Welcoming the spring housing market

Welcoming the spring housing market

Winter is finally over, and the spring real estate market is upon us. Demand for housing is still strong, and fears of a bubble seem to be old news now. As mentioned in CMHC’s recent National Housing Outlook: Overall, despite the uncertainty surrounding recent oil...
10 mortgage terms every homebuyer should know

10 mortgage terms every homebuyer should know

Taking out a mortgage with your bank can be intimidating, what with all the numbers and lingo your mortgage agent throws at you. At Mortgage Design Group, we try to change that by meeting with you one on one to discuss every option available and making sure you...
2 differences between banks and mortgage brokers

2 differences between banks and mortgage brokers

Canadians are discovering that there are 2 big differences between the big banks and a mortgage broker. 1. Banks offer only their own products. A bank can offer only their individual products and with no clear definition on what the best discount and mortgage offering...
6 reasons not to sign your mortgage renewal notice

6 reasons not to sign your mortgage renewal notice

Did you recently receive a notice from your lending institution reminding you that it’s time to renew your mortgage? No matter how good the offer looks, don’t just sign it and send it back. Bring it in to us, and we’ll see if we can find you a better deal. On the...
Saving at the gas pump can affect your mortgage

Saving at the gas pump can affect your mortgage

The Bank of Canada announced last week that it’s cutting its key overnight lending rate by a quarter of a percentage point because of plunging oil prices. A combination of high supply and low demand—particularly outside of the US—has caused the low oil prices. While...