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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This millennial left her job to go back to school, but scholarships have left her with no debt. Can she afford a GTA home? Jul 28th
“I do eventually want to buy a home, but the housing market in the GTA is intimidating to say the least, and I’m not so committed to home ownership that I’ll tie myself down to an unmanageable mortgage,” Maggie said..... More »
Home Prices Heat Up Despite High Interest Rates + MORE May 1st
Some weird stuff is happening in the world of real estate. As you likely know, the Bank of Canada has steadily raised interest rates over the past year in hopes of cooling inflation. This was also supposed to cool the housing market. Conventional wisdom dictates that higher rates would result in mor.... More »
CMHC reports further slowing of housing starts with no turnaround in sight Feb 16th
The pace of homebuilding in Canada continues to slow with no near-term signs of a turnaround, said Canada Mortgage and Housing Corp. on Monday..... More »
How mortgage brokers can unlock the power of personal video messages + MORE Apr 1st
It's important to find ways to connect with potential clients and build trust. By recording a video that is tailored to an individual prospect, you can set yourself apart from others and create a memorable experience..... More »
How does credit card debt affect a mortgage application? Apr 7th
If you’re shopping around for a mortgage, you probably already know that lenders ask for a ton of financial information before determining how much you can borrow. That list includes your household income, down payment amount and how much you owe—including credit card debt, car payments and unse.... More »
Reverse mortgages are cheaper than ever. Should you use one to tap into your home’s equity?
– thestar.com
A reverse mortgage allows you to tap into the rising value of your home without selling it, writes David Aston. But watch out for the penalties and fees.Bond Yields and Fixed Rates Falling Further on Coronavirus Fears
– canadianmortgagetrends.com
It was an unusually rough Monday for countless investors as the TSX plunged more than 280 points on fresh coronavirus fears, which in turn is pushing fixed mortgage rates down further. With new outbreaks of the virus reported in Italy, South Korea and Iran, the World Health Organization appears ever closer to declaring the outbreak officially a pandemic. That had investors fleeing stocks and heading towards the safety of bonds, which drove bond yields down to near six-month lows. Bond […]
