Every month, you put money against your mortgage. Over the years, thanks to all those payments (and a healthy increase in home values), you’ve built up some equity. Way to go! Sometimes, we want to be able to tap into that equity. But new mortgage...
Canadian Federal Budget Overview Quick Facts: - In the first budget proposed in 2016, the word “gender” appeared twice. In 2018, it was used 358 times. Deficits: - For the foreseeable future, the federal government will be running a deficit - The closest projection to a balanced budget will occur...
Market Outlook - Housing - Canada’s housing market has reached a cooling point after a busy end to 2017 - Declines were generalized and consistent across the country. This gives us evidence that tighter mortgage qualifying rules for conventional mortgages has had a widespread impact. - New listing...
If you are a first-time homebuyer, getting professional mortgage advice is a great place to start. We specialize in the kind of education that can help get new homebuyers off to a great start! Although mortgage debt is ‘smart' debt, buying your first home is...
January 2018 stats are in and GTA buyer activity has slowed dramatically. When comparing January 2017 to last month, sales dropped 22%. This should come as no surprise as the market was in a housing spike last year. January was also the weakest month of...
The Office of the Superintendent of Financial Institutions (OSFI) has introduced new mortgage regulations set to take effect on January 1, 2018. Many home buyers have been anxiously rushing to purchase a home before the deadline. While this may be necessary for some buyers for affordability...