There are two types of income, active income and passive income. Your active income requires you to dedicate your time and efforts to make money. This is likely your job, whereas passive income generates income without dedicating your time to your income. An income...
There is a lot involved in buying your first home. When you are house shopping there are so many things on your mind. Whether it’s cobbling together a downpayment, school districts, closing costs or simply the logistics of moving, there is a lot to think about. It’s...
So, what does it mean to be house poor? There is a perception among many Canadians that a major marker of success and adulthood is homeownership. The idea of owning a home often evokes feelings of security, comfort, and responsibility. It’s easy to see why there is a...
A common question we receive surrounds what mortgage default insurance is and does. Here, we talk a bit more about default insurance and why it is required in some cases when getting a mortgage. What is mortgage default insurance? Default insurance works in two ways....
Credit. The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. When you borrow money to buy a house, you will be required to prove that you have a good history of managing your credit. But what...
The larger home is not always the better home. Yes, there still exists a large group of individuals who enjoy owning a grand estate, complete with all the modern conveniences, in addition to everything you could ever want; and of course, there’s nothing inherently...
