The Tribe Blog
Did You Defer Payments? Be Sure to Check Your Credit!
The federal government introduced a number of relief measures last year in an effort to assist individuals facing significant financial hardship due to the COVID-19 pandemic, including the opportunity for Canadian lenders to allow customers to defer their mortgage and...
Budget 2021 Reveals Little Change to Housing
Labelled one of the most widely anticipated and important budgets of our time, Budget 2021, delivered on April 19th, lived up to its promise. The first budget in over two years and first since the outbreak of the global pandemic, Budget 2021: A Recovery Plan for Jobs,...
Beware of Property Valuations at Odds with Purchase Prices
When buying a home, mortgage financing requirements are subject to lender approval, which is based on certain conditions including an appraisal of the property. The appraisal is conducted by a licensed, professional real estate appraiser who provides an evaluation of...
Pros & Cons of Reverse Mortgages
Canadians are living longer and changing our society in significant ways. Expected to grow by 68% in the next 15 years, this surging demographic is heavily influenced by aging baby boomers, advances in modern medicine, healthier lifestyles, and an increased resilience...
Mark Your Calendar for Key Dates in Q2 & Beyond
Life has become increasingly complicated. As we navigate rotating shutdowns, on-again/off-again restrictions and dramatic changes to our daily routines, the possibility of missing important dates and deadlines is very real, as one day can often roll into the next...
Canadian Real Estate Trends to Watch in 2021
An entire year has passed since the World Health Organization declared COVID-19 a global pandemic – and what a year it has been! Faced with uncertainty and unchartered territory, we obeyed public health officials, donned our masks, social distanced, hunkered down and...
5 Steps to Purchasing a Home
Buying a home is a big deal – whether you’re a first-time homebuyer entering the market or a seasoned homebuyer transitioning to your next property. That’s why it’s important to enlist the help of professionals to walk you through each phase of the purchase and...
Interest Rate Predictions for 2021 — Crystal Ball Not Required
Economic and future forecasting typically involves the calculation and analysis of a number of key variables such as inflation, interest rates, consumer confidence and unemployment. In today’s unconventional and unpredictable environment, additional considerations are...
5 Steps to Purchasing a Home
Buying a home is a big deal – whether you’re a first-time homebuyer entering the market or a seasoned homebuyer transitioning to your next property. That’s why it’s important to enlist the help of professionals to walk you through each phase of the purchase and...
Interest Rate Predictions for 2021 — Crystal Ball Not Required
Economic and future forecasting typically involves the calculation and analysis of a number of key variables such as inflation, interest rates, consumer confidence and unemployment. In today’s unconventional and unpredictable environment, additional considerations are...
Debt Consolidation Strategies
In a world that continues to be dominated by a global pandemic, many Canadians are struggling with the reality of layoffs, reduced wages, rising living costs and credit dependency. If you’re feeling overwhelmed with your financial obligations, you may want to consider...
Enhanced Protection Introduced for New-Home Buyers in Ontario
For many Ontarians, buying a new home represents a more suitable option than buying resale. The residential construction industry represents one of the largest sectors in the country, with the Canadian Home Builders’ Association reporting that 25% of all homes...
Tips for Setting Your 2021 Budget
Traditionally, the dawn of a new year brings a sense of optimism and hope. This year, however, the outlook is a bit different. While we were thankful to leave 2020 behind, the uncertainties and instability about what lies ahead still persist. Now’s a perfect time to...
What are My Mortgage Rate Options?
While the interest rate isn’t the only consideration to keep in mind when choosing the mortgage that best meets your needs, it’s important to understand your options. The interest rate will have a direct impact on the overall cost of your mortgage – the higher the...
Renovating to Accommodate a Multigenerational Household
Are you considering a renovation to build separate living quarters for your adult children or parents? If so, you’re not alone. Multigenerational living is an option many Canadians explore at some point. Children are staying home longer to save up and buy a place of...
What’s an Alternative Mortgage Lender?
It’s always great to have an alternative option, right?! This theory holds true when it comes to your mortgage choices as well – the broader selection your mortgage agent offers, the more likely you’ll be to secure a mortgage that meets your unique needs. An...
How to Choose the Best Mortgage
Selecting a mortgage rate and product that’s right for you is harder than it looks. It involves a lot of research based on your current finances, credit situation and short- and long-term goals, to name just a few important elements. That’s why working with a mortgage...
Fresh Financial Start to a New Year
Many of us drew a collective sigh of relief when putting 2020 behind us, concentrating on the hope for better days to come in 2021. From a financial perspective, 2020 definitely had its challenges. One of the best ways to benefit from a new year is to look at ways to...
Your Mortgage Payment Includes Principal & Interest Charges
When discussing mortgage payments, most people focus on the interest rate. But, it’s also important to understand how the principal balance owing on your home comes into play with your monthly mortgage payment. The ‘principal’ is the amount of money you...
Don’t Forget Monthly Carrying Costs When Buying a Home
Ensuring homeownership remains an affordable option stretches well beyond monthly mortgage payments. There are numerous recurring expenses known as ‘carrying costs’ that help you maintain your investment and, therefore, must be factored into your budget to avoid...
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