by Karen Wotherspoon | Nov 29, 2019 | Blog, Economy, Homeownership, Mortgage
The decision to become a homeowner represents a significant milestone. It’s, therefore, extremely important to consider all your options when it comes to the different types of available homes to ensure you find the right one that fulfills as many of your personal and...
by Karen Wotherspoon | Nov 22, 2019 | Blog
The most popular mortgage selected by Canadians is the five-year fixed-rate option. While this isn’t always the best choice, it’s definitely the most common. But a lot can happen in five years. What if you need to buy a bigger home to accommodate your growing family...
by Karen Wotherspoon | Nov 8, 2019 | Blog, Homeownership, Mortgage
If you ask most people, the best time to buy a house is in spring. Traditionally, house hunters like to head out when the sun is shining, temperatures are warm and the flowers are blooming. And while all of that may sound lovely, there are many perks associated with...
by Karen Wotherspoon | Oct 30, 2019 | Announcements, Blog, Mortgage
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The outlook for the global economy has weakened further since the Bank’s July Monetary Policy Report...
by Karen Wotherspoon | Oct 25, 2019 | Blog, Homeownership, Mortgage
Buying a home is among the largest financial purchases you’ll make throughout your lifetime and a huge commitment – whether it’s your very first or your fifth property – so it makes sense to protect your investment. Once you’ve fallen in love with a home, it’s...
by Karen Wotherspoon | Oct 18, 2019 | Blog, Finance, Homeownership, Mortgage
Historically, real estate has proven to be a sound investment option. Nowadays, with rental properties scarce and rental fees through the roof, investing in real estate could be considered a great option, especially if you cater to the right demographic in the right...
by Karen Wotherspoon | Oct 11, 2019 | Blog, Finance, Homeownership, Mortgage
If you’re a Canadian homeowner who’s at least 55 years old, a reverse mortgage may be able to provide a number of solutions for you, including supplementing your current income while you continue to live in your home to help you enjoy a more fulfilling retirement....
by Karen Wotherspoon | Oct 4, 2019 | Blog, Finance, Homeownership, Mortgage
Sometimes, you may just need an added boost to qualify for the loan amount required to get you into your new home, particularly following the introduction of tighter mortgage qualification rules. If you’re experiencing difficulty meeting traditional lender...
by Karen Wotherspoon | Sep 27, 2019 | Blog, Economy, Homeownership
Did you know that several lenders today are exclusively offering collateral charge mortgages? This means it’s more important than ever to understand the differences between a collateral and a standard charge mortgage before signing your mortgage commitment. The...
by Karen Wotherspoon | Sep 20, 2019 | Blog, Economy, Finance, Homeownership, Mortgage
More Canadians than ever before have become familiar with private mortgage options after feeling the effects of the stringent stress test mortgage qualification rules introduced in January 2018. While private mortgages have been around for many years, they were...
