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The latest thoughts and insights from Geoff Lee and GLM Mortgage Group | Dominion Lending Centres
The Bank of Canada’s Rate Cuts
The Bank of Canada’s Rate Cuts: What They Mean for Canadians and the Future of Our Economy The Bank of Canada (BoC) has been on a rate-cutting spree in 2024, bringing much-needed relief to many Canadians. With the announcement a couple weeks ago of a 25 basis points...
Mastering Reverse Mortgage Repayment: A Comprehensive Guide to Options and Pitfalls
Mastering Reverse Mortgage Repayment: A Comprehensive Guide to Options and Pitfalls Why Understanding Reverse Mortgage Repayment Is Crucial for Canadian Homeowners Reverse mortgages offer a unique financial tool for Canadian homeowners, particularly seniors, looking...
️Episode 25: Unlock the Secrets of Affordability in Today’s Market!
In our latest episode of The Real Deal Pod, Geoff and I dive deep into the shifting real estate landscape. We break down the recent Bank of Canada rate cut, explore how affordability calculators can help you make smart financial decisions, and discuss whether a fixed...
Empowering Homebuyers: The Importance of an Affordability Calculator for Mortgages
Empowering Homebuyers: The Importance of an Affordability Calculator for Mortgages Introduction In the ever-evolving Canadian real estate market, buying a home is a dream for many. Whether you’re stepping onto the property ladder for the first time or upgrading to a...
️Episode 24: Accessing Home Equity – Second Mortgages, HELOCs, and Refinancing Explained
In our latest episode of The Real Deal Pod, Geoff and Allister dive deep into the world of home equity. Geoff provides a comprehensive overview of second mortgages, HELOCs, and refinancing, breaking down the key differences, interest rates, and costs associated with...
Empowering Homebuyers: The Importance of an Affordability Calculator for Mortgages
Empowering Homebuyers: The Importance of an Affordability Calculator for Mortgages Introduction In the ever-evolving Canadian real estate market, buying a home is a dream for many. Whether you’re stepping onto the property ladder for the first time or upgrading to a...
Episode 23: Unlocking the Real Costs of Buying a Home
Ready to dive into the hidden expenses of purchasing your dream home? In our latest episode of The Real Deal Pod, Allister and Geoff break down everything you need to know about closing costs, from property transfer taxes to legal fees and everything in between. In...
Episode 22: Maximize Your First-Time Homebuyer Benefits in 2024
In this episode of The Real Deal Pod, Allister and Geoff dive into the latest first-time homebuyer programs and benefits in Canada, breaking down how you can save big on your next purchase! From extended amortizations to tax credits and down payment strategies, they...
Second Mortgages vs. Refinancing in Vancouver, BC
Streamline Your Financial Journey: Second Mortgages vs. Refinancing in Vancouver, BC For homeowners in Vancouver, BC, tapping into the equity built within your home can be a strategic way to meet financial goals, manage debt, or fund major projects. The big question...
Understanding Closing Costs: Budgeting Beyond the Purchase Price
Understanding Closing Costs: Budgeting Beyond the Purchase Price When purchasing a home, the sticker price is just the beginning. While the purchase price is the most significant financial commitment, many homebuyers in British Columbia and across Canada often...
Programs for First-Time Home Buyers: What You Need to Know
Programs for First-Time Home Buyers: What You Need to Know t-TiFortunately, there are various programs and incentives available to first-time home buyers in Canada, designed to make homeownership more accessible and affordable. This blog will delve into these...
Episode 21: Navigating Rental Investments & Digital Strategy with Mario Micka
Unlock the secrets to smart real estate investing and cutting-edge digital marketing in our latest episode of The Real Deal Pod. Join us as we dive into a lively discussion with Mario Micka Founder and Digital Strategist of Digital Trek. We cover everything from the...
Episode 20: Unveiling Home Inspection Secrets with Expert Daniel Fedosenko
Unlocking the Secrets of Home Inspections with Expert Daniel Fedosenko In our latest episode of The Real Deal Pod: With Allister & Geoff, we're joined by Daniel Fedosenko, Owner of Mr. Home Inspector, to delve into the crucial role of home inspections in the real...
Choosing the Right Neighborhood: Factors to Consider
Choosing the Right Neighborhood: Factors to Consider When Buying a Home Choosing the right neighborhood is one of the most important decisions you'll make when buying a home. Choosing the right neighborhood can enhance your quality of life, influence your home's...
CMHC vs. Private Insurance
Understanding Mortgage Default Insurance: CMHC vs. Private Insurance When embarking on the journey of homeownership across Canada, one term that often surfaces is "mortgage default insurance." This crucial element of the home buying process is designed to protect...
Episode 19: Renting vs. Buying – What’s Best for You?
Explore the latest insights on the Bank of Canada rate cut and the age-old debate of renting vs. buying a home! In our latest episode of The Real Deal Pod, Allister and Geoff discuss the implications of the recent Bank of Canada rate cut, which lowered the prime rate...
Tax Implications of Owning Rental Property in Canada
Tax Implications of Owning Rental Property in Canada Owning rental property in Canada can be a lucrative investment, offering both steady income and potential for property appreciation. However, it also comes with significant tax implications that landlords must...
Episode 18: Market Value vs. BC Assessment – What Matters Most? #2
Unlock the essential insights on the critical difference between BC Assessment and your home's true market value! In our latest episode of The Real Deal Pod, Allister and Geoff delve into the nuances of BC Assessment and explain why understanding market value is...