The real estate market has recently been highly volatile and booming. The Toronto housing market has been a seller’s market since 2021. The projected interest rate changes and market expectations post-COVID are affecting things. As a result, the market will gradually slow down during the following few months, and we can begin to witness a

What is a credit score? When you borrow money from a bank or a lender, they share your details with the credit bureau. Over time the credit bureau collects additional information, such as debt owed, purchase history, and how often you pay your bills on time. These factors help calculate your credit score, a three-digit

  With 2021 already looking fiercely competitive across several real estate markets in Canada, we have recognized that there still seems to be a pretty large disconnect between clients’ financing expectations of what they believe they can qualify for and what they get in the end.   These days, it’s common to have a conversation with

Hugo Dos Reis – VINE Group Obtaining a regular mortgage in 2019 can be quite a challenge with the stress test rules, lender policy changes, et cetera. Obtaining a mortgage for a rental property can be even more challenging with all the very conservative lending criteria lenders use to assess affordability. There are plenty of

Hugo Dos Reis Tax season is just around the corner. If you haven’t already started preparing, you’ll want to ensure you’re ready as the process can be very document heavy. The deadlines are April 30th 2019 for personal returns and June 15th 2019 for self-employed submissions. With mortgage rules consistently changing, having both a strong

Hugo Dos Reis If you’re self-employed like us, you’ve likely experienced how difficult it can be to obtain financing from a lender. With 15% of the Canadian population being self-employed, the reality is that most of these individuals show much less income on their tax return than they actually earn. While this allows significant tax

Hugo Dos Reis 2018 has been a historic year for mortgage rule changes and policy tightening. We kicked off the year with the “Stress Test”, impacting the way Canadians qualify for mortgages by increasing the criteria lenders use for mortgage underwriting. This change alone reduced overall borrowing capacity by an average 30%. Meaning, that borrowers