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Costs of Owning a Home

What Are The Monthly Costs Of Owning A Home?

Needless to say, you’ll have financial responsibilities as a homeowner. Some of them, like taxes, may not be billed monthly, so do the calculations to break them down into monthly costs.

Gifted Down Payment

Can I Use Gift Funds As A Down Payment?

Most lenders will accept down payment funds that are gifted from family. A gift letter signed by the donor is usually required to confirm that the funds are a true gift and not a loan.

Bank of Canada

Is the Bank of Canada slashing interest rates?

It is more likely than not that the Bank of Canada holds the interest rate at 1.75% on Wednesday, but there’s a growing chorus that believes it will decrease the rate before the end of the year.

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