What is the Home Buyers’ Plan and Should You Pay it Off Early


You’ve decided to buy a home. Congratulations! Purchasing a home is one of the best long-term investments you can make. But wanting to buy a home and actually buying one are two separate things. In order to buy a home you’ll need to save up a down payment. Luckily, the government will give you a helping hand. The RRSP Home Buyers’ Plan helps first-time homebuyers achieve the dream of homeownership sooner. Let’s take a closer look at the Home Buyers Plan and whether you should pay it off early.   What is the Home Buyers’ Plan? The Home Buyers’ Plan…

Mortgages and Alternate Energy Systems – the Ins and Outs and Pitfalls


Are you considering reducing your carbon footprint and living off the grid? Living off the grid has a lot of benefits – you’ll save money on energy costs over the long-term, you have more freedom of choosing where you want to live and you’ll have  a positive impact on the environment. However, living off the grid isn’t for everyone. Unfortunately, a lot of Canadians wouldn’t consider living this lifestyle, even if it meant helping Mother Nature. As such, if you’re looking at purchasing an off grid property, obtaining a mortgage will be a little more challenging, but with the right…

Top Ways to Save Money on your Next Move


There are many reasons people relocate. It might be starting a new job, a marriage, a divorce, just finishing college or simply wanting a change of scenery. With any long distance move also comes the added expense of transporting your personal belongings. This can run into a lot of extra money you might not have available. The good news is that there are many ways to save money on your next move.  Hiring a moving company All moving companies are not alike and all times of the year won't cost the same either. If you'd rather use a professional moving…

How to Save With Home Services


How long does it take you to scrub the floors? How much energy do you expend trying to fix the lawnmower? How much space are you losing by trying to store all your belongings in your garage? Though sustainability and healthy personal finance often require a bit of DIY, you might actually be putting yourself in the red by attempting complex and arduous tasks on your own. Sometimes, paying a professional to complete the more tedious tasks around your home is actually a financially savvy option. Here’s how you can save by hiring for home services. How DIY Is Costing…

Reinforcing Structural Stability of your Properties


“There is no one-size-fits-all solution to the challenges facing our cities or to the housing crisis, but the two issues need to be considered together. From an urban design and planning point of view, the well-connected open city is a powerful paradigm and an engine for integration and inclusivity.” –Richard Rogers. However, a well-planned city starts with structural stability of our own properties first. Structural stability usually refers to the strength and durability of the “skeleton.” This skeleton includes all the walls, beams, pillars and foundations that is responsible of weight bearing. They should be looked thoroughly because taken for…

Is Private Mortgage Insurance a Good Idea?


  Private mortgage insurance, commonly referred to as PMI, is insurance which borrowers have to pay in case they cannot afford to pay a 20% down payment. As a borrower, it will cost $50 to $80 monthly. Mortgage insurance reimburses the lender if you default on your home loan. However, it can sometimes become a burden for the borrowers, especially if they do not proceed carefully. As it is based on a percentage of the mortgage loan, borrower is expected to pay each month, it varies depending on borrower’s credit risk and the size of his home loan. 2 Types…