Applying for a credit card: What you need to know + MORE Oct 29th

Mortgages in Canada can be a murky subject – one that we hope to shed some light on with a series of highly informational articles.
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It’s Financial Literacy Month Nov 10th

We’re celebrating Financial Literacy Month! Join Senior Economist, Ted Tsiakopoulos and Mortgage Broker, Steve Garganis Thursday, Nov 12, 2020, at 1:00 PM Eastern Time for a chat about budgets, savings, debt, and more. N Register Now: https://buff.ly/3lhmUl3 Hot Topics: I.... More »
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Should you get a fixed-rate or variable mortgage? In these strange times, fixed has a rare edge Nov 23rd

With rates this low, the usual advantages of renewing with a variable mortgage are diminished or gone, writes David Aston..... More »

Latest in Mortgage News: Toronto and Vancouver Home Sales Up 25+% in October Nov 7th

The postponed spring housing market has now extended its run well into the fall, with home sales in Toronto and Vancouver up 25% and 29%, respectfully, compared to a year ago. The high demand is continuing to put pressure on prices as well. The average selling price for all home types in Toronto ros.... More »

“Should we refinance our mortgage?” Nov 19th

Q. We’re thinking about breaking our existing home mortgage to take advantage of the low interest rates we’re seeing now, and would appreciate some guidance. This is our scenario: Mortgage principal: $572,000 Weekly payments: $746.00 Interest rate: 3.78% fixed and locked in until December  2023.... More »
Mortgage shoppers take note: Cheap money is here to stay, at least for the next two years, the Bank of Canada reaffirmed during its interest rate decision on Wednesday.

Continue Reading On canadianmortgagetrends.com »

The Broker Tech War Just Got Real

– canadianmortgagetrends.com

There’s suddenly an arms race in the mortgage broker tech space. In the last week, we’ve seen no less than three key developments that could change how brokers manage their businesses.

Continue Reading On canadianmortgagetrends.com »

Applying for a credit card: What you need to knowThere are many great reasons to carry a credit card. Beyond the convenience and purchase protection included in credit card purchases, they’re also important financial tools for establishing your credit history and borrowing money—both of which you’ll need if you want to make a major purchase, get a loan or take out a mortgage. “The longer you have a credit account open and in use, the better it is for your score. Your credit score may be lower if you have credit accounts that are relatively new,” reports the Financial Consumer Agency of Canada (FCAC). Applying for a credit card is a financial commitment to be taken seriously, but the process is considerably simpler than applying for a mortgage or a personal loan. If you want to know how to apply for a credit card, and how to find the right card for you, you’ve come to the right place. 
What do you need to apply for a credit card?
Basic application information
Whether you apply online or in person, you’ll need to have the following on hand:

Full legal name
Date of birth
Email address
Canadian home address
In some cases, you might also have to supply data about how long you’ve lived there, plus past addresses…

Continue Reading On moneysense.ca »

Housing And Mortgage Market Insights – Roundtable Discussion

JOIN US TODAY – WEDNESDAY OCTOBER 28 @11:00 am EST

REGISTER NOW

Today Wednesday, October 28th, at 11:00 am EST. I will be joined by Senior Economists, Ted Tsiakopoulos and Real Estate Sales Representative, Janelle Cameron for a round table discussion of Housing and Market Insights. With Journalist Tracy Hanes, moderating we are sure to cover some great questions. 

If you have the time, I highly recommend registering above. 

OUR ROUNDTABLE PARTICIPANTS:

Ted Tsiakopoulos – Senior Economist/Specialist Housing Markets Policy

Ted Tsiakopoulos is a professional economist and sought after speaker with over 25 years of experience analyzing housing and financial markets. Ted has also worked as an investment counsellor on Bay Street. His analytical toolkit includes experience with both fundamental and technical analysis. Over his professional career, his commentary and research has been widely quoted across major media outlets such as Money Magazine, BNN, CTV and CBC…

Continue Reading On canadamortgagenews.ca »

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