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Have Mortgage Rates Peaked? What Canada’s Lenders Heard in Calgary
By Daniel Johanis, Principal Broker, Pekoe Mortgages On October 19, I was in Calgary for the National Mortgage Conference, in a room with nearly every
Can You Use a HELOC or Borrowed Money for Your Down Payment in Canada?
Yes, in specific circumstances. Some lenders and mortgage default insurers will accept a HELOC (home equity line of credit) or another borrowed source for part
Renting Out Your Home? How the 45(2) Election Can Defer the Tax Hit
Converting your principal residence into a rental triggers what the Income Tax Act calls a change of use. The CRA treats this as a deemed
Second Mortgage vs Refinance to Invest: Which One Actually Costs Less?
A second mortgage and a refinance both turn home equity into cash, but they are priced, secured, and qualified differently. Whether the interest is tax-deductible
Can You Use the FHSA and Home Buyers’ Plan Together for One Down Payment?
Yes. A first-time buyer can withdraw from both a First Home Savings Account (FHSA) and the Home Buyers’ Plan (HBP) to fund the same home
Using a HELOC to Buy a Rental: When the Interest Is Deductible (and the Qualification Trap)
Interest on a home equity line of credit (HELOC) used to buy a rental property is generally tax-deductible under Canada Revenue Agency (CRA) rules, because
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Have Mortgage Rates Peaked? What Canada’s Lenders Heard in Calgary
By Daniel Johanis, Principal Broker, Pekoe Mortgages On October 19, I was in Calgary for
Can You Use a HELOC or Borrowed Money for Your Down Payment in Canada?
Yes, in specific circumstances. Some lenders and mortgage default insurers will accept a HELOC (home
Renting Out Your Home? How the 45(2) Election Can Defer the Tax Hit
Converting your principal residence into a rental triggers what the Income Tax Act calls a
Second Mortgage vs Refinance to Invest: Which One Actually Costs Less?
A second mortgage and a refinance both turn home equity into cash, but they are