June 13th, 2019
Shopping around for a mortgage? You’ll quickly learn there is no one-size-fits-all product available to everybody. When you start narrowing it down, one of the first decisions you’ll have to … [read more]
June 12th, 2019
The Bank of Canada isn’t budging on its policy rate, at least at the moment, and that’s good news for borrowers. Canada’s central bank maintained the overnight rate, which influences … [read more]
Comments Off on What Interest Rates On Hold Means for Mortgages?
June 11th, 2019
A rush of homeowners are going to renew mortgages next year and when they do, they’ll most likely be faced with higher interest rates than when they signed on last. … [read more]
Comments Off on 2020 Will Be A Huge Moment for The Canadian Mortgage Market
May 28th, 2019
If you’d asked a big bank economist last year where interest rates were headed in 2019, they’d probably have said they were going up. They had good reason to believe … [read more]
Comments Off on Where Are Canadian Interest Rates Heading in 2019?
May 27th, 2019
More than half of first-time homebuyers in Vancouver are concerned they will miss out on buying a property because of an insufficient down payment. According to the findings of a … [read more]
Comments Off on 58% of 1st-Time Homebuyers Expressed Their Prospects of Buying a Home with Down Payment Challenges
May 21st, 2019
A month ago, I tested a theory that only people who have mortgages truly understand what they are. The same, I believe, is true for interest rates. We know it’s … [read more]
Comments Off on WTF Interest Rates for First-Time Homebuyers
May 20th, 2019
Buying a home can be exciting and a little scary all at the same time. There are many factors that go into buying a new home like finding the right … [read more]
Comments Off on Practical First Steps for Home Buyers
May 13th, 2019
As anyone buying property for the first time can attest, the learning curve is steep when you’re a real estate novice. You’re essentially hopping on the Magic School Bus of … [read more]
Comments Off on A First-Time Homebuyer’s Guide to CMHC Insurance
May 8th, 2019
Some Canadians who aren’t qualifying for mortgages at Canada’s big banks because of tougher mortgage rules aren’t taking no for an answer; they’re turning to less-regulated lenders, and that should … [read more]
Comments Off on Canadians are Turning to Riskier Lenders Because of the Mortgage Stress Test
May 7th, 2019
The Bank of Canada won’t be hiking its policy rate any time soon, says one economist — and that should be welcome news for mortgage borrowers with variable rates. On … [read more]
Comments Off on Welcome News for Mortgage Borrowers with Variable Rates
April 17th, 2019
Becoming a homeowner is a milestone in the life of any adult. Making the jump from renting to owning represents an important step on the road to financial security, and … [read more]
Comments Off on How to Increase the Chances of Getting a Mortgage?
April 16th, 2019
It’s no secret that first-time buyers have it tough in the current Canadian housing market. The homebuying process is fraught with confusing guidelines, financial prodding, and, occasionally, rejection. For Canada’s … [read more]
Comments Off on How to Purchasing A Home as A New Immigrant to Canada?
April 15th, 2019
There could be a spike in mortgage applications in the third quarter if a rate forecast from the British Columbia Real Estate Association is realized. The association’s economists are expecting … [read more]
Comments Off on A Spike in Mortgage Applications in 3rd Quarter of 2019?
April 12th, 2019
I used to think I had a pretty good understanding of mortgages — you contribute a downpayment (a minimum of five percent of the property value if you’re in Canada) … [read more]
Comments Off on There’s No One-Size-Fits-All Mortgage Plan
April 11th, 2019
When buying your first home, it’s expected that you’ll view a variety of houses to find the one that best fits your needs. Mortgages are no different — having an … [read more]
Comments Off on Are You a 1st-Time Homebuyer Working with a Mortgage Broker?
April 10th, 2019
Tired of renting? You’re not alone! We all dream of owning a home at some point in life. The only gap separating you and owning your dream house is saving … [read more]
Comments Off on How to Save Money for a Down Payment?
April 10th, 2019
Experts see signs that mortgage interest rates in Canada may continue dropping this year. In a note sent to clients this morning, BMO Senior Economist Robert Kavcic points to the … [read more]
Comments Off on Signs Point to Lower Canadian Mortgage Rates This Year
April 9th, 2019
Canada’s stress test for uninsured mortgages has been under fire from the real estate industry, but it appears policymakers are unlikely to budge and scrap the year-old measure. There may, … [read more]
Comments Off on What Changes Can Actually Help Canadian Homebuyers?
April 8th, 2019
To demonstrate how BC home sales activity has dropped off in the 14 months after policymakers changed the qualification process for uninsured mortgages, a provincial real estate association has drawn … [read more]
Comments Off on The Impact of Tougher Mortgage Rules to BC’s Housing
April 5th, 2019
Qualifying for a mortgage is a huge milestone for a first-time buyer on the quest to homeownership. In a time of restrictive mortgage rules, federal stress testing and climbing prices, … [read more]
Comments Off on A First-Time Homebuyer’s Guide to Finding The Right Mortgage Term & Amortization
April 3rd, 2019
Engaging in the services of a mortgage broker in Vancouver is a major decision in your life. It is one that should come with a lot of thought and questions. … [read more]
Comments Off on Questions to Ask Mortgage Broker
March 28th, 2019
I’m currently saving for a downpayment on a cottage in Ontario. Since I met with a financial planner two weeks ago to make a savings plan, I’ve been tempted to … [read more]
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Comments Off on Shopping Around for A Mortgage? What’s The Most Popular Choice Between a Fixed & Variable Rate? How Do You Decide?