Bank of Canada

You may have heard The Bank of Canada has decided to keep it’s interest rate at one percent for the 17th consecutive time today. What does this mean for you?   The BOC (Bank of Canada) has control of the overnight rate, which determines the interest rate...

Mortgage Loan Insurance

What is Mortgage Loan Insurance? Mortgage loan insurance is required by lenders when homebuyers make a down payment of less than 20% of the purchase price. The mortgage insurance protects the lenders in case of default but allows homebuyers to get in with a lower down...

Importance of a Pre-Approval

  One of the first things you should do when you decide to buy a home, even before you start your search, is talk to a Mortgage Broker. Here’s why: With a pre-approved mortgage, you’ll have a better idea how much you can borrow, how much home you can afford and...