Variable Rate Update

Variable Rate Update

First of all, a very merry Christmas...and all the best for 2023. This has been a tough year with severe rate hikes for those of you in a variable or adjustable rate mortgage. Rate hikes are the only tool the Bank of Canada has to bring inflation down to its 2% target...

read more
A New Normal?

A New Normal?

The past 24 months have been exhausting for me as a mortgage broker. I imagine realtors feel the same way. A lot of real estates has changed hands, and prices have gone crazy. Most sales were multiple offers, and selling prices were well over asking. This was...

read more
Pre-qualification vs Pre- approval

Pre-qualification vs Pre- approval

People often get confused between pre-approval, pre-qualification, and approval.  In this article, we will explore the differences between these three things. Pre-Approval: A pre-approval is simply a rate hold.  This is the confusing part for most people, as the term...

read more

What should you know before investing in a condo?

A condo is a short form of a Condominium residence. Buying a Condo is different from buying a house. There are some restrictions and regulations when it comes to condominiums. You may have heard that some people have mortgage issues when they apply for Condo...

read more

Products of note for Ontario Home-buyers

In Ontario and across Canada, home-buyers that meet the lending guidelines can purchase a home with only 5% down. This is not limited to first time home buyers. There are restrictions. If the purchase price is over $500,000.00 they will need 5% of the first...

read more

Spring Cleaning To Do List

Spring has officially sprung, so it’s time to start thinking about spring cleaning! But what areas of our home should we target? What chores should make the cut? Let’s narrow down a few of the important ones to tackle this spring! Clean under the fridge and stove: ...

read more

Canadian Housing Market Showing Signs of “Cooling”?

Real Estate professionals have stated they are already seeing a “cool off” in recent weeks in the Canadian housing market. What’s the reason for this sudden change?In an effort to tame inflation, central banks across the world have indicated that they intend to hike...

read more