WHAT’S INCLUDED IN A HOME PURCHASE AGREEMENT While a home purchase agreement may seem simple and straight forward, there are many differences that you can encounter that can be a big surprise to first-time homebuyers. While you expect the date of possession and the full purchase price to be outlined in the agreement, there are […]

FORECLOSURE, BANKRUPTCY, CONSUMER PROPOSAL & CREDIT COUNSELING The Canadian Bankers Association’s latest reporton mortgage delinquency shows that Saskatchewan has the highest per capita of all the provinces. The national average shows that .24% of home owners are having difficulty paying their mortgage. Saskatchewan is more than triple that at .80% with next in line Atlantic Canada […]

Mortgage Growth Slows, Alt-Lender Share Grows: CMHC Canada’s mortgage market grew by its slowest pace in more than 25 years in 2018, according to new data released by the Canada Mortgage and Housing Corporation. At the same time, the share of the market controlled by alternative lenders—which typically lend to riskier clients and charge higher […]

WHAT IS A MORTGAGE “REFINANCE” AND HOW DOES IT AFFECT ME? Refinancing a Home is one of those things where people understand what it is but have trouble explaining How it works. To put it simply, refinancing your Home allows you to access the equity you have built up, by changing the mortgage amount. Let’s […]

JUNE HOME SALES STOPPED DETERIORATING IN THREE WESTERN PROVINCES Statistics released late last week by the Canadian Real Estate Association (CREA) show that national home sales were little changed in June following gains in the prior three months. Housing activity remains well below levels recorded over much of 2015-2017–the boom years. As the chart below […]

National Home Sales Flatten Out in June: CREA The national housing market appears to be taking a breath after three consecutive months of improvement, according to the Canadian Real Estate Association (CREA). The June data reveals sales, prices and listings remained flat both on a monthly and annual basis. Overall, home sales edged up just […]

SHOULD YOU PAY DOWN YOUR MORTGAGE ASAP? One of the top questions we get asked: Should I pay down my mortgage as fast as possible? In theory, this makes sense. The faster you pay it down, the faster you get out of debt, right? For many people that is the case and it does make […]

5 WAYS YOU COULD USE A CHIP REVERSE MORTGAGE Reverse mortgages are continuing to grow as a retirement solution for Canadians 55+. Homeowners 55+ are unlocking their home equity for tax-free funds that improve their cashflow and pay-off higher interest loans. Consider your own financial needs. Do any of these 5 common scenarios sound familiar? […]

Bank of Canada Holds Rates Amid Heightened Trade Tensions Canada’s key lending rate remained unchanged for the sixth straight meeting today, with the Bank of Canada saying the country’s outlook is “clouded” by trade uncertainty. The overnight target rate remains at 1.75%, where it has been since October 2018 when rates last fell 25 bps. […]

CONDO HOME INSURANCE First thing I would like to say about home insurance- this is not what we specialize in. We are experts when it comes to brokering mortgages, not determining what type of home insurance would be best suited for you. That being said, there are 3 key topics we would like people to […]