Mortgage in Foreclosure

March 14, 2019 Mortgage by CanWest No comments

Foreclosure is the legal steps that a lender takes to recover arrears and principal on a mortgage loan that is in default.  If your Mortgage is in Foreclosure, contact us right away, as our lending partners are specialized and will help take steps that can stop the mortgage foreclosure from proceeding. Click here to apply […]

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Home Renovation Mortgage

March 3, 2019 Mortgage by CanWest No comments

When dreaming of a home renovation, visions of new cabinets, counter tops and appliances are often the first things that come to mind. Maintaining your property and undertaking smart renovations not only improve the utility and value of your property, they can also protect the value in a declining market or make it easier to […]

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Alternative Mortgage Lending

February 4, 2019 Mortgage by CanWest No comments

Alternative Mortgage lending is arranged when you have one of life’s common setbacks, such as work injury, divorce, car breakdown, or layoff from employment which has temporarily affected your credit score. Maybe you are in arrears on your mortgage and they have threatened a Foreclosure action? Maybe you have a bad credit score or want […]

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Take Charge of Revenue Canada Debt

February 3, 2019 Mortgage by CanWest No comments

Many self-employed people, presently or in the past, have accumulated tax arrears at some point. The CRA has strong powers to make sure they collect what people owe. They charge penalties and interest on all tax arrears. They can withhold child tax credits and GST credits until the arrears are paid. They can take money […]

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What is a Private Mortgage?

February 1, 2019 Mortgage by CanWest No comments

For those having trouble qualifying for a traditional mortgage, other solutions are still available, one of which is a private mortgage. And with increasingly stricter mortgage regulations and qualification requirements being introduced by the government, they’re growing in popularity. Whether you have bad credit or want to consolidate your debt, Canada West Mortgage has a network […]

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RRSP`s in Canada – Who are they for?

January 30, 2019 Financial Planning, Mortgage by CanWest No comments

An RRSP is a retirement savings plan that you establish, that the CRA registers, and to which you or your spouse or common-law partner contribute. With the federal government’s Home Buyers’ Plan, you can use up to $25,000 of your RRSP savings ($50,000 for a couple) to help finance your down payment on a home. To qualify, the RRSP funds you’re […]

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Alberta Labour Market & Economy- January 2018

January 6, 2018 Financial Planning by CanWest No comments

Alberta Œ Employment jumps to a new high. Alberta added 26,300 jobs in December, the largest monthly gain since June 2011. Employment increased for the third month in a row, surpassing the pre-recession peak. The number of active rigs in Alberta averaged 155 in December, up 2.9% y/y. The average rig utilization rate was 30% […]

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New Mortgage Rules in Canada- January 1st, 2018

January 1, 2018 Mortgage by CanWest No comments

Stricter new mortgage rules about who can qualify for an insured mortgage took effect across the country. Canada`s OSFI (Office of the Superintendent of Financial Institutions) is “reinforcing a strong and prudent regulatory regime for residential mortgage underwriting.” Here is a link to the OSFI website. Among the major new mortgage rules is a requirement to stress […]

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