Mortgages by Carolann Young

Carolann Young || March 05, 2019

Budgeting for Home Ownership

Smart budgeting is required when buying your home. Saving the down payment and crunching numbers helps determine how much mortgage you can afford. But the costs don’t just end there. Planning in...

Carolann Young || February 05, 2019

Down Payment Options and Tax Credits for First Time Home Buyers

Purchasing a home is a big financial commitment. In addition to moving costs and closing costs, most home purchases require a down payment of at least 5% of the purchase price. This is the amount of...

Carolann Young || January 28, 2019

The Canadian economy and the housing market

We are living in strange times, economically speaking. Mortgage stress tests have slowed the housing market and may be one of the reasons the Bank of Canada has signaled it may pause on increasing...

Carolann Young || January 16, 2019

How to Use Your RRSP for Down payment

Interest rates are going up, mortgage rules have changed and house prices in some parts of the country don’t seem to be going down – yet. This may not look good for first time homebuyers who may find...