The Latest in Mortgage News – All Eyes on the BoC For those with a vested interest in mortgage rates—particularly variable-rate mortgage holders—tomorrow’s Bank of Canada rate decision has become one of the most-anticipated financial events of the quarter. Expectations of a rate hike have seesawed from a near certainty to a coin toss and […]

MORTGAGE PROTECTION PLAN   Insurance coverage is something that everyone is “pitched” at some point or another in their life. Unfortunately, a lot of us have a negative attitude towards insurance or warranty as it is perceived as being a cash grab. Yes, if you are purchasing a flat screen T.V., that extra 2-year warranty […]

DON’T FORGET THE CLOSING COSTS WHEN YOU PURCHASE A HOME The purchase price you negotiate when buying or selling a home is just one part of the total cost for buying a home. In addition to the purchase price there are several other fees – known as closing costs – all of which you need […]

MORTGAGE BROKERS MORE IMPORTANT THAN EVER   Nearly half of all existing mortgage in Canada will be up for renewal in 2018. CIBC Capital Markets estimates 47% of all existing mortgages will need to be refinanced in 2018. All of this coming on the heels of rising interest rates and changes to key mortgage regulations. With […]

ARE MORTGAGE TERMS MORE IMPORTANT THAN RATE? Why are the terms more important than rate when it comes to a mortgage? Simple. Seven out of 10 Canadians break their mortgages prior to the renewal date. Taking the wrong mortgage when you could have qualified for a better one- is a costly mistake. The biggest mistake […]