1. Waiting for rates to drop before you buy?!

Sometimes we forget how low today's mortgage rates are, historically speaking. Back in 1981, when rates exceeded 21%, a $200,000 25-year mortgage cost more to carry than a $500,000 mortgage today!

2. Saving on Interest:

35 year amortization period mortgages for various reasons are currently very popular. If your only choice is a 35 year mortgage, when buying a house, then here is a helpful tip for easing the burden of excessive interest costs: elect to go with the non accelerated weekly payment, that way you are making extra payments on an annual basis. Also, remember, all lenders that we work with provide pre-payment privileges that help you create your own amortization period and pay off the mortgage sooner.

3. You are not alone!

According to Statistics Canada, about 1/3rd of all renters, approximately 1.3 million renter households, are currently considering purchasing a home. There are 4 million renter households in Canada, among a total 12 million households.