We begin March with a much longer read, but hold on tight… it’s important and mostly good news! After a long ‘protest’ and waiting time, policy-makers are finally righting a wrong in the mortgage market! As of the 6th April, Canadians applying for default-insured mortgages will no longer have to go through the infamous “stress test.”…
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…
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…
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…
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…
This week, we take a break from guest bloggers who have given excellent insight and shared great stories, to focus on more pertinent issues related to the current real estate market and economy. Most, if not all of the mortgage economy is based on interest rates, and this is what this week’s focus is going…
Wrapping up the end of the summer this week with yet another inspiring guest blog! This time, it’s Chris van Kasteren from London, ON. Growing up in a family of 6 in a local Lucan, ON farm, he was raised to treat future clients like family and keep a strong work ethic. ———– I grew…
This week, we have a new and special guest blogger! Please welcome Terrie Schauer. She is a real estate investor and property manager with has a passion for residential rental properties. She’s been working to make small- and medium sized investment properties profitable for twenty years, in Canada’s major markets (Toronto, Vancouver and now Montreal)…
In last Wednesday’s blog, we took a look at some of the factors that made the real estate market in Canada a difficult one to enjoy, and couldn’t put the blame on one thing in particular. It was not a particularly positive update to share, but at least things were made more sense of. This…
It’s almost the middle of 2019, the stress test is still affecting many of the younger generation who haven’t bought a home before, and affordability is decreasing by the month in major Canadian cities; but everything is still doable if you do it right! Start accepting help from the family, or outside. In Ontario, housing…
