I have a home equity line of credit and rates are heading up fast. Am I in trouble? + MORE Apr 19th

Canadian housing mortgage rates are all over the map. Don’t get trapped in an unnecessarily costly mortgage agreement.
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The latest in mortgage news: BoC rate hike expectations grow May 13th

The Big 6 banks have raised their expectations for Bank of Canada rate hikes, with most expecting another 125 to 150 basis points in tightening by the end of the year..... More »
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The complete guide for first-time home buyers in Canada + MORE Apr 22nd

Buying your first home is an exciting experience, but it can also be an overwhelming one—especially if you’re not sure where to start. That’s why we’ve outlined some simple steps that anyone shopping for a home should take, from figuring out what you can actually afford to getting pre-approv.... More »

How to take advantage of the first home savings account + MORE May 10th

In April, in response to Canada’s white-hot housing market, the federal government introduced the tax-free first home savings account (FHSA). The FHSA is a new kind of registered account aimed at easing the path of first-time home buyers to securing a mortgage at a time when average Canadian home .... More »
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Mortgage or retirement savings? Where to get the most bang for your extra bucks + MORE May 4th

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info. Mortgage or retirement savings? Where to get the most bang for your extra bucks - thestar.comContinue Reading On thestar.com » The L.... More »

Should you buy or sell first in today’s real estate market? May 1st

We’re in the market for a new home, but we aren’t sure whether we should sell our home first or buy first. We’ve had people suggest both, and we’re wondering what might be best in the current real estate market. Should you buy or sell first in real estate?  Whether you should buy .... More »

Four Tips to Speed up Your Underwriting Process

– canadianmortgagetrends.com

For many Canadian Mortgage professionals, underwriting a deal is just part of the job. It’s done so often, it can feel methodical and automatic.

Continue Reading On canadianmortgagetrends.com »

The Bank of Canada’s April 13 interest rate hike of 0.5%—the biggest one-time rate jump in decades—caught many variable-rate mortgage holders off guard. Some are likely thinking about running to their local bank branch or mortgage specialist to lock into a standard five-year fixed rate. Those who do so will likely be welcomed into the lion’s den by employees with open arms, wide grins and reassuring sales pitches bestowing the benefits of peace of mind and comfort. 

Stop! Yes, banks’ prime lending rate has increased from 2.4% to 3.2% with the first two benchmark rate increases this year. And yes, we will most likely see another Bank of Canada rate increase come June, and it could push the prime rate further, possibly to 3.7%. This all seems uncontrollable, unmanageable—and it will cause many to panic. 

You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quoteI’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense…

Continue Reading On moneysense.ca »

I have a home equity line of credit and rates are heading up fast. Am I in trouble?If rates keep rising, your monthly interest payments could almost double. But there are some things you can do to protect yourself.

Continue Reading On thestar.com »

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