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What the Federal Budget Means for First-Time Homebuyers

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For months leading up to the federal budget, the Liberals had been promising to make housing more affordable for first-time homebuyers. There were rumours of everything from the reintroduction of 30 year amortization mortgages for first-time homebuyers to lessening the mortgage stress test. In the end we got a revamped RRSP Home Buyers’ Plan and… Read more

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Top 3 Tips for Selling Your Home in the Spring Real Estate Market

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Are you thinking about selling home sweet home in the springtime? You’re not alone. The spring real estate market is the most popular time to list properties for sale. If you’re selling your home during this time, you may think it’s a slam dunk, when that couldn’t be further from the truth. While it may… Read more

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What Additional Costs are There When Buying a House?

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The biggest surprise for me when I bought my first home was the closing costs. After I spent $500 on a home inspection, I thought the worst was over. Wrong. Real estate lawyer fees, municipal and provincial land transfer taxes—the list went on and the expenses added up. Before I knew it, I had spent… Read more

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Heating My Home is Expensive. How Can I Save on Heating Costs?

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Have you taken a look at your home heating bill lately and been shocked at the numbers you see? You’re not alone. Heating your home can be expensive, especially during the coldest time of year, winter. If you feel you’re spending too much money to heat your home, you’re not alone. Luckily, there are ways… Read more

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The Pros and Cons of Selling Your Home During Winter

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So, you’ve decided to sell your home during the wintertime. You’re probably aware the winter isn’t an ideal time to sell real estate. You’d be better off listing your property during the spring real estate market, right? Not necessarily. Selling your home during the winter has its ups and downs just like any other season.… Read more

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RRSP and TFSA: Coming Up with Your Down Payment Sooner

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In the first article we looked at goal setting. In this week’s article we’re going to take a look at how to save up your down payment sooner with the RRSP and TFSA. Although it may not always seem like it, generally the government wants to encourage homeownership. It does this through various tax breaks… Read more

New Year's Resolutions

Starting the New Year Off Right with Goal Setting

New Year's Resolutions

Happy New Year! My name is Sean Cooper. I’m a personal finance journalist and bestselling author. I’m also known as the “burn your mortgage” guy for when I burned my mortgage papers on national TV three years ago. I’m excited to be writing the first blog post in a series of semi-monthly blog posts on… Read more

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Why Intergenerational RRSP Loans Might Not Be Such a Good Idea

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Should the RRSP Home Buyers’ Plan (HBP) be expanded and modernized? That’s what the Canadian Real Estate Association (CREA) is proposing. CREA has put forward a number of proposals, the biggest of which is “intergenerational RRSP loans” to help first-time homebuyers. At first glance this seems like a good idea. Home prices are rising fast… Read more

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Here’s What You Need to Know About the New Mortgage Stress Test

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Canada’s banking regulator OSFI (short for Office of the Superintendent of Financial Institutions) has become quite the water cooler conversation topic these days. “How ‘bout them Blue Jays?” has been replaced with “did you hear about the latest mortgage rule changes?” Although these were perhaps the most anticipated mortgage rule changes in history, there’s still… Read more

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