Bridge financing is a short-term loan used to cover financial gaps between the purchase of a new property and the sale of an existing property. 

When someone wants to purchase a new property but has not yet sold their existing property, they may apply for a bridge loan from a lender, such as a bank or mortgage broker. The lender will assess the borrower's financial situation and may approve the loan based on the value of the borrower's existing property and the expected sale price.

The bridge loan is typically secured by the borrower's existing property and is usually repaid when the property is sold. The loan may have a higher interest rate and fees than a traditional mortgage, due to the short-term nature of the loan and the risk involved.

It can also be used by investors who want to take advantage of a good real estate deal but don't have the funds available at the time.

It is important to note that bridge financing should only be used as a short-term solution, as the higher interest rates and fees can quickly add up. Borrowers should also carefully consider their ability to repay the loan and should have a solid plan in place to sell their existing property within a reasonable timeframe.
 

Renting an apartment in Ontario can be quite an expensive undertaking, leaving many residents wondering why they must shell out such hefty sums just to secure a place to live. For newcomers to the area, the high cost of rent can be quite shocking.

In this blog post, the expert at Nicole Tracey Mortgages will delve into the factors that contribute to the costly rental market in Ontario and how they affect tenants and landlords alike. By understanding these factors, you'll be better equipped to navigate the rental landscape and make informed decisions for your housing needs.

According to the Canadian Real Estate Association, the Spring market is anticipating a drop in home prices edging down approximately 6% from 2022, putting the average home price at $662,103 in 2023. The downward trend stems from rising interest rates and continued uncertainty in the marketplace.

Government bond yields are an important factor that can impact fixed interest rates. To better understand this relationship, we first need to define what government bond yields and fixed interest rates are.

In the current economic climate, speaking with a mortgage broker has become more important than ever. Mortgage brokers are professionals who can help you find the right mortgage product that suits your unique financial situation. They are knowledgeable about the various types of mortgages available in the market and can help you understand the pros and cons of each.

 
Original Article Source Credits: The Beacon Herald, https://www.stratfordbeaconherald.com

Article Written By: Cory Smith

Original Article Posted on: Jun 09, 202

Link to Original Article: https://www.stratfordbeaconherald.com/news/local-news/united-way-survey-shows-need-for-more-housing-options-in-huron-perth?__vfz=medium%3Dstandalone_content_recirculation_with_ads

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Original Article Posted on: Feb. 15, 2021

Link to Original Article: https://www.hgtv.ca/real-estate/blog/remodeling-trends-2021-rental-1945927

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Article Written By: Kathleen Saylors

Original Article Posted on: Jun 09, 2021

Link to Original Article: https://www.stratfordbeaconherald.com/news/local-news/provincial-funding-for-oxford-county-modular-housing-development-going-forward

Original Article Source Credits: Better Dwelling, https://betterdwelling.com

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Original Article Posted on: APRIL 1, 2021

Link to Original Article: https://betterdwelling.com/canadian-mortgage-approvals-for-over-leveraged-borrowers-soars-to-a-record-high/

Original Article Source Credits: CBC, https://www.cbc.ca

Article Written By: Pete Evans

Original Article Posted on: Apr 08, 2021

Link to Original Article: https://www.cbc.ca/news/business/osfi-mortgage-stress-test-rules-1.5979558

Original Article Source Credits: CISION, https://www.newswire.ca

Article Written By: Western Economic Diversification Canada

Original Article Posted on: Mar 16, 2021

Link to Original Article: https://www.newswire.ca/news-releases/government-of-canada-supports-recovery-and-growth-of-women-led-businesses-across-the-prairies-amid-covid-19-pandemic-885971007.html

Original Article Source Credits:   Apartment Therapy , https://www.apartmenttherapy.com/

Article Written By:  OLIVIA HARVEY

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Link to Original Article:  https://www.apartmenttherapy.com/tiktoker-facebook-marketplace-furniture-flips-36887449

Original Article Source Credits:   Money Sense , https://www.moneysense.ca/

Article Written By:  RENEE SYLVESTRE-WILLIAMS 

Original Article Posted on:  DECEMBER 1, 2020

Link to Original Article:  https://www.moneysense.ca/save/taxes/income-tax-t2200/

Original Article Source Credits:   The Canada Life Assurance Company , https://www.canadalife.com/

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Link to Original Article:  https://www.canadalife.com/investing-saving/mortgages/how-to-choose-the-right-type-of-mortgage-for-you.html

Original Article Source Credits:    Canada Mortgage and Housing Corporation , https://www.cmhc-schl.gc.ca/

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Link to Original Article:  https://www.cmhc-schl.gc.ca/en/finance-and-investing/mortgage-loan-insurance/the-resource/mortgage-application-tips-what-your-mortgage-professional-needs-to-know

At Nicole Tracey Mortgages, I love making my customers happy. But don’t just take it from me! Here’s what my satisfied customers have to say:

Original Article Source Credits:   Now Toronto , https://nowtoronto.com/

Article Written By:   Radheyan Simonpillai

Original Article Posted on:  Jan 9, 2021

Link to Original Article:  https://nowtoronto.com/lifestyle/finance/mortgage-fixed-variable-rate-2021-canada-savings

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