by Karen Wotherspoon | Mar 6, 2019 | Announcements, Blog, Mortgage
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Recent data suggest that the slowdown in the global economy has been more pronounced and widespread...
by Karen Wotherspoon | Mar 1, 2019 | Blog, Finance
Debt is a big concern for many Canadians, especially since the cost of living is often rising quicker than our salaries. Although we do our best to be fiscally responsible and smart money managers, it isn’t always easy. Unforeseen circumstances and life situations...
by Karen Wotherspoon | Feb 22, 2019 | Blog
Own a Newly-Built Home? Don’t Forget About the Warranty! If you’ve purchased a newly-constructed home, it goes without saying that everything – from the construction materials to plumbing and electrical systems – is new. Nevertheless, this doesn’t rule out the...
by Karen Wotherspoon | Feb 15, 2019 | Blog, Homeownership
The path to homeownership can be both extremely exciting and a bit overwhelming all at once. To help guide you through the entire homebuying and mortgage processes, it’s important to be able to rely on the expertise of a professional mortgage broker or agent. As...
by Karen Wotherspoon | Feb 8, 2019 | Blog, Homeownership
Congratulations, you’ve decided to purchase your first home! So, now what? How do you make your dream of homeownership a reality? Your first step is to talk to an experienced mortgage agent who will outline all the important aspects of a mortgage and answer any...
by Karen Wotherspoon | Jan 29, 2019 | Blog, Mortgage
As part of the mortgage and real estate processes, there’s a lot of confusion around the differences between the deposit and the downpayment. It’s important to understand what sets them apart so you don’t get confused when it’s time to secure financing on a...
by Karen Wotherspoon | Jan 22, 2019 | Blog, Homeownership
You’d think an online calculator is a pretty straight forward device, one that you should be able to place your full confidence in, and for the most part they are. Calculators calculate numbers, the numbers are reliable, but how you interpret those...
by Karen Wotherspoon | Jan 15, 2019 | Blog, Mortgage
Collecting the right documentation to prove you are a worthy candidate to borrow a lot of money to buy a property can be an arduous task. The most recent government rule changes and tightening of mortgage qualification isn’t making things easier. If you seem to...
by Karen Wotherspoon | Jan 9, 2019 | Announcements, Blog, Mortgage
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic expansion continues to moderate, with growth forecast to slow to 3.4 per cent...
by Karen Wotherspoon | Jan 8, 2019 | Blog, Mortgage
Have you ever noticed that just like gas prices, interest rates seem to go up and down for no reason at all? How come it feels like right before you are ready to buy a property, rumours of interest rate changes will start to flood the media? Or why do gas prices...
