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, […]
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.
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 […]
November 15, 2018
Those of you who know me well, know that I shy away from making predictions on interest rates. There are simply too many factors at […]
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 […]
November 9, 2017
That depends. Over the past 7 years, there were many indications that variable rates will go up and many pressures on those with variable rates […]
October 18, 2017
When the Prime rate went up by 0.5%, my feelings were mixed… Yes, my variable rate mortgage payments went up and I wasn’t happy about it, […]
September 22, 2017
If you are considering a refinance for any reason – to consolidate your debt, pay for your kids’ education, renovate your home or buy an investment […]
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 […]
December 4, 2015
Over the course of the last decade or so, the percentage of private mortgages within my portfolio grew from some 5% to an astonishing 30%… There […]