November 18, 2024
According to Mortgage Professionals Canada, 23% of Canadian mortgage holders will renew their mortgage within the next year, and 50% will renew within two years. […]
November 18, 2024
The First Home Savings Account (FHSA) is a tax-advantaged savings plan introduced in Canada to help individuals save for their first home. It combines the benefits […]
October 29, 2024
In the ever-evolving landscape of mortgage financing, it’s crucial to understand how external financial factors can influence mortgage rates. One significant factor is the bond market, […]
June 24, 2024
Hello Friends !! The summer is finally here and we hope that you’re enjoying the warm and sunny weather. If you have vacation plans, we wish […]
December 1, 2023
The increase in the Banak of Canada Prime rate over the past 20 months, aimed at tackling rising inflation, has left numerous Canadians cash-strapped until the anticipated lowering of the Prime rate in 2024. So what can be done?
November 25, 2023
Choosing whether to refinance your existing mortgage or getting a second mortgage depends on your financial goals. If your existing mortgage has a good rate and a noticeable time left in its term, you should probably think of keeping it rather than refinancing it and getting a second mortgage instead.
September 19, 2022
The 5 Cs of Credit is a term used to describe the pillars of input that go into determining if a lender will lend you the money. They are Capacity, Capital, Collateral, Credit and Character.
April 28, 2022
When it comes to interest rates, an expression One Cannot See Dollars from the Pennies is frequently true… We pay attention to getting the […]
March 7, 2022
With the prices skyrocketing over the past year, it is very difficult to find a multi-bedroom property for a decent price. That said, if you […]
February 1, 2022
WHILE PRICES HAVE RISEN, YOU CAN STILL INVEST IN REAL ESTATE With skyrocketing prices over the past year, many of those who wanted to get […]
December 29, 2021
Probably not, but it also depends on what keeps you up at night… It’s pretty safe to assume variable rates are going up!! Probably as […]
February 17, 2021
It’s time to revisit your mortgage strategy. Mortgage rates are down, both on the fixed and variable sides. It’s all over social media and the news. […]
September 23, 2020
It is a common knowledge that you need to get yourself pre-approved for a mortgage before starting to look for a home. But what exactly is […]
April 3, 2018
When comparing various financing options, the biggest mistake you can make is to concentrate on the actual nominal rates alone. Instead, you should pay attention […]
March 11, 2018
The new mortgage rules have essentially lowered the qualifying power of mortgage applicants by approximately 20%. Whether you’re buying and need a mortgage, or are simply […]
January 8, 2018
I’ve often said that Toronto is turning into Canada’s Manhattan (especially when talking about the cost of housing!). Our city appears always to be growing […]
April 7, 2017
A well know Toronto scenario: “Our tiny bungalow is now worth $1M dollars! We should sell it!…” Which then begs the question – “Where would we […]
March 12, 2017
On October 3rd the federal government announced a series of regulations that govern the access and limitations of mortgages requiring insurance. The rules were put in […]