Nov 3, 2022 | First Time Homebuyers, Home ownership, Interest rates, Mortgage Brokers, Mortgage Pre-Approvals, Mortgage Refinancing, Mortgages
Buying a home is often a great experience, and very exciting, but to many Canadians, it might not be something they are all familiar with. It’s no wonder our clients have so many great questions about mortgages, but there are a few that come up a little more often....
Sep 5, 2022 | Mortgage Brokers, Mortgage Pre-Approvals, Mortgages
It feels like it’s impossible to ignore the price increases on food, fuel, and other important purchases in your life. With the climbing increase of inflation, many feel that it is tough enough to support their homes vs. thinking about a mortgage. Of course, when...
Jul 5, 2022 | Budgeting, First Time Homebuyers, Housing market, Mortgage Pre-Approvals, Mortgages
Housing is a major concern for any government, but particularly in Canada, where in some cities, we have some of the highest house prices in the world. Not only does this make buying a home a much more difficult goal for many ordinary Canadians, but it also creates a...
Jun 3, 2022 | Mortgage Refinancing, Mortgages
Recently, the Bank of Canada’s policy interest rate, also known as the overnight rate, has increased another 0.5%. This means that the Prime Rate of Canada has also increased, affecting credit cards, HELOCs, variable-rate mortgages, and auto loans. Most financial...
May 3, 2022 | Mortgage Brokers, Mortgage Refinancing, Variable Rate Mortgages
Like many other countries, Canada kept interest rates low and avoided increases during the pandemic. However, now that we’re moving towards a post-pandemic economy, those frozen rates are likely to start going up, and thanks to various problems around the world,...
Apr 29, 2022 | Interest rates, Mortgage Brokers, Mortgage Pre-Approvals, Mortgages
When you’re shopping for mortgages, there’s a good chance you spend a fair amount of time looking at options. You might contact a variety of banks, credit unions, and finance companies. However, unless you’re talking to mortgage brokers too, you might be missing out...