Bank of Canada finally raises interest rate

Bank of Canada finally raises interest rate

For the first time in 7 years, the Bank of Canada didn’t announce that they were keeping their overnight rater at 0.5%. Instead, they announced this week a rate increase: to 0.75%. The bank cited economic growth—both domestic and international—for their position...
Considering a reverse mortgage? 3 risks you should know first

Considering a reverse mortgage? 3 risks you should know first

If you’re a homeowner over the age of 55, you may have heard of reverse mortgages. Basically, a reverse mortgage allows you to access a portion of your home’s value to use as cash flow. One of the benefits is that you don’t have to pay any interest of principal back...
Summer is here, but is the market cooling?

Summer is here, but is the market cooling?

As recently reported by the Canadian Real Estate Association, the number of homes sold across Canada via the MLS system fell by 6.2% in May 2017 compared to April 2017. The month-over-month percentage decline was the largest since August 2012. Toronto had the greatest...
The Homebuyer Seminar 2017

The Homebuyer Seminar 2017

We want your family and friends to be as mortgage savvy as you are! If you or someone you know want to learn the secrets of mortgage success, attending our free Home Buyer’s Seminar will get you started. Whether it’s a first home or a dream home, buying a...
10 reasons to use a mortgage broker

10 reasons to use a mortgage broker

Mortgage rates and products are constantly changing, and the Canadian market is more competitive than ever before. By choosing a mortgage broker, you can access all your mortgage options with just one phone call, one application. Your mortgage broker works on your...
Are mortgage regulations fair?

Are mortgage regulations fair?

All levels of government are concerned with the overall health and affordability of the Canadian housing market. The first order of business is to gather input from various industry participants to see how the recent mortgage rule changes have affected first time...

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