Simple Ways To Increase Your Credit Score (Part 2) In Part 1, we discussed how credit scores are calculated. Part 2 of this blog explains how to interpret the actual credit report and how you can improve your score.Borrowers of good credit, generally with a score of 690 or higher, can offer more options for interest rates when it comes time to shop for an uninsured mortgage. Mortgage Broker Rosanna Younan has offered a few tips below on how to improve your personal credit score: ================================================ Step 1: Review your report annually and correct any errors directly with the credit bureau. You have the right to check your Credit Report – for free – as often as you

Every 4-year U.S. presidential election cycle, we hear about Americans researching ways to move to Canada when they are faced with a new political situation. Last night amidst the U.S. election results, the Canadian Citizenship and Immigration website has been crashing and apprarently it was due to too much web traffic accessing their website. In 1986 before obtaining my Canadian permanent residency status, I enrolled as a student at Toronto's Havergal College to complete my high school years with an international student visa. At that time, my parents were already planning emigration from Hong Kong to Canada well before the 1997 mass Hong Kong exodus. One sixth of the Hong Kong population e

Toronto Real Estate Home Prices Report For October 2016 [All statistics via TREB Market Watch] We are almost at the end of the year and this is a good time to take a look at the first half of Q4 based on TREB's latest October numbers. From the chart, the highest sales by home type still occur in the condominium apartment segment. Detached home sales in the GTA were also higher driven by home sales in areas surrounding the City of Toronto. Unfortunately, there is still no relief on the supply of listings to balance the demand which continues to drive up annual price growth in a Strong Seller's market with double digit increase in all home types. Buyers will be experiencing intense market comp

Should you sell your rental property with or without a tenant? There are pros and cons to both and it depends if you are prepared to deal with tenant issues. First you have to understand the responsibilities as a Landlord under the Ontario Residential Tenancy Act when you sell your rental property. This blog will provide a few tips on selling your rental property effectively. Before you contact your real estate agent to list your property for sale, you should have a candid conversation with your tenants that you intend to sell the property. Landlord and Tenant communication is key to avoid any misunderstanding between both parties to ensure a smooth selling process. Below are a few commonly

Simple Ways To Increase Your Credit Score (Part 1) Borrowers of good credit, generally with a score of 690 or higher, can offer more options for interest rates when it comes time to shop for an uninsured mortgage. Mortgage Broker Rosanna Younan has offered a few tips below on how to improve your personal credit score: ================ Main factors used to calculate scores (in order of importance) 1. Payment history: -bills paid on time -missed or late payment: If payment is even 1 day after due date, it’s considered late & the longer it takes to make a payment, the great the impact -debt not paid/sent to collection/written off -whether bankruptcy has been declared -withholding payments due t