Mortgage Blog
Getting you the mortgage you deserve
Top 10 Considerations When Moving to a New Area
March 24, 2021 | Posted by: Justin Emilio
Peak Moving Season being just around the corner, most movers and other professionals in the industry will tend to encourage moving during the offseason. No matter where you are moving to, here are some things or tips you may want to consider before taking the big step!Your New Commute
Do you plan to take public transportation to work? If you're moving to a bigger city, this may be more cost-effective and most likely reduce time spent in traffic. Think about where you'll be working and decide how long of a commute you can handle before looking at homes.
What Are the Taxes Like?
There can be substantial differences in tax laws that can have a big impact on your paycheck. You would not want to be surprised at tax season so make sure you do some research.
Are Your Upgrading or Downsizing?
No matter if you are upgrading to a newer and bigger place or downsizing, it may be wise to speak with a mortgage and a real estate professional. A Mortgage professional can give you advice on the best financial way to access the funds you need. Once you have a clear picture of what type of funds you have available, a real estate professional can help find the most suitable place for your needs.
Do You Need a Vet?
For those with pets, you may want to look into a good vet before moving. Moving is not only stressful for people; some animals may get quite upset with the whole moving process. Having a vet lined up should make it easier to bring your pet for a check-up sooner and make sure they managed the trip ok
Finding New Doctors
Your pets aren't the only ones that will need new medical care. Ask your primary care physician for a referral to new doctors in the area – and don't forget to look for urgent care clinics and emergency rooms nearby, too!
What Are the Schools Like?
If you have a family with kids, you may want to check the report cards for the school district. You can find reports and data related to student achievement and demographics online or lean on your realtor to help gather this information for you.
It may also be a good idea to consider moving during a school break. It will give your family time to get settled before starting the busy school year full of studying and after school activities.
Visit the New City First
Real estate professionals will take you to tour as many homes as you would like; it may be a good idea to spend some time exploring your new city. Take the time to see the different areas and the sights before you decide if you would like to live there.
What's the Weather Like?
Will you need to invest in coats and snow boots? Or are you moving to a much warmer climate? Check out the weather for your new location – sometimes, you may find that it to be a deal-breaker.
Do You Need a Vehicle Inspection?
Moving from one location to another may require a vehicle inspection before allowing you to register your car and get new plates. Look online for the requirements so you don't accidentally get a ticket to your new home.
How Much Will it Cost to Move?
Will you hire movers, or will you be packing and unpacking on your own? Set your moving budget carefully, and don't forget to factor in things like taking time off work, buying a houseful of new groceries, and possibly staying a few nights in a hotel while you get your new house set up.
Ready to Get Moving?
Moving to a new area is not always easy; stay focused and you should be able to finish the moving preparations. Make sure you double-check everything so you can have a nice trip to your possible new home. Reach out for more details on how we can help you in your new home.
2023
5 Things NOT to do When Selling Your Home
Bank of Canada Rate Update March 8, 2023
The Bank of Canada Holds Rates Steady Even As the Fed Promises to Push Higher
Selling Your Home in the Winter: How You Can Make the Most of It
When's The Best Time To Review Your Mortgage?
Title insurance and home insurance–protect what matters most
How To Keep Your Credit Score Sparkling?
It’s Too Late for a 5-year Fixed
Grow your wealth in real estate with the BRRRR strategy.
Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening
Bank of Canada raises policy rate by 25 bps to 4.5%
Before you lock in your variable rate
2022
Should You Spend the Full Mortgage Amount You're Approved For?
The Pros and Cons of Fixed vs. Variable Mortgages
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
The Bank of Canada Hiked Rates The Full 50 bps
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
Job Loss and Your Mortgage Application
10 Things to Know About the Offer Process
A Six-Step, Back to Basics Financial Plan for Most Every Canadian
Canada's Inflation at 6.9% in October Supports a December Rate Hike
10 Important Questions to Ask Your Contractor
Bank of Canada Slows Pace of Rate Hikes
Bank of Canada Rate Update October 26, 2022
Best Ways to Plan for Your Down Payment
Bank of Canada Will Not Be Happy With This Inflation Report
Common Mistakes That House Flippers Make & How to Avoid Them
Understanding Mortgage Trigger Points
Canadian Inflation Slows For the Second Consecutive Month
How Mortgage Rates Affect Buying Power?
Bank Of Canada Rate Update September 7, 2022
Should You Pay Off Your Mortgage Early?
Gasoline Prices Dipped, But No Time To Celebrate
How Many Homes Should You View Before Buying?
Looking to buy your first home in BC? Here are programs that can help you with that goal
Breaking Your Mortgage Without Breaking The Bank - How Mortgage Penalties Are Calculated
5 Things to Consider When Building Your Own Home
Canadian Inflation Surged to 8.1% in June
Bank Of Canada Rate Update July 13, 2022
Tips for Buying Rental Investment Properties
Inflation, Interest Rates & Locking In
5 Negotiation Secrets Smart Buyers Use to Get Better Deals
Bank Of Canada Rate Update June 1, 2022
Another Jumbo Rate Hike, Signalling More To Come
Dreaming of a Home Away From Home?
Reverse Mortgages and What to Know
How a Mortgage Pre-Approval Can Protect You from Rising Rates
Purchase + Improvements Mortgages
How is a Private Mortgage Different Than a Traditional Bank Mortgage
Have You Had Your Mortgage Check-Up?
Purchase Plus Home Improvements?
Home-Buying 101: A Guide to Purchasing Your First Home
Bank Of Canada Rate Update April 13, 2022
From tax breaks to homebuyer incentives, how the 2022 federal budget affects Canadians’ wallets
5 Benefits of an Investment Property
Preparing for the Spring Market
Refinancing: What You Should Know
Tips for Picking the Right Home to Flip
Bank of Canada Starts Hiking Rates, Signalling More To Come
The Difference Between Bank of Canada Rate and Prime Rate
Bank Of Canada Rate Update March 2, 2022
Can Housing Upgrades Affect Your Insurance?
What to Look for During a Home Tour??
Rent to Own Homes vs. Mortgage: How Do They Work?
Improving Your Financial Direction
Bank Of Canada Rate Update January 26, 2022
Top 10 Questions to Ask Your Mortgage Broker in BC
How Much of A Mortgage Can You Afford?
2021
Prequalification and Pre-Approval—What is the Difference? Home Buying in BC
Bank Of Canada Rate Update December 9, 2021
Mortgages for the Self-Employed
What to do if You Are Denied a Mortgage
How to Know if it's Time to Refinance
Bank Of Canada Rate Update Oct 27, 2021
Five Great Benefits of Owning an Investment Property
What Is Home Equity and How Can I Build It?
Why Invest in a Home Inspection
Low Credit is Spooky! Get Better Credit With The 5 C’s
How to Handle a Low-Ball Offer in Real Estate | Home Selling Advice
5 Approval Roadblocks You Should Know
How to Talk to Your Kids about Finances
Bank Of Canada Rate Update Sept 8, 2021
What are credit scores and how are they important?
Getting a Mortgage as a Student
What Happens if You Lose Your Job Before Closing?
How a Funding Condition Can Secure Purchasers From Financial and Legal Penalties in BC
Bank Of Canada Rate Update July 14, 2021
Risks of Putting Down a Firm Offer with a Pre-Approval BC
Low Rates in BC Helping Buyers Pay Off Their Mortgages at Record Pace
Buying Land To Build A Home in BC
Bank Of Canada Rate Update June 9, 2021
Your House-Closing Timeline: A Step-By-Step Guide | BC
What Are the Next Steps After Your Offer Was Rejected? In BC
Investing In An Apartment Complex
2021 Mortgage Stress Test - Latest Updates
Things To Look Out For When Viewing A Property
April 2021-Bank of Canada Releases Results from Consultations on Inflation and Monetary Policy
Buying A Home As A Senior Citizen | BC
Top 10 Considerations When Moving to a New Area
Multi-Family Lending: What You Need To Know About Hard Money Loans
Why Borrowers May Choose a Private Mortgage
How to Handle a Mortgage After a Separation or Divorce
How Good vs Bad Debt Impacts Your Household
Benefits of Investing in Multi-Family Real Estate
2020
Top 3 Biggest Home Seller Mistakes
3 Tips on How to Better Your Credit Score
Cons of For Sale By Owner (FSBO)
Real Estate 101: Getting Your Home Ready To Show
Tips for Real Estate Investors
Reverse Mortgages – Impact on Heirs
Advice for First-Time Home Sellers
Top 3 Home Improvement Ideas to Increase the Value of Your Home
5 Things NOT To Do When Selling Your House
Home Inspections, How They Can Benefit Home Buyers and Sellers
Useful Tips for Buying and Selling A Home During Covid-19
When Is Mortgage Refinancing a Bad Idea?
Is it a Good Time to Become a First-Time Home Buyer?
5 First-Time Homebuyer Mistakes To Avoid
5 Smart Ways to Use a Home Equity Line of Credit
What should you consider when refinancing your mortgage?
6 Signs a Home Will Likely Increase In Value
6 Persistent Real Estate Myths You Really Need to Ignore
Should You Pay Off Your Mortgage Early?
New Stress Test On Insured Mortgages
Real Estate 101: Essential Tips for First-Time Home Buyers
10 Essential Tips for Taking Out Your First Mortgage
Should You Refinance Your Mortgage?
Should You Spend the Full Mortgage Amount You're Approved For?
Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!
2019
Strategies to Dig Yourself Out of the Debt Hole
Why You Need an Emergency Fund And How to Get One