An Introduction to “Smart” Technology | Smart Home Series

Diane Buchanan • April 1, 2016

Welcome to the introduction article of a 3 part series focusing on smart technology with a focus on smart homes. Expect part 2 in a week and part 3 a week after that. 3 parts, 3 weeks, simple as that.

We all need some sort of “down time” in our lives; time to unwind and reflect. And though most of us are required to put in a hard day’s work, when the clock signals the end of the work day, the vast majority of us are looking for any and all ways to work less, think less, and relax more. Enter “smart” technology; that which is designed to do much of the working and thinking for us, so that we don’t have to spend our valuable personal time trudging through unnecessary exertion hoops.

The term “smart” has popped up in a few different places over the last number of years. Let’s look, very briefly, at four such examples:

The “Smart” Phone

Perhaps the greatest innovation of the last thirty years, these handheld devices have completely transformed the way that our world communicates, shrinking our once endless land and seascape into a global playground. Not to mention, they’re great for browsing Instagram, Facebook, or Pinterest. What’s crazy is the kids of the future will never know life without one!

The “Smart” Car

Not to be confused with the (tiny) vehicle of the same name, smart car technology has progressed rather slowly. Yes, many current models include such features as: voice activated climate control, touch screen GPS, park assist, and backing cameras, but it’s been less “Back To The Future” style advancements, and more gimmicky overpriced gadgets. Truthfully, we’re all still waiting for the electric/self-driving Google or Apple car, both of which may or may not be very far off.

“Smart” Internet Monitoring Technology

Yes, internet monitoring is a big topic (too big for this post), but if you want to talk about “smart” then look no further than the tracking/analytics programs utilized by any and all of the top online brass. Ever wonder how targeted ads show up on your Facebook wall? Well, to put it in layman’s terms, your computer is learning (or perhaps more aptly, people inside of your computer are tracking you). Is this incredibly convenient, or is this incredibly terrifying? Most definitely, both. There is no doubt that Amazon knows more about you than you do!

The “Smart” Television

Smart TV’s are essentially a hybrid of television and computer/internet technology. So, in addition to spending hours channel surfing, you can stream content “on demand”, you can go down the YouTube rabbit trail, or you can binge on the latest Netflix offering. So there’s that.

Enter the most recent trend on the “smart” block:

The “Smart” Home

It should be mentioned, at this point, that when we say “smart” home, we’re not talking about artificial intelligence (although this sort of Terminator style technology is, no doubt, being developed within the hallowed halls of Google, Apple and Samsung). Rather, what we’re talking about is automation. We’re talking about a home that’s wired to respond to your commands through various means, including simple voice controls, as well as easily downloaded applications (the second of which will be our main focus, here).

The end result?

*Advanced security/ease of mind

*Energy savings,

*Convenience

*Fun!

Advanced Security/Ease of Mind

Home automation allows for doors and windows to be locked remotely. It allows for security systems to be activated from outside the home. And it allows for “up to the minute” monitoring from any connected device. These functions (and more) help to provide ease of mind to the consumer.

Energy Savings

How often have you left your home, only to get twenty minutes down the road before thinking, “Did I leave the hall lights on?” In a previous age, you would either turn around, making a thirty minute trip into a seventy-five minute trip, or continue on, trying to forget about the possibility that you left the lights on, or the heater, or the television, or the coffee maker. With smart home technology however, this worry is needless; an artifact from the not so distant past. Control all of your lights, dimmers, switches, appliances and amenities with the simplicity of the touch screen on your smart phone. It’s truly that easy.

Convenience

All of this is downright convenient! Need proof? See the above paragraph.

Fun!

This technology is also fun! Who wouldn’t want to be able to control their home remotely, with the touch of a digital button?! The future is here, people!

We’ll get into some of the wildly interesting, room by room specifics in the next blog post. For now, keep in mind that: first comes home ownership, then comes home customizing! So, if you’re considering the purchase of a new (or a new to you) home, contact me anytime!

Let me walk you through the process with you. You won’t be disappointed!

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DIANE BUCHANAN
Mortgage Broker

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How to Get a Mortgage for a Second Property

By Diane Buchanan • April 15, 2026

Thinking About Buying a Second Property? Here’s What to Know Buying a second property is an exciting milestone—but it’s also a big financial decision that deserves thoughtful planning. Whether you're dreaming of a vacation retreat, building a rental portfolio, or looking to support a family member with a place to live, there are plenty of reasons to consider a second home. But before you jump in, it's important to understand the strategy and steps involved. Start with “Why” The best place to begin? Clarify your motivation. Ask yourself: Why do I want to buy a second property? What role will it play in my life or finances? How does this fit into my long-term goals? Whether your focus is lifestyle, income, or legacy planning, knowing your “why” will help you make smarter decisions from the start. Talk to a Mortgage Expert Early Once you’ve nailed down your goals, the next step is to sit down with an independent mortgage professional. Why? Because buying a second property isn't quite the same as buying your first. Even if you’ve qualified before, financing a second home has unique considerations—especially when it comes to down payments, debt ratios, and how lenders assess risk. How Much Do You Need for a Down Payment? Here’s where the purpose of the property really matters: Owner-occupied or family use: You may qualify with as little as 5–10% down, depending on the property and lender. Income property: Expect to put down 20–35%, especially for short-term rentals or if it won’t be occupied by you or a family member. Your down payment amount can be one of the biggest hurdles—but with strategic planning, it’s often manageable. Ways to Fund the Down Payment If you don’t have the full amount in cash, you might be able to tap into your current home’s equity to help fund the purchase. Here are a few ways to do that: ✅ Refinance your existing mortgage to access additional funds ✅ Secure a second mortgage behind your current one ✅ Open a HELOC (Home Equity Line of Credit) ✅ Use a reverse mortgage (in certain age-qualified scenarios) ✅ Take out a new mortgage if your current home is mortgage-free These options depend on your income, credit, home value, and overall financial picture—another reason why having a pro in your corner matters. Second Property Strategy: It’s More Than Just Numbers This purchase should be part of a bigger financial plan—one that balances risk and reward. It’s about: Assessing your full financial health Maximizing your existing assets Minimizing your cost of borrowing Aligning your purchase with your long-term goals Ready to Take the Next Step? There’s no one-size-fits-all answer when it comes to buying a second property. That’s why it helps to talk things through with someone who understands both the big picture and the small details. If you’re ready to explore your options and build a plan to make that second property dream a reality, let’s connect. I’d love to help you take the next step with confidence.

Is Alternative Lending the Right Choice for Your Mortgage Needs?

By Diane Buchanan • April 8, 2026

Alternative Lending in Canada: What It Is and When It Makes Sense Not everyone fits into the traditional lending box—and that’s where alternative mortgage lenders come in. Alternative lending refers to any mortgage solution that falls outside of the typical big bank offerings. These lenders are flexible, creative, and focused on helping Canadians who may not qualify for traditional financing still access the real estate market. Let’s explore when alternative lending might be the right fit for you. 1. You Have Damaged Credit Bad credit doesn’t have to mean your homeownership dreams are over. Many alternative lenders take a big-picture approach . While credit scores matter, they’ll also look at: Stable employment Consistent income Size of your down payment or existing equity If your credit has taken a hit but you can demonstrate strong income and savings—or have a solid explanation for past credit issues— an alternative lender may approve your mortgage when a bank won’t. Pro tip: Use an alternative mortgage as a short-term solution while you rebuild your credit, then refinance into a traditional mortgage with better terms down the line. 2. You're Self-Employed Being your own boss has its perks—but mortgage approval isn’t usually one of them. Traditional lenders require verifiable, consistent income—often two years’ worth. But self-employed Canadians typically write off significant expenses, reducing their declared income. Alternative lenders are more flexible and understanding of self-employed income structures. If your business is profitable and your personal finances are healthy, you may qualify even with lower stated income. Even if interest rates are slightly higher, this option is often worth it—especially when balanced against tax planning and business deductions . 3. You Earn Non-Traditional Income Today’s income sources aren’t always conventional. If you earn through: Airbnb rentals Tips and gratuities Rideshare or delivery apps (like Uber or Uber Eats) Commissions or contracts You might face challenges with traditional lenders. Alternative lenders are often more willing to work with these non-standard income streams , especially if the rest of your mortgage application is strong. Some will consider a shorter income history or evaluate your average earnings in a more flexible way. 4. You Need Expanded Debt-Service Ratios Canada’s mortgage stress test has made it harder for many borrowers to qualify with big banks. Alternative lenders can offer more generous debt-service ratio limits —meaning you might be able to qualify for a larger mortgage or a more suitable home, especially in competitive markets. While traditional GDS/TDS limits typically sit at 35/42 or 39/44 (depending on your credit), some alternative lenders will go higher, especially if: You have a larger down payment Your loan-to-value ratio is lower Your overall financial profile is strong It’s not a free-for-all—but it’s more flexible than bank lending. So, Is Alternative Lending Right for You? Alternative lending is designed to offer solutions when life doesn’t fit the traditional mold . Whether you're rebuilding credit, running your own business, or earning income in new ways, this path could help you get into a home sooner—or keep your current one. And here’s the key: You can only access alternative lenders through the mortgage broker channel . Let’s Explore Your Options Not sure where you fit? That’s okay. Every mortgage story is unique—and I’m here to help you write yours. If you’re curious about alternative mortgage products, want a second opinion, or need help getting approved, let’s talk . I’d be happy to help you explore the best solution for your situation. Reach out anytime. It would be a pleasure to work with you.