Premier Mortgages - Sorin Badea - Mortgage Agent Dominion Lending Centres

06/09/2022

How Bridge Financing Works. In life, things rarely go as planned. This is especially true when it comes to real estate! When it comes to buying a new home, in a perfect world, most of us would like to take possession of their new residence before having to move out of the old one. This […]

02/11/2022

When it comes time to renew your mortgage, most lenders will send you a renewal letter when there is around 3 months remaining on your term.

01/24/2022

When it comes to variable versus fixed-rate, it is important to understand what these mortgages are based off of.

01/24/2022

Before you refinance, it is important to understand that if you do this during your term you will be breaking your mortgage agreement and there are penalties that come with that.

01/24/2022

Getting the Down Payment Down. A down payment is one of the most essential aspects of every mortgage application and new home purchase. In Canada, home purchases require a minimum cash payment from your own funds that is put towards the purchase. This is your down payment and is considered your stak...

01/24/2022

Twenty-five or thirty years can sound like an impossibly long time to service a loan – and for many of us, it is.

05/20/2021

The minimum qualifying rate for uninsured mortgages will rise effective June 01

05/20/2021

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Outside The Box. For most Canadians, a home looks like a few different things. It is either a single-family dwelling, a townhome, condominium or a high-rise. But Daniel Croft, Vice President of Giant Container Services, is

05/06/2021

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Common Myths About Credit Scores Mortgage Tips Sorin Badea 5 May Making The Grade: Common Myths About Credit Scores. How is your credit score calculated? It is a complex answer and, as such, common myths persist. Today, we are going to help you get a better understanding of your credit score and how...

05/05/2021

Great article about reverse mortgages.

The Top 7 Misconceptions About Reverse Mortgages General Sorin Badea 5 May The Top 7 Misconceptions About Reverse Mortgages. How much do you really know about reverse mortgages? Maybe you know that reverse mortgages can help Canadians 55+ access the equity in their home, tax-free. Maybe you know tha...

04/27/2021

5 Expenses Most Canadians Don’t Expect in Retirement General Sorin Badea 9 Apr 5 Expenses Most Canadians Don’t Expect in Retirement. According to a recent CIBC poll, nearly half (48%) of retired Canadians stopped working sooner than they expected. The result is that many retirees have saved less...

04/11/2021

What will the real estate industry look like in 2021?

If there is one word that defines life in 2021, that word is change. How much and for how long is uncertain. And while some changes may be temporary, many may be here to stay.

How will all of this change impact the real estate industry? Some key trends have emerged that bear closer scrutiny.
Residential Real Estate

With more and more people working from home and the potential of many continuing to do so in a post-pandemic world, there is an increased need for more space. Enter suburbanization. Residents living in major urban centers are steadily moving to suburbia. Will suburbs become 18-hour cities? Who knows? One thing is certain, living cheek to jowl with thousands of other people is no longer a viable option for many.
Office Space

For a while now, open-concept office space was the trend. That trend is now dead. While it allowed companies to downsize to smaller properties since less space was needed, after COVID-19, once workers begin to return to the office, we may see a return to traditional working spaces and the need for larger office buildings to accommodate them.
Retail Space

Bricks and mortar businesses have been hit hard and have seen a sharp decline in sales. Many big-name brands that previously anchored large retail spaces have permanently shut their doors. What does this mean for shopping malls? Will they survive? Experts suggest that to do so, they will have to be creative and embrace change. Think more medical clinics and multi-family residential homes rather than clothing stores with multi-user fitting rooms.
Proptech (Property Technology)

The real estate industry was on the brink of widely embracing proptech before the pandemic hit. That acceptance has accelerated like a rocket. In order to stay engaged with customers, service their needs and remain in business, companies have been forced to innovate in order to survive. This embrace of innovation will help to stabilize many sectors once the pandemic is behind us.

Published by FCT