Fara Ghafari, 88 West Realty
Fara Ghafari is a licensed real estate agent as well as a REALTOR® in CREA and an expert in rental and for-sale properties at 88 West Realty.
Fara Ghafari is a licensed real estate agent as well as a REALTOR® in CREA and an expert in rental and for-sale properties at 88 West Realty.
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How to get a mortgage in Canada: From application to closing
Getting a mortgage in Canada involves several steps, including organizing your credit, determining affordability, choosing the mortgage type, comparing lenders, and applying for pre-approval. Key factors include your credit score, which should ideally be 680 or higher, and your yearly income, which varies by location. The process can take from 24 hours to 10 business […]
Will Canada’s Housing Recovery Stick?
CREA now expects a slower-than-hoped recovery, revising its 2025 forecast to 473,093 sales, a 1.1% drop from 2024 due to buyer caution amid tariffs and economic uncertainty. National average prices are projected to dip 1.4% to ~$676,700 in 2025, with BC and Ontario declines outweighing 4%–8% gains in most other provinces. Activity has been gradually […]
What You Need to Know Before Investing in Private Mortgages
Private mortgages have become more accessible, catering to borrowers who don't qualify for traditional loans. These short-term loans, provided by private lenders, offer flexibility and a simplified approval process, often with higher interest rates. Investors can participate in private mortgages through whole mortgage programs or Mortgage Investment Corporations (MICs), which provide diversified portfolios. These investments […]
Getting Pre-Approved for a Mortgage
To increase your chances of successfully buying a home in Canada, it's essential to get pre-approved for a mortgage. This process confirms your eligibility for a loan based on your financial documentation, helping you understand your budget and potentially lock in an interest rate. Pre-approval requires proof of income, assets, identification, and information about debts. […]