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Bank of Canada Rate Hike Announcement

After yet another Bank of Canada rate increase, we can expect the banks’ prime rate to increase commensurately. Here is ...
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July 13th Bank of Canada Announcement

The Bank of Canada has increased the overnight rate by a whopping 1%, which means the chartered banks will most ...
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Mortgage Stress test – Everything you need to know and more

Much has changed since this article was first published back in 2018. The mortgage stress test is not a foreign ...
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8 Ways the Federal Budget 2022 Affects You

Federal Budget 2022 - Mortgage and Real Estate Impacts. Last week’s Federal Government 2022 Budget included a much-improved roadmap for ...
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Three Ways To Beat The Mortgage Stress Test

Updated January 27, 2023

All major banks are now offering five year variable rate mortgages around six percent! And five year ...
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Rate Hikes Coming – Here’s What To Do

There seem to be three big things on everyone's minds these days: The incredible pace at which real estate everywhere ...
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When Do You Need a Co-Signer For Your Mortgage?

Mortgage qualifying rules are stricter than ever before. Mortgage rates are rising, and homes are more expensive in Canada. In ...
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What Is The Impact Of Rising Interest Rates On Mortgage Pre-Appro...

With inflation in Canada at its highest levels in 18 years, talk has resumed about the prospect of higher mortgage ...
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First Time Homebuyer Mortgage Checklist

When you are making plans to buy your first home, it's impossible to know what you don't know. This first ...
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What’s The Best Mortgage Rate?

Published: • Reputable mortgage specialists do not believe the number one factor in selecting a mortgage is the ...
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Ready To Buy A Home? How To Assemble A Great Support Team

Everyone needs a home-buying support team that includes a real estate agent, mortgage specialist, and real estate lawyer. As you ...
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Why You Need A Down Payment Strategy

Having the right down payment strategy can save you a lot of money in the long term, and pay back ...
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Mortgage Lingo You Need To Know

Glossary and explanation of important mortgage terms, with links to relevant articles that discuss the nitty gritty. Links to related ...
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Mortgage Pre-Approval FAQs

Mortgage pre-approval is essential to knowing what your affordability range is before you make an offer to purchase a home ...
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Why Is My Mortgage Application Declined?

Mortgage #FAILS. Learn the underwriting risk factors that lenders use when evaluating your mortgage application, and the top 10 reasons ...
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First Time Homebuyer? The Government Wants To Give You Money.

How to get your share of government financial incentives available Canadian first time homebuyers. There's lots available, but in most ...
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Ross Taylor |

Categroy

First Time Home Buyers