Mortgage Deferrals + Ten Tips

Mortgage Deferrals + Ten Tips

We hope you and your family are enjoying good health and finding some measure of happiness in this strange spring. Certainly, many are feeling the financial pressures mount as we work together to conquer this pandemic. The good news is there are strategies that can...
Important Update

Important Update

To say the last couple of weeks have been chaotic, would be an understatement. It’s an unsettling time for most people and we are all trying to navigate through with the best of our knowledge and ability. In the mortgage world we have also had some big changes. I...
Breaking News: Bank of Canada drops key rate another 50 basis points

Breaking News: Bank of Canada drops key rate another 50 basis points

BREAKING NEWS: The Bank of Canada drops the key rate another 50 basis points (0.5%)! This is unprecedented territory for interest rates. In at least 10 years, the BoC has never lowered it’s rate twice in the same month and definitely never for a total of 1%. For home...
Closing Cost

Closing Cost

It’s important to remember that when you go to purchase an owner occupied home that the minimum down payment is 5%. However the mortgage lender likes to see that you have 1.5% of the purchase price for closing fees. What do closing fee’s consist of?  1)...
The Lowdown on Downpayments

The Lowdown on Downpayments

We get questions about downpayment all the time! So here is the lowdown on how much you need, and how you might get it. How much do you need? Not surprisingly, most Canadian homebuyers purchase a property with the absolute minimum downpayment. The thing is, the...