Featured #Home Buying
Naturally, we, at nesto, are deeply concerned about the Coronavirus, as are you. We have asked everyone from our team to work from home, and though we remain 100% operational, we understand that this particular time may generate many questions…
Mortgage Basics #Home Buying
Key Takeaways Montreal has experienced rapid growth in house prices for most residential categories from 2020-2022.The average sold price of a home in Montreal in March 2022 was $587,415, an increase of 14% year-over-year.Montreal’s sales-to-new listing ratio (SNLR) currently sits…
Whether you should pay your property taxes with your mortgage so that your lender pays the municipality on your behalf or if you make property tax payments straight to your city is an age-old debate. While first-time home buyers are…
Key Takeaways The Bank of Canada periodically sets a central interest rate, known as the target overnight rate, or key policy rate.Currently, the Bank’s key policy rate is set at 1.00%, as of April 2022. It is expected to rise…
Key Takeaways A mortgage lender is any financial institution or individual that lends money to help people buy a home.In Canada, mortgage lenders range from very large banks, to smaller banks, credit unions, alternative lenders, and even private lendersWhen choosing…
Key Takeaways You can refinance your mortgage early to benefit from a lower interest rate, or access equity in your home.Refinancing can help you access equity in your home for things like home improvements, debt consolidation, or buying a second…
Key Takeaways Calgary saw rapid growth across all residential housing types throughout the pandemic, due to low supply and high demand.In March 2022, the average price of a home in Calgary was around $538.283While growth is expected throughout 2022, some…
