How The New Mortgage Rules will NOT affect you!
If you had signed a purchase agreement on a new home before January 1st, lenders will not have to apply the stress test even if you apply for a mortgage…
The New Mortgage “Stress Test”
As of January 1st 2018, the mortgage “stress test” is to be expanded and Canadians are going to find it harder to get financing and to refinance than ever before. The…
Money Saving Tips
Create a Monthly Budget. It’s easy to lose track of your spending but seeing all your spending on paper will set you up for future money saving success. Visit your…
The Top 4 Reasons to Use a Mortgage Broker
Ever wonder what the benefits of using a mortgage broker are instead of getting a mortgage at your local bank? The advantages of using a mortgage broker are more simplistic…
What the New Mortgage Rules Mean for Homebuyers
The Office of the Superintendent of Financial Institutions (OSFI) introduced new rules on mortgage lending to take effect January of 2018. OSFI is setting a new minimum qualifying rate, or…
What you NEED to know about Collateral mortgages
Not very many people understand the difference between a conventional mortgage and a collateral mortgage. Many banks are now asking borrowers to sign collateral mortgages — and it could result…
Are Housing Prices Going Up, or Down?
The ratio of Toronto sales to new listings have fallen to 41% in May. That’s the lowest it’s been since 2008 and is near the bottom of the range for…
Real estate concept
Listings rise 42.9 per cent from a year ago
The local Real Estate market is showing definite signs of cooling but this may only be a temporary blip. Listing in May increased by 43% while sales were down by…
Why Your Credit Score Matters
And how to improve it Despite holding multiple credit products (like credit cards or lines of credit) many Canadians don’t understand how debt and their behaviour around it affects their…
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Ontario’s Plan to Tax Foreign Buyers and Expand Rent Control: What You Need to Know
15% Foreign purchaser’s tax in the GTA that started as of April 21st This is a good start, but in my opinion won’t really do much to help the housing…