June 30th, 2021
Mortgage Rate Outlook After a sharp upturn to start the year, Canadian mortgage rates remained stable through the second quarter of 2021. That said, there was recently a significant change … [read more]
June 29th, 2021
When most homeowners seek a mortgage, they go to a bank, credit union, or other financial institution, but sometimes, these lenders won’t lend them money for a variety of reasons. … [read more]
Comments Off on Interest Benefits & Flexibility of Private Mortgage Lenders
June 16th, 2021
Some good news for those looking to qualify for a mortgage: rates will remain at their record lows for the foreseeable future, as the Bank of Canada (BoC) announced it … [read more]
Comments Off on Mortgage Rates will Stay Low as Strong Recovery Expected for Canadian Economy
June 8th, 2021
As of today, it’ll be a bit tougher for new and renewing mortgage borrowers to qualify for their home loan. A higher threshold for the “stress test” has come into … [read more]
Comments Off on How will The Stress Test Impact Homebuyers & Housing Affordability Across Canada?
June 2nd, 2021
Maybe you need help with your mortgage payments, property taxes, or want some extra cash flow, whatever the reason is, you’re considering renting out your home. We will provide some … [read more]
Comments Off on Knowing Your Home Mortgage Rules for Renting Your Home
June 1st, 2021
If you’re looking to buy a house and are new to the home buying process, there is a chance that you are not familiar with the mortgage pre-approval process. Getting … [read more]
Comments Off on The 3-Step Mortgage Approval Process
May 24th, 2021
It would take 25 years to save for a down payment of a low-rise Toronto home, says a new report from National Bank. At a savings rate of 10% on … [read more]
Comments Off on 32-Years Needed to Afford Down Payment in Vancouver
May 19th, 2021
If you are looking to invest in a new home in Canada but haven’t heard about the new Stress Test Mortgage rules – or even heard of the test at … [read more]
Comments Off on How Much Home Can You Afford Under The New Stress Test Mortgage Rules?
May 4th, 2021
The Bank of Canada expects the country’s economy to rebound faster than expected, and that could mean interest rate hikes are in the cards next year instead of in 2023 … [read more]
Comments Off on Interest Rates Rise Sooner Than Expected? Don’t Worry!
May 3rd, 2021
While the country is mired in a destructive third wave of COVID-19 infections, Canada’s economic outlook is growing brighter by the day. This, of course, is great news as we … [read more]
Comments Off on Mortgage Interest Rate Hikes are On The Horizon, as Canada’s Economy Rebounds
April 22nd, 2021
While the impact of COVID-19 on markets and the economy has been unprecedented, there has been one constant over the past year that has provided small comfort to Canadian consumers: … [read more]
Comments Off on Low Interest Rates to Stay as Stronger-Than-Expected Economic Performance
April 20th, 2021
If you’re going to refinance your mortgage, it can help to lessen the interest rate of your loan or monthly payment, access some of your home’s equity, or adjust your … [read more]
Comments Off on When is The Right Time to Refinance? What’s The Basic Steps Involved in Process?
April 14th, 2021
Newly proposed rules from Canada’s financial regulator would tighten up the existing mortgage stress test by increasing the qualifying rate for uninsured mortgage loans. The proposal from the Office of … [read more]
Comments Off on Proposed Tighter Mortgage Rules Won’t Impact Skyrocketing Home Prices
March 16th, 2021
It’s been over a year since the Bank of Canada first cut its influential overnight rate to counter the economic fallout brought on by the worsening COVID-19 pandemic. Another dramatic … [read more]
Comments Off on Bank of Canada Rock-Bottom Rate Level Increases Not Expected Until 2023
February 24th, 2021
Rock-bottom mortgage rates have been a major driver of red-hot home buying activity across Canada since the country emerged from the widespread lockdowns of spring 2020. Those rates are likely … [read more]
Comments Off on Mortgage Rates to Stay All-Time Lows for 1st-Half 2021, will Begin Climbing Later in The Year
February 15th, 2021
As home prices surge across the country, saving for a downpayment has become an even bigger challenge for potential buyers. According to the National Bank of Canada’s Housing Affordability Monitor, … [read more]
Comments Off on Saving for A Downpayment Has Never Been Harder for Homebuyers
February 9th, 2021
Home buyers should move quickly if they want to lock in the best possible terms on their mortgage, as the winter months typically see lenders providing much better deals on … [read more]
Comments Off on NOW is The Best Time to Secure A Mortgage
January 19th, 2021
Vancouver-based Central 1 Credit Union is among those forecasting that the “exceptionally strong” 2020 housing market in B.C. will continue to surge, with average prices rising 5.6% in 2021 and … [read more]
Comments Off on Low Mortgage Rates will Drive BC Housing Market Prices Up
January 13th, 2021
As first-time homebuyers begin the tedious, complicated journey into homeownership, many find themselves overwhelmed and defeated by long to-do lists. Finding a home within a limited budget, scrounging for down … [read more]
Comments Off on Avoidable Mistakes in The Mortgage Process
January 6th, 2021
Record-low mortgage rates are one of the major drivers of the huge rebound in home sales Canada has experienced since early summer. And, with the country’s central bank committing to … [read more]
Comments Off on Mortgage Rates will Stay Near Record-Lows for 2021
January 4th, 2021
Pre-qualifying for a mortgage is often the first step towards owning a home. If you’ve never done this before, though, you might not know where to start. Here’s some information … [read more]
Comments Off on How & When to Apply for Home Loans in 2021?
December 30th, 2020
Tips For Getting Preapproved for A Mortgage If you start looking for your new home before you know how much you can afford to spend, you will be in for … [read more]
Comments Off on The Mortgage Pre-Approval Process
Comments Off on BCREA Economic Outlook & Mortgage Rate Forecast