Owner-occupied homes with rental suites in New Brunswick If you’ve been looking at listings and thinking, “There is no way my income is getting me into that  neighbourhood,” you are not alone. Maybe you’d love to stay close to the school your kids already attend.Maybe you’d like to be near family or cut down your commute.On paper, though, your numbers might say something very different. What a lot of people don’t realize is that the type of property you buy  can sometimes make just as much...

Buying or selling within the family can feel complicated. Everyone wants it to be fair, nobody wants to blow up relationships, and on top of that the mortgage rules are not exactly simple. One tool that quietly solves a lot of these problems is something called gifted equity . What is gifted equity (in plain language)? Normally, when someone buys a home, they need a cash down payment. That usually comes from their own savings. But there is another option: a gift . That gift can come in two...

Today, let's delve into a topic that might not be the most glamorous but is absolutely crucial when it comes to your mortgage in Canada –...