The recent data sure has changed the tone of rates in the coming months. The prime rate – what variable rates are based on, while a few short weeks ago was expected to rise three times in the next 18 months now with the data on the slowing of the market and uncertainty in projects […]

Let’s face it, the memories we create with people are what last a lifetime. Have you ever sat with someone who said – I wish I could live a longer to have more stuff? Or would they rather have time with loved ones? Here’s a few ideas to make a memory. 1. What are you […]

As was universally expected, the Bank of Canada’s Governing Council held overnight interest rates steady at 1-3/4% as it heralded a weaker outlook for the Canadian economy. The dovish tone in today’s Bank of Canada statement is in direct contrast to its attitude when it last met on October 24. Since that time, the global […]

Since we know that lenders can back-end insure our mortgages and that this specifically makes these mortgage investments more attractive to investors, what does it mean for borrowers (every day people like you and me)? To recap, any mortgage that is inexpensive for a wholesale lender to get financing for allows the lender to pass […]

Housing prices in Hamilton and Burlington continue to rise, even though sales continue to drop compared to 2017. The Realtors Association of Hamilton-Burlington (RAHB) reported 1,035 sales of residential properties in October 2018, a 13.1 per cent decrease from the same month last year. Overall sales are 17.7 per cent lower than last year at […]

Policies are always changing, and when you port a mortgage, a FULL application must be approved and completely underwritten with full, credit, income, property and policy review. It’s a mistake to believe that just because you already had a mortgage, you will easily get a new one. Policies and rates are changing rapidly and you […]

It wasn’t all that long ago that the prospect of buying a detached home in the City of Vancouver for under $1 million seemed like a dream from another era. The so-called “million dollar line” that used to divide Vancouver’s east and west side has now crept well into the suburbs, and back in January […]

Owning a home remains a priority for many Canadians – yet changes in the interest rate environment and high housing prices in certain markets may prompt a number of questions. How can prospective homebuyers be prepared for changes down the road? How can people in high-rent markets, such as Vancouver, for example, make sure they […]

Bank of Canada Raises Overnight Rate Target As expected the Bank of Canada raised its overnight rate .25%, banks are expected to follow. View the full report here: https://www.bankofcanada.ca/press / Key Takeaways Canada continues to attract business investment, LNG deal being finalized placed confidence in growth of the economy. Despite Tariffs Canadian exports are strong, […]

With the Bank of Canada holding rates steady this September, the same is not the case for the bond market, which impacts fixed rates. In every interest-rate market there are many factors leading to an increase and we are hoping to provide a little bit of clarity on what is happening and what it means […]