Deep Sachdev
85 The Donway West, Unit T001 M3C 0L9 Toronto, ON, Canada

Singles should set aside three to six months of lifestyle costs and also maintain a line of credit as a backup #PowerYourFinances

The Real Life Ratio is a guide to how much house you can afford and still meet these other important financial obligations. #mortgages #firsttimehomebuyer https://www.theglobeandmail.com//is-your-/article32454366/

Start 2021 off on the right foot #getmoneysmart

Happy New Year! #getmoneysmart

Today’s financial tool : Gifting Sense is a resource to help parents and educators teach kids to be smarter consumers to think before they buy, in other words. Here’s a link to a tool parents can use with children to see if a purchase makes sense. #getmoneysmart #financialliteracy

Introducing Partners Private Capital. Your trusted administration partners for private mortgage investments! We are dedicated to improving the private lending experience for both investors and borrowers in the private mortgage landscape. Thank you to our management team, our lawyers and independent consultants for helping to bring our vision to reality. For all our clients, friends and valued partners who have eagerly been awaiting the news... we've officially launched! 2021 marks the beginning of a new chapter for us and we're ready to hit the ground running!

One of the world's largest credit rating agencies confirmed their forecast that prices will drop next year, adding Toronto will be one of the largest declines.

Canada’s national housing agency warned homebuyers with small down payments to stay out of the market. They may have just done the exact opposite. This is the first time in years that insured mortgage debt has shown growth. Meanwhile, uninsured mortgages, with larger down payments, saw growth slow to a multi-year low. #mortgages #torontorealestate

Experts say borrowers should start shopping around now to lock in at a low rate to refinance or buy a home, because a new 0.5% fee on refi loans goes into effect Dec. 1. At least some lenders are expected to pass it on to consumers by raising mortgage rates across the board. #mortgagerates #refinance

The debt-to-income ratio is a measure of how much debt a household is carrying, relative to its disposable incomethat is, the money you have available to spend or save, after taxes and other non-discretionary expenses are made. Here's what you need to know:

This week's 15-point cut comes on top of that and theoretically means qualified borrowers can now be approved for a slightly bigger mortgage than they could last week, even if their income is still the same. #mortgages

Wishing a #HappyFathersDay to all the great dads out there who go above and beyond every day for their families in these difficult times! Enjoy your special day ! #FathersDay #COVID19

With #COVID19 restrictions easing and stores opening up, it can be difficult to resist impulse buying. A budget can help you make mindful purchases, avoid debt and increase your savings. Try our Budget Planner: http://ow.ly/n47450A9eOX #SplurgeDay

You receive an email offering you a loanguaranteed! All you have to do is pay a fee up front. Don't fall for such claims ! It’s most likely a scammer trying to steal your money, not lend you some. http://ow.ly/fLU050A88uh #COVID19

Tamara and Aaron were supposed to get married in July. So much for that. Instead, they took the $45,000 they saved from the wedding and put it toward a down payment.

The government-backed Canada Mortgage and Housing Corp said on Thursday it would tighten rules for offering mortgage insurance from July 1, after forecasting declines of between 9 per cent and 18 per cent in home prices over the next 12 months. The move would make it harder for riskier borrowers, who offer down payments of less than 20 per cent, to access CMHC’s default mortgage insurance. #mortgages #cmhc #firsttimehomebuyer

Big mortgage penalties are an issue flaring up right now because of low interest rates. #mortgages

You may be surprised just how much Monopoly can teach us! #realestate #investing #getmoneysmart

Aspiring owners should think carefully before buying a home with the minimum down payment. An estimated one in three first-time buyers and one in eight new mortgages have less than 10-per-cent equity. Most are putting down just 5 per cent, which, after default-insurance fees, leaves them almost 100-per-cent financed. #mortgages #firsttimehomebuyers #getmoneysmart

Sellers are currently willing to concede discounts of around 5 per cent, while bidders are hoping for about 20 per cent off pre-pandemic prices. #realestate #mortgages

One reason why this tax season may seem particularly stressful is because of the amount of thought already being dedicated to next year’s, when two of the most prominent COVID-19 reactions, remote work and the federal government’s Canada Emergency Response Benefit, come into play. Here are some tips to consider: #taxes #mortgages #expenses

Big lenders are tightening their requirements for real estate investors, which could further slow activity in Southern Ontario where investor demand had driven up prices and sales. #mortgages #heloc #realestateinvesting https://www.theglobeandmail.com//article-big-banks-are-ti/

It’s important to remember that the monthly CERB payments are taxable, which could come as an unexpected surprise next year when you file your 2020 tax returns. Let’s review the CERB and how the payments are taxed so you can set aside some funds, where feasible, for any tax owing next spring. #taxes #CERB #covid19

To cash your $2,000 #CERB cheque, a payday loan company could charge about $63 . Sign up for direct deposit or cash your government benefits cheque for free at any bank : http://ow.ly/ZvAk50zHjTT #CESB #COVID19

Teenagers who reported having conversations with their parents about money, even just once a week, have higher levels of financial literacy. #Stayinghome is the perfect opportunity to start the conversation! http://ow.ly/Bsew50zGtL7 #InternationalDayofFamilies

Here are a few financial tasks that you might want to check off your list during the next few weeks. #GetMoneySmart #Finances #Money #Debt

This is a stressful time for all Canadians, and we know that money worries weigh heavily on people's minds. There is financial help available and steps you can take to get through this difficult time: http://ow.ly/NmiX50zwEni #GetReal

Has Covid-19 drastically impacted your spending habits? #covid19 #budgeting #debt #savings

In crafting the scenarios, DBRS analysts looked at home sales in March, which fell 14 per cent from the previous month as more than three million Canadians representing five per cent of the workforce either lost their jobs or worked fewer hours. Their report notes that April’s figures will be substantially worse since the March employment report was based on the week before most large provinces closed all non-essential businesses. #unemployment #housing #mortgages

"By 2021, as the economics of housing returns to fundamentals, we expect an array of factors to result in a weaker market with some downward pressure on prices. #mortgages #housing

Not sure how to make ends meet with $2,000 a month? Our Budget Planner gives you tips and helps you see where you could cut expenses. Create your budget now: http://ow.ly/Qn3E50zwobh #CERB #COVID19

Pros and cons of redeeming travel points for cash credits and gift cards. There’s a handy chart here showing how much less bang for your buck you get when you forego travel for other rewards. #savings #creditcards #travel

Here are some things homeowners, renters, investors, contract workers and work-from-home business owners need to know about tax deductions, rebates and credits. #taxes

A new survey commissioned by H&R Block Canada reveals that 45 per cent of Canadians have yet to file their tax returns. #taxes

Make a shopping list before heading to the grocery store . Knowing what you need not only supports #PhysicalDistancing measures by reducing browsing time inside the store, but also helps you stay on budget . http://ow.ly/guiA50zmGpK #COVID19

"The extent to which the national shutdown will ultimately affect real estate investment cash flows remains to be seen." - CMLS #mortgages #commercialrealestate #cashflow https://www.reminetwork.com//regulators-plumb-mortgage-lo/

As a result of COVID-19, there are three main reasons why mortgage refinances have become much tougher for Canadians 1. More Stringent Scrutiny of Applicants’ Income and Employment 2. Lower Appraisal Valuations Than Expected 3. Lender Cutbacks in Maximum Loan-to-Value Ratio... It’s a completely different world for mortgage refinancing than just a month ago If you need to refinance, please contact me at 647-889-5560 or send me a private message as soon as possible. #refinancing #mortgages #debt #covid19 https://www.canadianmortgagetrends.com//covid-19-fallout-/

The benefit will see eligible post-secondary students receive $1,250 a month from May to August, and if you are taking care of someone else or have a disability, that amount increases to $1,750 monthly. College and university students currently in school, planning to start in September, or who graduated in December 2019 are eligible. As well, working students earning less than $1,000 per month can apply. #covid19 #money ... https://www.ctvnews.ca//pm-trudeau-announces-9b-in-new-cov

While buy now pay later plans can be tempting, it’s important to understand their risks and fees, especially for unnecessary purchases during unpredictable times: http://ow.ly/crbc50zklrz #COVID19

Make sure you’re getting a decent rate on the savings you should be trying to build up. Look into High Rate savings accounts that can give you up to 2% interest, but be sure the deposit is backed by CDIC. #savings #getmoneysmart

A mantra to adopt as you safeguard your finances in the months ahead: trust, but verify. #banks #getmoneysmart #finlit