For the first time since 2008 and 2009 media headlines have been saying this may be the best chance for first time buyers, to get into the housing market.
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Archives for Rental
Royal LePage Kelowna Real Estate Report for July 2019
Fixer-Upper or Money Pit? How to tell whether your potential buy is a bargain or a burden.
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Royal LePage Kelowna Real Estate Report for June 2019
How to keep your perfect renters; helpful tips to stabilize your rental situation long term.
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First Time Buyers in 2019
A 2019 study of Canadian First Time Home buyers and what motivates them.
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Genworth: Homeowner Spring Digest
Homeowner Digest: Featuring articles on financing, house hunting and the buying process
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Genworth: First Home Guide
A helpful resource for First-Time Homebuyers
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Genworth: First Home Guide
A helpful resource for First-Time Homebuyers
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Royal LePage Kelowna Real Estate Report for May 2019
How to find the perfect renters - take the guess work out of renting with these tips.
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Rental Suites Increase Qualifying Income
Rental Suites Increase Qualifying Income In today’s market with stricter mortgage rules, a rental suite can make a huge difference when qualifying for a mortgage and knowing which lenders offer the biggest bang for your buck is even more important. Different lenders allow different amounts of the rental income to be added into your qualifying income. Some lenders only allow 50% of the rental income to be used when qualifying for a mortgage, while others allow 80% and even 100%. If a lender allows 50% of the rental income, and the rent is $1200 per month, this will increase the
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Owning Versus Renting in Canada
Owning Versus Renting in Canada Mortgage Professionals Canada released a very interesting report today, Owning versus Renting a Home in Canada. In the report, they compare the expected costs of housing for Canadians who will choose to rent versus those who choose to own. In the 266 scenarios examined in the report, taken from a broad cross-section of regions throughout Canada, the monthly cost of home ownership is lower than the cost of renting equivalent housing in the majority of cases today and becomes, even more, cost-effective over time. “The report demonstrates that the money Canadians are spending on monthly
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