Buying A Home, The 30,000 Foot View

Buying A Home, The 30,000 Foot View

Did you know that the average Canadian will spend roughly 11 months actively engaged in the house buying process? However, most of the dreaming (and preparation) happens before then. Buying a home is a big deal, and it's a decision that shouldn't be taken lightly....

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Top Dollar: How High Can You Go?

Top Dollar: How High Can You Go?

Affordability is a major concern for today’s aspiring first-time homebuyers. In hot real estate markets like the Greater Toronto and Greater Vancouver regions, however, the desire for affordability can be challenged by the competitive fervour caused by escalating...

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I’ve Never Heard of That Lender Before?

I’ve Never Heard of That Lender Before?

One of the benefits of working with an independent mortgage professional; compared to getting your mortgage through a single institution, is choice. And as there are even more mortgage rules coming into place January 1st 2018, (read about them here) now more than...

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Reasons You Might Need an Emergency Fund

Reasons You Might Need an Emergency Fund

You’ve heard the horror stories: basement floods gone wrong, cars that randomly stop running, or a pal suddenly losing their job. Perhaps you’re the type of person who thinks “that will never happen to me!” when hearing one of these stories, but the cold reality is...

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How Does Your Credit Score Hold Up?

How Does Your Credit Score Hold Up?

In an article released by the Canadian Mortgage and Housing Corporation (CMHC), it appears that those people who have a mortgage tend to be a little more credit worthy compared to those who don't. It also points out that credit scores are quite steady across Canada. ...

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Think Housing is Your Biggest Expense? Think Again!

Oftentimes people assume that housing is our single biggest expense, and although that was true in 1961, times have changed! According to research done by the Fraser Institute, last year the average Canadian family spent more on taxes than housing, food, and clothing...

Bank of Canada Rate Announcement Oct 25th, 2017

The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Inflation has picked up in recent months, as anticipated in the Bank’s July Monetary Policy...

I’ve Never Heard of That Lender Before?

One of the benefits of working with an independent mortgage professional; compared to getting your mortgage through a single institution, is choice. And as there are even more mortgage rules coming into place January 1st 2018, (read about them here) now more than...

What you Need to Know About the Latest Mortgage Rule Changes

If you've tuned into the news today, you've probably heard that there are new mortgage rules coming into effect on January 1st. 2018. Over the next week you'll most likely hear a lot of commentary on whether these rules are good, bad, necessary, or unnecessary. And no...

Payment Frequency, Does it Really Make a Difference?

It has been said that there are two certainties in life; death and taxes. Well, as it relates to your mortgage, the single certainty is that you will pay back what you borrowed, plus interest. However, how you make your mortgage payments, the payment frequency, is...

Reasons You Might Need an Emergency Fund

You’ve heard the horror stories: basement floods gone wrong, cars that randomly stop running, or a pal suddenly losing their job. Perhaps you’re the type of person who thinks “that will never happen to me!” when hearing one of these stories, but the cold reality is...