10 things you should know about TFSAs – Ask Adil Virani, Vancouver Mortgage Broker

While many Canadians are focused on the looming RRSP deadline and maximizing contributions, it’s important that they don’t lose sight of an important alternative investment, a tax-free savings account. A major benefit of TFSAs is that money invested in them can grow tax free-for life, says Ahmad Dajani, vice-president of investments, guaranteed investment certificates and […]

One couple’s all-in bet on rising real estate – Ask a Vancouver Mortgage Broker

DIANNE MALEY- Special to The Globe and Mail Mel and Melanie have a home in Quebec, three rental properties and a mountain of mortgage debt. But Canadians love their real estate, so now that Melanie is back at work, they want to buy more. He is eyeing a commercial property, while she wants a vacation home […]

Balancing financial priorities as parents – Consult with a Vancouver Mortgage Broker

By Gail Vaz-Oxlade | MoneySense Where to draw the line between providing for your children and saving for your own retirement. Remember the line in Spiderman where Aunt May says, “You do too much…you’re not Superman, you know?” Some parents think they’re Superman. Determined to set their children off on the right foot, they commit buckets of money to helping […]

A New Bank With a New Model — Canadian First – Ask a Vancouver Mortgage Broker

A New Bank With a New Model — Canadian First  By Rob McLister, Editor, CanadianMortgageTrends.com Being a Canadian bank puts you in exclusive company. There are5,991 commercial banks in the U.S., but just 25schedule I banks in Canada. That number will soon become 26 because Canadian First Financial Holdings Limited has just received OSFI approval to incorporate as a bank. (The bank’s […]

Will you fund your retirement through home equity? – Consult with a Vancouver Mortgage Broker

Will you fund your retirement through home equity? Are you one of the many Canadians who did not make a contribution to your RRSP ahead of the March 1 deadline? Is it because you are bogged down by other debt, perhaps a hefty mortgage? While it’s become harder for first-time home buyers to get into […]

TFSA or RRSP? Try these five tests – Ask a Vancouver Mortgage broker

By: Gordon Pape Building Wealth, Published on Sun Feb 17 2013  There is a lot of confusion over whether it’s better to use an RRSP or tax-free savings account (TFSA) to save. Unfortunately, there is no easy answer. There are several variables to consider. To simplify matters, I’ve created five tests that you can apply to help you […]

Can Vancouver Home Mortgages Still be Obtained with Low Down Payments? – Ask a Vancouver Mortgage Broker

Can Vancouver Home Mortgages Still be Obtained with Low Down Payments? – Ask a Vancouver Mortgage Broker The answer is yes. Vancouver home mortgages can still be found even if you don’t have much in the way of savings for a down payment. It’s a lot tougher than it was just a few years ago […]

Canadians can still buy a house without saving their pennies – Ask a Vancouver Mortgage Broker

It would seem that regulators want to dissuade Canadians from buying homes with nothing down. Yet despite all of the recent changes, buyers can still get into the real estate market with little cash on hand. Ottawa did away with Canada Mortgage and Housing Corp .-insured 100 per cent financing back in 2008. Home buyers with few […]

Majority of Canadians stress about finding RRSP cash – Adil Virani Vancouver Mortgage Broker

Canadians who are stressed about the annual RRSP deadline are not alone according to a new study that found 60 per cent of respondents feel anxious about coming up with the money for their retirement savings. And almost half of respondents to the survey – 49 per cent – who make an annual RRSP contribution […]

Why cash rests in your home- Find a Vancouver Mortgage Broker

Garry Marr |More from Garry Marr |  It’s become the new retirement savings plan — owning a home. What else is one to make of a country where about half of Canadians said they didn’t make a contribution to a registered retirement savings plan this year but close to 70% of households now own their home. Your […]

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