by Karen Wotherspoon | Jul 25, 2017 | Blog, Homeownership
Housing affordability questions have placed homeownership and public policy near the top of the national agenda, as mortgage brokers know. Most of the commentary has been focused on the extent to which government policy, particularly with regards to supply, is...
by Karen Wotherspoon | Jul 12, 2017 | Announcements, Blog, Mortgage
The following is the latest Bank of Canada rate announcement, if you have any questions about what this rate increase means for you and your mortgage, please don’t hesitate to contact me anytime. If you’re a fixed rate mortgage holder, this change...
by Karen Wotherspoon | Jul 4, 2017 | Blog, Economy
Here is the latest economic update from Verico’s economist Michael Campbell. I think that anyone working in the real estate industry can be forgiven for waking up in a cold sweat muttering what Ronald Regan called the 9 scariest words in the English language:...
by Karen Wotherspoon | Jun 27, 2017 | Blog, Economy, Guest Post
Recently, the Bank of Canada released its semi-annual Financial Systems Review (PDF document), which identifies some of the major risks that the Bank foresees on the economic horizon. Unsurprisingly, the Bank pinpoints increased levels of Canadian household debt and...
by Karen Wotherspoon | Jun 20, 2017 | Blog, Homeownership
Often times it’s the simple math that will betray you when selling a property. In your head you do quick calculations, you take what you think your property will sell for and then subtract what you owe on your mortgage, and the rest is your profit! Well…...
by Karen Wotherspoon | Jun 13, 2017 | Blog, Finance, Mortgage
If you are looking to purchase a property in the next while, you probably already know that you need at least 5% of the purchase price as a downpayment. Saving a bigger downpayment, let’s say 10%, certainly increases your chances of securing financing. While...
by Karen Wotherspoon | Jun 6, 2017 | Blog, Finance
This article was written by Sandi Martin of Spring Personal Finance and was originally published here on Spring The Blog on Oct. 27th 2015. Does This Sound Familiar? You’ve read a book or a blog series or watched a show about budgeting and getting your money under...
by Karen Wotherspoon | May 30, 2017 | Blog, Guest Post
Is the government being reckless and irresponsible or will rates be this low forever? Here’s a great article that compares the recent changes to mortgage qualifications imposed on Canadians (what the government says) and the government’s own borrowing...
by Karen Wotherspoon | May 24, 2017 | Announcements, Blog, Mortgage
The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Inflation is broadly in line with the Bank’s projection in its April Monetary Policy Report (MPR)....
by Karen Wotherspoon | May 2, 2017 | Blog, Homeownership
A child’s imagination is certainly something to behold. From pillow forts that double as outlying starbases, to walks in the forest that double as adventures travelling up and over the world’s tallest peaks, this gift that children possess- that of finding joy (not to...
