The housing market is so competitive buyers are doing anything they can to get a home. A common way to try to stand out is to write a heartfelt “love letter” to a seller — a seemingly harmless note to express appreciation of the home and make a personal connection. But in this overheated real estate market, what were […]

The Bank of Canada left the benchmark overnight policy rate unchanged at 0.25% and maintained its current pace of GoC bond purchases at its current pace. The Governing Council renewed its pledge to refrain from raising rates until the damage from the pandemic is fully repaired. The $3 billion weekly pace of bond-buying–known as quantitative […]

This morning’s Stats Canada release showed that the economy grew at a 5.6% annualized rate in the first quarter, after a revised 9.3% pace in the final quarter of last year. That was somewhat below economists’ expectations. Housing investment grew at an annualized 43% pace, by far the biggest impetus of the expansion. Residential investment […]

To gesture our appreciation to our First Responders across the country we created a program specifically for them! The First Responder Mortgage Program™ is our way of saying THANK YOU. Who is Eligible: The First Responder Mortgage Program™ is open to the following individuals: Police Officers Paramedics Firefighters (employed and volunteering) Correctional Services Border Services Search & Rescue […]

Further to the original announcement in early April, the new mortgage stress test released on June 1st has officially increased for home purchases and those looking to refinance. This has caused a decrease in their borrowing power by about 5%. To put this in perspective, if they were approved for 1 million dollars, that is reduced […]

The Time to act is now! If you or someone you care about has a mortgage with a discount below .50%, it might be worth it to redo your mortgage. Why? The lower variable rate discounts have reached an all time low. This opportunity may potentially save you money! Please note, it will be subject […]

We are so proud to announce we have teamed up with our banks to develop a special mortgage program to financially support our First Responders. On June 1st, there will be special discounted and cashback offers available for: Police Officers Paramedics Firefighters (Volunteer & Employed ) Correctional Services Border Services Search & Rescue (Volunteer & […]

As Canada emerges from the pandemic, its various industries are spinning back up, hoping beyond hope that their businesses not only recover, but come back stronger than ever. Without our small businesses, we don’t have anything. To that end, we’ve spoken to eight businesspeople across a cross-section of Canadian financial-based businesses, from trustees to loan […]

Long-awaited tweaks to the government’s First-Time Home Buyer Incentive came into effect on Monday. Nearly five months after the changes were first proposed, the Department of Finance and Canada Mortgage and Housing Corporation (CMHC) have enhanced the eligibility criteria for buyers in Toronto, Vancouver and Victoria. As a recap, the FTHBI is a shared-equity program […]