• As you have likely heard, the Bank of Canada has made an aggressive move today, increasing the overnight rate by 1.0%. It was widely expected they would increase by .75% so this move came as a bit of a surprise. This is the largest single increase[...]

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    As was widely expected, The Bank of Canada has raised the overnight rate by 0.50% today to 1.5%. This is the third Bank of Canada increase in as many meetings. Here is an article with more detail:Bank of Canada AnnouncementToday's move [...]

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    With some recent movement in rates, I have had a lot of clients ask whether they should go with a fixed rate or a variable rate for their mortgage. That’s never an easy question to answer, as the answer will depend largely on your individual risk [...]

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    In the past week, I have met with two different clients who have recently signed up for loans of $20K - $30K with interest rates around 30%. In both cases, the loans were registered as second mortgages without the client fully understanding that this[...]

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    I hope that everyone is having (and has had) a good summer. September is approaching far too quickly and the memories of heading back to school are still fresh in my mind. This was never a fun time of year as a child, knowing that summer was winding [...]

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    The government agency that regulates mortgages in Canada (The Office of the Superintendent of Financial Institutions) made several dramatic changes today that everyone should be aware of. If you're planning on moving or refinancing in the near [...]

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    Interest Rate Increase If you have not yet heard by now, the government increased the overnight rate yesterday by .25% to .75%. In turn, the banks have increased their prime lending rate by .25% to 2.95%.  This increase actually only affects [...]

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    Without question, the past few months in the mortgage industry have been challenging. There have been numerous changes that have completely altered the mortgage lending landscape. Here is a summary of the changes we have seen: 1) Stress Test: As [...]

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    Are you thinking of selling? You’d think it would be as easy as placing a “For Sale” sign on the front yard and waiting for the offers to roll in, but for most homeowners the process is a bit more complicated. Unless you keep your home in [...]

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