The truth about owner-occupied income properties

The truth about owner-occupied income properties

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...
What does it mean to be house poor?

What does it mean to be house poor?

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...
Minimum Required Credit Profile

Minimum Required Credit Profile

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...

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