Your Resolution May Fail by February… Here’s Why

Barb PInsent • January 7, 2025

The start of a new year inspires us to set ambitious goals, from getting fit to saving more money. But did you know that most people abandon their resolutions just 36 days into the year? That’s right—by early February, many of us have already fallen back into old habits.


When it comes to major financial goals like homeownership, buying a rental property, or planning your housing for retirement, it’s even easier to get derailed. The process can feel

overwhelming, especially if you’re going it alone.


But here’s the good news: working with a team of experts, like myself, can help you stay on track and achieve those dreams. Let’s break down why 2025 is the perfect year to act, how to buy a rental property, and the common mistakes to avoid along the way

Why 2025 is a Great Year to Take Action


This year is shaping up to be a golden opportunity in the real estate market. Experts predict:


● Interest rates will drop: After a few years of rising rates, relief is on the horizon. Lower rates mean more affordable mortgages.


● Home prices are expected to rise: As demand increases, waiting too long could mean paying more for the same property.


The key to benefiting from these trends is planning early. Whether you’re buying your first home, expanding your real estate portfolio, or downsizing for retirement, preparation is everything.

How to Buy a Rental Property


Investing in rental properties is a fantastic way to build wealth, but the process can seem daunting. Here’s a simplified breakdown:


1. Research the Market


Identify areas with strong rental demand and potential for growth. Consider factors like job markets, population growth, and rental vacancy rates.


2. Get Pre-Approved


Securing financing for an investment property often requires a larger down payment and a solid credit score. Pre-approval helps clarify your budget.


3. Calculate ROI


Use tools to estimate rental income, property expenses, and potential appreciation to ensure the investment is worth your time and money.


4. Choose the Right Property


Look for properties that are move-in ready or need minor renovations to increase their value.



5. Close and Prepare for Tenants


Work with property managers or handle tenant applications yourself to start generating income.

Common Pitfalls to Avoid


Many people make avoidable mistakes that slow down or derail their real estate goals. Here are a few to watch out for:


1. Waiting Too Long to Start


The perfect time to act rarely exists. Delaying your plans could mean missing out on favorable interest rates or rising property values.


2. Skipping Pre-Approval


Shopping for homes without knowing your budget can lead to frustration or missed opportunities. Pre-approval provides clarity and confidence.


3. Underestimating Costs



From closing costs to unexpected repairs, real estate involves more than just the purchase price. Plan for these expenses upfront.


4. Going It Alone


Trying to navigate the financing and buying process without expert guidance often results in unnecessary stress or costly errors. A mortgage expert like me can streamline the process.

Why the Path Isn’t Always a Straight Line


Life happens, and real estate goals don’t always follow a linear timeline. Perhaps you need to save more for a down payment, or the perfect property doesn’t show up right away. That’s okay! The important thing is to stay consistent and seek support when you need it. As your mortgage expert, I’m here to keep you motivated, adjust plans as needed, and remind you that progress is progress, no matter how small.

Make 2025 the Year You Take Control


Don’t let market changes pass you by. Whether you’re looking for advice on your current mortgage or exploring new opportunities, we’re here to help. Contact us to schedule a consultation and take the first step toward achieving your financial goals.


Don’t let the ups and downs of life discourage you from achieving your real estate dreams. With rates set to drop and the market poised for growth, there’s never been a better time to plan your next move.


Whether you’re buying your first home, adding an investment property to your portfolio, or figuring out your housing plans for retirement, I’m here to help.


Let’s create a plan together. Reach out at 780-370-1490 or barb@barbpinsent.com to get started. Your 2025 success story starts now!

You Missed the Best Time to Buy—Now What?

By Barb PInsent • March 7, 2025
Let’s be real—2020 was a great time to buy a home. Prices were lower, and mortgage rates were sitting at 2.84% . But if you didn’t buy then, you’re not alone. Many people hesitated, waiting for the “perfect” time to enter the market. Now, home prices are higher, rates have fluctuated, and some buyers are still waiting. But here’s the truth: there is no perfect time to buy—only the right time for you. Barbara Corcoran @barbaracorcoran puts it:

Lower Rate with Higher Penalty OR Higher Rate with Lower Penalty?

By Barb PInsent • February 19, 2025
When choosing a mortgage, many borrowers focus on getting the lowest interest rate. But what happens if life throws a curveball and you need to break your mortgage early? The penalty for breaking a mortgage can be significant—sometimes wiping out any savings you gained from a lower rate. That’s why it’s important to weigh your options carefully.

Are Mortgage Rates Going to Drop in 2025? How U.S. Tariffs Could Impact You

By Barb PInsent • February 7, 2025
Is the Economy Going to Crash? What Canadian Homebuyers Need to Know

Capital Gains Tax Rules: Are They Changing?

By Barb PInsent • January 21, 2025
With all the uncertainty surrounding Canada’s proposed capital gains tax changes, many property owners are asking, "Do I have to pay capital gains if I sell my house?" or "Should I sell my investment property before the tax rules change?" In June 2024 , the federal government proposed increasing the capital gains inclusion rate —the portion of capital gains that is taxable. This change could significantly impact investors and property owners selling secondary residences, rental properties, or cottages. But here’s the challenge: the rules haven’t been finalized yet. As Jamie Golombek explains in a recent Financial Post article , “Uncertainty remains as to what the final capital gains tax rules will look like, or even if they will be implemented at all.” Despite this uncertainty, the Canada Revenue Agency (CRA) has announced it will proceed with collecting taxes based on the proposed higher inclusion rate until a final decision is made. This means that even if you sell now, you could still face a larger tax bill. If the rules are later changed or rejected, the CRA may adjust tax filings—but in the meantime, selling could cost you more than you expect. The good news? Selling isn’t your only option. If you need access to cash or want to better manage your finances, refinancing or exploring alternative lending solutions could provide the flexibility you need—without triggering a large tax bill.

Bank of Canada Cuts Rates by 50 Basis Points: What It Means for Your Mortgage

By Barb PInsent • December 19, 2024
The Bank of Canada recently made headlines by cutting its benchmark interest rate by 50 basis points, a move aimed at providing relief to borrowers and stimulating economic growth. This rate cut—the second in recent months—is a game-changer for homeowners and prospective buyers alike. As your trusted mortgage broker, we’re here to break down what this means for you and how it could impact your financial decisions.

Understanding 30-Year Amortizations: What Mortgage Brokers and Clients Need to Know

By Barb PInsent • December 5, 2024
When it comes to financing a home, amortization is a key term mortgage brokers often discuss with their clients. While shorter amortization periods are common in Canada, the concept of a 30-year amortization has gained traction among some buyers and brokers. This blog dives into what it is, its benefits, its drawbacks, and when it might make sense for you or your clients.

US Election 2024: Why It Matters for Canadian Mortgages Rates

By Barb PInsent • November 19, 2024
The U.S. election season often impacts the Canadian economy, especially interest rates. Here’s what you need to know about recent developments and predictions for Canadian mortgage rates.

Buying a Home in Canada: A Guide for Newcomers

By Barb PInsent • October 21, 2024
Moving to a new country is a big step, and finding a place to call your own can make settling in even more rewarding. For newcomers to Canada, the journey of purchasing a home can feel both exciting and overwhelming. This guide is here to help you navigate the process of buying a home in Canada, providing a clear roadmap and essential tips to make your homeownership dreams a reality.

How To Keep Track Of All The New Mortgage Rules

By Barb PInsent • October 3, 2024
Over the past few months, the Canadian government has introduced significant changes to mortgage rules, aiming to make homeownership more accessible. These changes, set to take effect on December 15, 2024, address pain points in the existing system and offer potential solutions for homebuyers, especially first-timers and those seeking new builds.

2025 Reality Check: It’s not good

By Barb PInsent • August 21, 2024
The Canadian real estate market is on the cusp of a significant shift. As we approach 2025, homeowners, especially investors and those with second homes purchased during the COVID-19 pandemic, face a challenging reality. Rising interest rates are set to dramatically increase mortgage payments, potentially making those once-affordable properties a financial burden.
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