General Angela Calla 17 Nov
When it comes to mortgages, there can be a lot to know! Do you go with a fixed-rate mortgage or a variable-rate? What are the terms? What are the penalties? Which is the best payment frequency? With so many questions and so many lender options, it can be hard to find the best solution for […]
Read MoreGeneral Angela Calla 13 Nov
For those of you who don’t know, your down payment is the amount of money you need to put down on your new home. Once you have determined your budget, you will have an accurate idea of the final cost of the home you can afford and what you will be intending to spend. This […]
Read MoreGeneral Angela Calla 12 Nov
Now that we have talked credit, it is time to consider budget! We know, we know… but we promise, you’re almost there! When talking budget, it is important to consider the purchase price budget, as well as your cash flow budget. Being house rich and cash poor makes for a no-fun home! The home price […]
Read MoreGeneral Angela Calla 9 Nov
One of the important factors in home ownership is understanding things like your credit score. Some people don’t pay much attention to this metric until they begin the mortgage discussion! However, you will find that your credit score is one of the most important factors when it comes to qualifying for a mortgage at the […]
Read MoreGeneral Angela Calla 28 Oct
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program. The Bank is recalibrating […]
Read MoreGeneral Angela Calla 28 Oct
At 10 am eastern, the Bank of Canada made its nineth interest rate decision of the year. While the overnight rate did not change – it remains at just 0.25 percent, which is great news for borrowers – the Bank’s commentary about the outlook for Canada’s economy did. In particular, the Bank announced it will […]
Read MoreGeneral Angela Calla 13 Oct
The previously known Genworth has changed its name to Sagen. They have re-branded to tell their story: “Well for us, this was a great opportunity to do something we’d never done before… to tell our own story. After talking with our employees and customers during this brand renewal, we heard some pretty amazing things about […]
Read MoreGeneral Angela Calla 8 Oct
COVID-related Mortgage Deferrals are coming to an end. What does this mean for me? Your payments will return to normal and increase to include a portion of the deferred payment. If you are back to work and have accumulated debt outside your mortgage, you may qualify to re-structure your existing mortgage so you can payout […]
Read MoreGeneral Angela Calla 23 Sep
The Liberal government intends to create thousands of jobs by supporting retrofits of homes and buildings and investing in reducing the impact of climate-related disasters, like floods and wildfires, as part of a modest green agenda announced in the speech from the throne today. Indicating a plan to build “a more resilient Canada,” the government […]
Read MoreGeneral Angela Calla 10 Sep
OSFI recently announced they are winding down the COVID-19 related relief for deferred mortgage payments. It’s important to note that if you request to defer your mortgage moving forward it may negatively affect your credit. Here are some questions we answered to help you better understand the process. While it’s not ideal, a mortgage deferral […]
Read More