortgages Type and Term: Most common are Closed Mortgages ranging from 6 months to 5 years; a few lenders have terms up to 15 years. Typically, 6-month and 1-year mortgages can be “Open” or “Convertible”. A true open mortgage can be paid in full at any time without penalty, while with a true convertible mortgage this privilege may have no penalty. Commitment Period: This period protects the interest rate in times of... [read more]

It goes without saying that spring and summer are excellent times to put your house on the market; the weather is warm and potential home buyers are in the mood to window shop. That said, there are also some real advantages that come with listing in the fall and winter. The kids are back in school, people are travelling less and there’s typically less competition to contend with – among other benefits. As we embrace the hygge and cooler weather (and brace... [read more]

Finding the perfect home can be challenging, but deciding which neighbourhood to live in is perhaps even more important. After all, you'll never love a house if you don't like your community, right? Your location affects everything from affordability to your quality of life. A great neighbourhood maintains or raises your home's value, making it easier to sell down the line. Here are some of the features to look for during your search for the ideal place to move. Check out the... [read more]