September 27, 2023 https://peterpaley.com/purchase-plus-improvments-mortgages/ Purchase Plus Improvements is an excellent but underutilized program, especially in our Manitoba real estate market. The program allows a homebuyer who is applying for an insured mortgage (usually less than 20% down) to include up to $40,000.00 of home renovations or improvements in the mortgage. Typically the eligible types of […]

Fall Market Update. As you may have heard, The Bank of Canada opted to maintain its policy rate at 5% as of September. The recent rate hikes over the spring and summer have slowed the housing and mortgage markets as potential buyers were unsurprisingly spooked by the rise in mortgage rates. More recently, fixed-rate loans […]

https://peterpaley.com/home-building-construction-mortgages/ Let’s talk about building a new home. Over the last few years, it has been a very stressful process. Global supply chain problems, long delays, and rising interest rates unquestionably put much financial strain on many home buyers. In Winnipeg, homebuyers walked away from their contracts due to higher interest rate costs and not […]

Alternative Lending/ “B”- Lending The alternative lending space was truly formed from the adage “Necessity is the mother of invention”. Unlike, the prime/”A” lending space where the Banks and Credit Unions prefer to lend, alternative lenders like to particularly lend to borrowers who don’t fit the small box set out by the Banks. A stigma […]

Countertop Materials for Your Kitchen. They say the kitchen is the heart of every home, and what better way to treat this important space than by ensuring you have all the right materials? When it comes to your kitchen, there are a variety of options for cupboards, appliances, and countertops. What you may not realize, […]

Converting Your Basement to an Income Suite. With the current interest rates and economic scenarios, many Canadians may be looking for ways to bring in some extra cash. One option for this is to put your home equity to work and consider renovating your basement into a legal income suite! You can do this by […]

Mortgage Portability. When it comes to getting a mortgage, one of the more overlooked elements is the option to be able to port the loan down the line. Porting your mortgage is an option within your mortgage agreement, which enables you to move to another property without having to lose your existing interest rate, mortgage […]

What do Your Teenagers Need to Know about Money?. As adults, we all know the critical importance of managing money wisely and the impact our financial situation has on our overall well-being. As parents, we do our best, but there are plenty of life lessons we need to teach our kids, and personal finance doesn’t […]

How to Talk to Your Kids about Finances. Financial independence is a critical skill for future success that your children will not learn anywhere else. Not only does financial literacy help your children have more success in life, but it allows them to move out sooner and it avoids delaying your retirement with additional expenses […]

This article was published on MLT AIKINS Website on November 8, 2022.  The authors were Saravan Veylan and Dax Moir.   It was one of the best summaries of the anticipated legislation that I have read so far and had to share it. Beginning January 1, 2023, non-Canadians will be subject to a two-year ban on […]