Is the Gov’t Stalling on Your Tax Return? Here’s How I Handled it! + MORE Sep 28th

Learn more about Canadian mortgage rates, rules and the latest news – read on!
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What’s the TRUE Impact of Policy Changes on the Canadian Mortgage Market? Dec 15th

It’s certainly not what the Bank of Canada (BoC) is claiming! The BoC recently released a document detailing what it believes to be a positive report on the Canadian Mortgage Market, but this article clearly shows how out of touch our government is. The BoC is applauding their statistics̷.... More »

Lender Insights from the 2018 National Mortgage Conference Nov 3rd

Mortgage professionals from across Canada descended on Montreal last weekend for the annual National Mortgage Conference. Hosted by Mortgage Professionals Canada, the annual gathering was once again well attended, with about 1,200 participants and 60+ exhibitors at the Exhibitor Expo. The two-day ev.... More »

From Mortgage Broker to Mayor Dec 12th

Saying that 43-year old mortgage broker Corinna Smith-Gatcke leads a busy life would be an understatement. She’s a wife, mother of two 9- and 12-year-old boys, one of Mortgage Advisor’s most successful agents with 110 closed transactions last year and three offices in Brockville, Kingston and Ke.... More »
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Bank of Canada Raises Overnight Rate to 1.75%; Cites New Trade Policy and Growing Economy Oct 25th

Bank of Canada Governor Stephen Poloz at a press conference following an interest rate announcement in April.  After months of speculation, indeed, the Bank of Canada decided to raise its benchmark interest rate by 25 basis points this morning. This quarter-point hike brings the target for the ov.... More »

CMHC’s Evan Siddall Addresses B-20 at National Mortgage Conference Oct 31st

In what must have felt like walking into the lion’s den, CMHC head Evan Siddall addressed concerns about recent regulatory changes in front of a crowd of over 1,000 mortgage professionals on Monday. Siddall attended Mortgage Professionals Canada’s annual conference in Montreal, answering questio.... More »

Bridging the Gap Between MICs and Brokers


They’ve been around since the early 70s, but for many—the public and brokers alike—Mortgage Investment Corporations remain relatively unknown. But work is underway to change that. There’s no denying Mortgage Investment Corporations, or MICs, have come a long way since their inception by the federal government in 1973 through the Residential Mortgage Financing Act. And […]

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Your Doctor Uses a Mortgage Broker!


Your Doctor Uses a Mortgage Broker!
Would it surprise you to learn that your doctor uses a mortgage broker? Well, it’s true – doctors use mortgage brokers all the time.
In fact, I personally have an extensive list of medical professionals as clients, including family doctors, specialists, dentists, veterinarians… and the list goes on.
So, why would these high-income earners use a mortgage broker?
The answer is simple. They want to get, not only the best rate, but also the best advice. They’re seeking market neutral advice from someone who doesn’t work for a single financial institution. They want someone who can guide them into the most appropriate mortgage product that will keep the greatest amount of money in their pockets!
This is something that only a mortgage broker can do. No banker can offer products from other financial institutions. Your doctor can easily qualify for a mortgage in most circumstances, but not all the time. It’s not just about qualifying for a mortgage – it’s also about ensuring that they’re being matched with the right mortgage product to fit their unique needs…

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Is the Gov’t Stalling on Your Tax Return? Here’s How I Handled it!
Did you file your 2017 taxes on time, yet your NOA is MIA? If so, you’re not alone!
I’ve had this happen with a few of my clients… as well as with my own tax return! That’s right! My accountant filed my personal tax return in April… and for months, I didn’t receive my NOA. Every time I called the Canada Revenue Agency (CRA), they either told me it was coming, they were working on it, or they reminded me they have up to four months to complete the return (FOUR MONTHS!?)!
Well, four months passed… and still nothing!
I begged CRA to complete my return because I needed it for mortgage financing purposes. But, of course, I got the standard answer that they can’t push mine ahead of others. GRRRR!
And we all know that, in 2018, if you don’t have proof that you’ve filed your latest tax return, you won’t get a mortgage. That’s our reality!
There are many business owners in this predicament!
I did some research and spoke with other accounting professionals for advice…

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U.S. Federal Reserve Chair Jerome Powell says the strong U.S. economy needs more rate hikes, but in explaining why, he unintentionally offered a warning for Canadians with big mortgages.

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