How to Pay Off The Mortgage Faster?
May 22nd, 2020
There are several ways you can pay your mortgage off faster and save thousands if not tens of thousands of dollars in interest payments. None of these methods requires that … [read more]
May 22nd, 2020
There are several ways you can pay your mortgage off faster and save thousands if not tens of thousands of dollars in interest payments. None of these methods requires that … [read more]
May 15th, 2020
A survey was conducted on April 6 by TransUnion on the current financial status of 1,035 Canadian adults in the wake of COVID-19. The results released showed that 68% are … [read more]
Comments Off on Does The Option to Refinance Work for Me Today?
May 15th, 2020
With anxiety mounting throughout March as the economic impacts of the COVID-19 pandemic intensified, Canada’s central bank took swift action to slash interest rates at several points during the month. … [read more]
Comments Off on Mortgage Rates will Remain Historically Low for Many Months to Come
May 14th, 2020
How and Why You Should Refinance Your Mortgage? Have you ever wondered what the reasons why so many people refinance their mortgage? Maybe you have heard friends and relatives discussing … [read more]
Comments Off on Mortgage Refinancing Reasons & Explained
May 12th, 2020
For those who are new to the world of investing, finding a property isn’t the hardest part! For many, finding the right type of loan for their real estate investment … [read more]
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May 5th, 2020
Buying a house is the ultimate dream of many people. Nowadays, the choice of property you can own is huge. Many things are put under scrutiny : the location, area, … [read more]
Comments Off on First Step for House-Hunting is to Talk to A Lender
May 1st, 2020
The Bank of Canada (BoC) chose to maintain its overnight lending rate at 0.25% in their April announcement, noting this rate could be considered its “effective lower bound” or that … [read more]
Comments Off on BoC Maintains The Lowest Overnight Rate at 0.25% + New Bond Programs Aimed at Bolstering Economic Recovery
April 28th, 2020
Whether you’re heading to your local bank for a mortgage or you’re going to be signing up for one online, you need some basic information that’s pertinent to the home … [read more]
Comments Off on A Checklist for Mortgage Approval
April 16th, 2020
Since the banks announced that homeowners struggling in the COVID-19 pandemic could defer mortgage payments for up to six months, more than a million Canadians are reported to have tried … [read more]
Comments Off on What You Need to Know About Deferring Mortgage Payments Due to COVID-19?
April 15th, 2020
In an emergency announcement today, Canada’s central bank cut its market-shaping overnight rate by 50 basis points to 0.25 percent in response to the coronavirus pandemic’s dramatic impact on the … [read more]
Comments Off on BoC 3rd Emergency Rate Cut to Battle The COVID-19 Fallout
April 14th, 2020
Clearly, the new historically low interest rates offer many, if not most, homeowners an opportunity to refinance mortgages. If you are considering refinancing, make sure you have clear goals about … [read more]
Comments Off on Refinancing Opportunities & Goals
April 14th, 2020
Canada’s central bank has already taken forceful action this month to cut its influential overnight rate to support the country’s economy through the coronavirus pandemic. It moved on March 4th … [read more]
Comments Off on More Interest Rate Cuts to Support Canada’s Economy Through The Pandemic
April 10th, 2020
With the Bank of Canada dropping its overnight rate by a full percentage point this month in response to the COVID-19 pandemic, it would seem to be a great time … [read more]
Comments Off on Fixed Mortgage Rates Hiked. Interest Rates on New Mortgages Increasing
April 8th, 2020
Homebuyers were coming in hot in February across many of Canada’s major markets. Toronto and Vancouver appeared to be set up for particularly strong spring seasons, with the former ramping … [read more]
Comments Off on Historically Low Mortgage Rates to Support Housing Recovery
April 7th, 2020
Being denied a mortgage loan can seem to shatter your dreams of home ownership. But arming yourself with knowledge before sitting down with a lender can improve your chances of … [read more]
Comments Off on The Most Common Reasons Mortgage Applications Get Denied
April 4th, 2020
What is equity? You’ll often hear the term equity when it comes to homeownership, but you may not even know what that means even if you already own a home. … [read more]
Comments Off on Understanding The Home Equity • Pros & Cons of Home Equity Loans
April 4th, 2020
The Bank of Canada (BoC) has announced an emergency rate cut to its trend-setting Overnight Lending Rate, as the Canadian government moves to reduce the economic repercussions of the COVID-19 … [read more]
Comments Off on Why is The Bank of Canada Makes Emergency Rate Cut • Stress Test Changes Delayed?
April 3rd, 2020
Owning a home is a big step toward securing yourself financially for the future. With each mortgage payment, you are building equity. But with the cost of living going up … [read more]
Comments Off on The Benefits of Secured Personal Loans & Mortgage
April 3rd, 2020
A dramatic 0.5% reduction in the Bank of Canada overnight lending rate on March 13 – the second such cut in 9 days – in response to the virus pandemic … [read more]
Comments Off on Emergency BOC Rate Cut will Add Fuel to Housing Sales
April 2nd, 2020
How is the Metro Vancouver housing market faring as the Spring 2020 season sets in? It has been a tumultuous few years for west coast home buyers and sellers as … [read more]
Comments Off on Down Payment Needed for Metro Vancouver Houses & Apartments
April 2nd, 2020
“The world has changed,” read the headline of RBC’s Macroeconomic Outlook published today and, with all the events that hit like a tsunami over the last week, it’s hard to … [read more]
Comments Off on Bank of Canada Cuts Interest Rates Again as “Whatever It Takes” Emergency Response
March 27th, 2020
Bank of Canada Governor Stephen Poloz suggested Thursday that lower interest rates would not send home prices skyrocketing, but could instead help bolster consumer confidence and the housing market amid … [read more]
Comments Off on Bank of Canada Believes Rate Cut Will Bolster Housing Market
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