In November 2017, the credit bureau Equifax revealed that the files of 19,000 Canadian consumers had been compromised. These files contained clients’ personal information such as their names, addresses, social…
According to The National Association of Realtors, a staged home will sell for 17% more on average than a non-staged home, and 95% of staged homes sell in 11 days…
The Office of the Superintendent of Financial Institutions (OSFI) have implemented 3 new mortgage rule changes that are effective this year. Here are the following changes: 1) Qualifying rate stress test to…
Toronto real estate listings were up 172% in December, as inventory continues to grow and sales continue to drop according to the Toronto Real Estate Board. Toronto’s housing market has…
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…
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…
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…
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…
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…
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…