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The advantages of a land lease: Land-leasing is a form of home ownership that reduces the capital costs of buying a house. By going this route, residents buy their home and own it outright and lease the land. As a result, the purchase price is often reduced because...

According to a recent article in Canadian Mortgage Trends, by Mortgage Professionals Canada, only half of Canadians are aware of the stress test requirements. While this isn’t necessarily alarming, given that most people aren’t imminently buying a house and don’t need...

Why move when you don’t have to? Today, our aging population, the largest growing demographic, requires all of us to think and plan for our independence - our quality of life as we age. Our society’s infrastructure will be challenged to support the needs of where and...

If the provocative nature of the above headline causes readers some concern, then my job is done! I just want to bring to homebuyers’ and homeowners’ attention just a few of the possible ramifications of the impending Marijuana laws being enacted in July as it applies...

Last month Mortgage Trends received an email from a distraught client who had just received a letter from his mortgage lender letting him know his mortgage maturing in just five months would NOT BE RENEWED! Another family complained that their mortgage lender had sent...

Many of the myths surrounding CHIP Reverse Mortgages have often been as a result of information taken from American experiences and have absolutely no relevance in Canada.  Below, some of the myths that we often hear about, the 'reliable' information sources...

The new Minimum wage regulations may prove costly – and devastating -  for small business owners. What is your contingency plan? Let Terry Lynch show you how to make improvements, update your website, ramp up your advertising to boost sales in advance of the new...

Happy Birthday #150 Canada! Under the heading: “Where Did The Time Go?”, I reflect with great fondness on my Canadian Experience on the 150th Anniversary of this great country. I was living in Montreal in 1967 the year of the Centennial – having just arrived from...

Recently I was talking to a bank manager friend of mine ‘Jack’ about this current crazy housing market and it presents a picture that is at once dangerous and lacking anything that makes sense! Jack is seeing on an almost daily basis, clients who purchased properties...

Although low interest rates and a vigorous housing market continue to be the norm, Canadians are still saddled with the burden of high debt loads. According to recent stats, the ratio of debt to disposable income rose to 167.3% by the end of 2016. This means that...