A common question we get at Buyingblock.com is what impacts your credit rating, also referred to as credit bureau and credit report. The beacon score is the number that determines how credit worthy you are in the eyes of lenders. Lenders look at the score as a risk measure. They will base their decision, in [...]

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4. Thoroughness of the home inspection
Q. My basement is backed up with water due to roots in the main pipe. Should my home inspector be responsible for this?
A. No - the home inspection is typically a visual inspection. At the time of inspection, you do not own the house and therefore you are not allowed [...]

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1. Where to start
Q. I’ve already got a headache, where do I start when buying a home?
A. Buying a home should be an amazing experience. The problem is how to squeeze in time for likely the biggest investment of your life.
The first place you want to start is with figuring out what you can [...]

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In an effort to help combat money laundering, the Canadian government are now asking realtors to collect personal info from their client such as: “name, address, date of birth and occupation, and ask for proof of identity, such as a driver’s license or passport”. How realtors will go about confirming all this info, I’m [...]

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Can you tell I’m excited??
Buyingblock.com was just featured today in the Toronto Sun AND 24hrs! Check out the article here.
Did I mention it was a FULL page?!
Congrats to Jeff and Heather!!

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Be prepared, make sure your closings costs account for all the ‘little’ things. You don’t want to be shocked on the closing day. We recommend budgeting 2-3% of the purchase price for your closing costs. You will need to budget additional amounts because ancillary expenses can arise, and without a proper cushion, you could find [...]

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After the Bank of Canada decided to leave its rate unchanged, banks have slowly started to increase mortgage rates. CIBC started off on Wednesday with relatively small increases, but many are following with increases as much as 85 basis points!
Wow, first gas prices, now interest rates?
Check out: The Toronto Star Article

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For those of you who were hoping that the interest rates will lower again, sorry to disappoint, but the Bank of Canada decided against it, leaving it at 3%. Many were expecting another quarter percent slash and were hoping to take advantage of the lower rate, especially for those variable rate mortgage holders before [...]

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June is prime real estate season with for sale and open house signs springing up like dandelions. With this traditional buzz in real estate activity comes specials and discounts from different lenders trying to maximize market share during this busy time of year. So this is a great period to use the services [...]

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