Canada’s mortgage market finished the last decade in quite the way! From the plunge in interest rates, to the late-year surge in mortgage growth to the growing influence of online discount mortgage lenders, it was a year of milestones. This year will probably have its own twists. But what do experts think might happen? Here…
Looking for a new home is not easy. Getting the money for it is even harder. The process to getting that money is long; and difficult. That’s why most first-time homebuyers need a bit of help to find their new space. A real estate agent can help with the easier part; and that’s where we…
Hello again, everyone! We hope your new decade has been off to a great start. To wrap up January, we thought we’d go back to some of the basics of what we really do and remind you of the types of mortgages that are around! The homebuying process is far from simple, in part because…
In Canada, you need a minimum of 5% as a down payment when you purchase a home under $500,000. That means that on a home costing $500,000, you’d need at least $25,000 down. It’s not little! But between paying for rent and the cost of living, it can feel extremely difficult to save up that…
The mortgage acquisition process for a new home is far from easy; even from the very first step. Many homebuyers simply don’t know what’s best for them, and whether they’ll even make it through the first phase, nevermind receive the loan. More often than not, mortgage brokers like us are there to help, but we…
This shorter read this week basically brings up the latest news in the national real estate market for October. On our social media feeds, we tend to share monthly reports solely for Ottawa, but that is not the case here! In a real estate market where Vancouver and especially Toronto are so dominant and expensive,…
To begin with, what does it all mean? Refinancing a mortgage means paying off an existing loan and replacing it with a new one. There are many reasons why homeowners refinance: 1) to obtain a lower interest rate 2) to shorten the term of their mortgage 3) to convert from a variable-rate mortgage to a fixed-rate mortgage…
It has now been three years since the stress test was implemented in Canada, which made it harder for first-time homebuyers to land the homes of their dreams. What this has now brought is a potential plan for a registry for private mortgage lenders that could shed light on a corner of the market that…
Just like almost every industry going into the new decade, things are changing a lot. It may be because of the economy, technology, or politics. This also includes the national and global real estate market. We are fortunate to have gathered information from PwC and the Canadian Press. New research has suggested the real estate…
As we may have all realized by now, Canada’s real estate market is a never ending discussion because of changes taking place and its financial unpredictability. There is the constant worry that prices will keep going up, and less and less families will be able to afford homes. This week, it’s a shorter read, but…
