Mortgage Rule Transformations Since 2008 Embarking on the pathway to homeownership has always been a significant life milestone and, for Canadians, navigating the twists and turns of the mortgage landscape is an integral part of this  journey. Over the years, the rules and regulations governing mortgages have undergone a profound transformation, responding to the shifting tides […]

Low Rates, High Stakes: Understanding the Why Behind Massive Penalties in Your Future. In today’s ever-changing economic landscape, the environment for mortgage rates is akin to a roller coaster ride. The recent dip in bond yields has led to a decrease in fixed rates, making it an interesting time for those navigating the real estate […]

Mortgage Applications: How Lenders Review and Calculate Your Income Navigating the complex world of mortgage applications can be an intimidating journey for anyone. Whether you are a first-time homebuyer, renewing your mortgage, or exploring options for investments or refinancing, understanding how lenders assess and calculate your income is pivotal. As a Mortgage Broker with access […]

Is Investing in 2023 a Risk Worth Taking? The real estate market in 2023 has undergone significant changes, primarily due to the rapid surge in interest rates. Just a few years ago, we were quoting insured rates as low as 1.30%, but today, interest rates are hovering around 5.54% or even higher, depending on lenders […]

          June’s CPI (Consumer Price Index) report is out and inflation is headed in the right direction! First, the GOOD news: Headline inflation came in at 2.8%, lower than the expected 3% Now for the not so good news: Energy prices are moving higher this month The 3 month core inflation […]

INFLATION RELIEF? A Summary of the June 27, 2023 Report The most recent Consumer Price Index (CPI) report came out today (June 27). This report is important as the Bank of Canada is closely monitoring the rate of inflation and uses, in part, these figures when determining whether to increase or hold their overnight lending […]

June 07, 2023 Bank of Canada – Will They Continue to Raise Rates?   All Canadian mortgage holders have been holding our collective breaths during each of the Bank of Canada’s interest rate announcements. The BOC has made it clear today that we are not out of the woods yet. With a 0.25% increase to […]

  Another month has FLOWN by – time for another mortgage market update! April 06: The Employment Report for the previous month was released. Employment remained strong and (most troubling to the Bank of Canada), was that wage inflation also remained strong. Keep in mind that the jobs market is a lagging indicator and so […]

The Life of a Deposit – From Realtor to Closing Buying a property can be overwhelming. Knowing who does what, where your money goes and all the ins and outs will provide you with some peace of mind when it comes to your deposit. Typically, when purchasing you are required to put a deposit down. […]

5 Tips to Get Pre-Approved for a Higher Loan Amount Getting pre-approved is a crucial first step when buying a home. It tells you how much you can spend on a home between your down payment and the approved loan amount. Sometimes, though, the pre-approval amount is lower than what you expect, throwing a wrench […]