I Love Winnipeg Real Estate

Understanding a Spousal Buyout Mortgage

If you’re going through or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property and buy out your ex-spouse.

National Real Estate Investors Community

In this episode we chat with Dakotah Charron about the National Real Estate Investors Community. NREIC is an exclusive community of like minded investors with a collective goal of growth achieved through sharing resources, off market deals, capital and expertise. 

Make Your Mortgage Tax Deductible

In this episode we discuss how to use The Smith Manoeuvre in Canada to make your mortgage tax deductible and create wealth. 

Protect Yourself at your Mortgage Renewal

In this episode we discuss how it's a commonly held belief that if you’ve made your mortgage payments on time throughout the entirety of your mortgage term, that the lender is somehow obligated to renew your mortgage. 

 

Locking in a Variable Rate Mortgage

If you have a variable rate mortgage and recent economic news has you thinking about locking into a fixed rate, here’s what you can expect will happen. You can expect to pay a higher interest rate over the remainder of your term, while you could end up paying a significantly higher mortgage penalty should you need to break your mortgage before the end of your term.

Why the Property Matters in Mortgage Financing

When looking to qualify for a mortgage, typically, a lender will want to review four areas of your mortgage application: income, credit, downpayment/equity and the property itself. 

Getting a Mortgage While on Parental Leave

If you’ve thought now is the time to find a new property to accommodate your growing family, but you’re unsure how your parental leave will impact your ability to get a mortgage, listen to this episode! 

Handling Annual CAM Reconciliation at a Commercial Property

Common area maintenance charges, or CAM charges, are a routine aspect of commercial property maintenance and expenditure management. When executed properly, common area maintenance charges allocate a share of property maintenance expenses to each commercial tenant.

Condominium Budget Season Is Approaching

The end of the fiscal year means it's time for condominium corporations to pass a budget for the next year. Involving a committee comprised of unit owners is a smart idea to avoid any pitfalls or disagreements.

Using an RRSP for a Home Purchase

Did you know there’s a program that allows you to use your RRSP to help come up with your downpayment to buy a home? It’s called the Home Buyer’s Plan (or HBP for short), and it’s made possible by the government of Canada. While the program is pretty straightforward, there are a few things you need to know.