Which city can you afford to live in?
Downpayment / Income / Market Updates / Purchase / Qualifying / Rates & Terms

Which city can you afford to live in?

The average home price varies significantly between Canadian cities. I’ve picked 10 cities and have detailed how much you need to earn annually to qualify for the purchase of an average priced property in that location. As the values are so different, the figures below will also provide you with a good idea of how … Continue reading

How to qualify for the highest mortgage amount
Documents / Income / Lenders / Purchase / Qualifying / Refinance

How to qualify for the highest mortgage amount

Income is one of the most important components of a mortgage application as it determines how the borrower is going to repay their loan. The higher your income, the higher mortgage amount you can qualify for. One of the most common questions we get asked is what kind of income is eligible to be included … Continue reading

Revenue Properties
Documents / Downpayment / Income / Purchase / Qualifying / Rates & Terms / Rental Properties

Revenue Properties

Whether this is your first revenue property purchase or your fifth, it’s always helpful to know what to expect when it comes to financing. This week, I’m going to briefly detail what you need to know about qualifying for a rental property mortgage. The below guidelines can apply to both a new purchase and a … Continue reading

How to finance a rural property
Credit / Documents / Downpayment / Insurance / Lenders / Pre-Approvals / Purchase / Qualifying

How to finance a rural property

I once heard it’s a rural property if you can stand naked on your porch without the cops being called. If you are thinking of financing a rural property, the mortgage process varies slightly from that of purchasing a home in the city. While the income and credit guidelines are the same, the property requirements … Continue reading