There are a lot of rumours out there with a lot of consumers and I feel it is important to share the information direct from the source “The Government of Canada” on the new mortgage rule changes. First time home buyers expressing confusion if it affects them shouldn’t be concerned unless they are looking at […]Read More
Mortgage Tips & Industry News
Browse through our growing archive of articles geared toward helping you better understand the mortgage industry as well as helpful tips for first time home buyers, existing home buyers and those wishing to enter the investment property industry.
Government of Canada, Minister Flaherty listened to industry experts to make changes today. There will be little impact for responsible Canadians looking at home ownership. He made a good decision by not changing down payment requirements as this would have hurt the housing market. Rates will increase at some point in time and we all […]Read More
Interest rates: Will Dunning, Economist has done a great job capturing the elements of rising interest rate risk for Canadians. In my experience on the front lines, I agree with all comments provided in this report. Will does a great job of understanding how the mortgage market in Canada is priced and the impact on […]Read More
With all the talk about the housing bubble, have Canadians and their mortgage professionals really been that irresponsible. I don’t think so, however, some so called experts do. In order to really understand this impact, these are the consumers at risk: 1) Consumers with high debt loads that recently purchased a home with little down […]Read More
FIXED OR VARIABLE mortgage? This is a question that comes up increasingly in conversations with new or existing homeowners. My answer is always that it depends on their circumstances. There are 4 main factors to consider: 1. What is my risk tolerance? If you don’t like to take risk and want the sure thing, fixed rates […]Read More