
Mortgage Options for Older Canadians
Although it’s ideal to have your mortgage paid off by the time you retire, that isn’t always possible in today’s economy. The cost of living is considerably higher than it has ever been, and as a result, many Canadians are putting off retirement, hoping to make just a bit more money to add to that nest egg. So if you find yourself in the position where you’re considering your mortgage options into retirement, you’ve come to the right place. The advantage of working with an in

Residential Market Update
Market commentary With interest rates now on the rise, two perennial questions have popped up again: How much? How fast?
Read more 5 year feature rates High Ratio Insured: Fixed 4.09% or ARM P - 0.90% Rate Option Plus Insured and Insurable: Fixed 4.09% Conventional (up to 80% LTV, 30 year am): Fixed 4.29% or ARM P - 0.50% See rate sheet for details. Residential Mortgage Quarterly Review - Q1 2022 Providing housing market predictions has become tricky over the past couple o

Gardening To-Do List
There are a few things you can do this April to get started on your garden and ensure it is looking its best for the seasons ahead! Work the Soil: Start adding compost and working your soil so it is ready for planting as the weather warms up. Start Sowing: Plant hardy annuals, herbs and wild flower seed outdoors (such as annuals, biennials and perennials) for Spring and early Autumn and vegetable seeds (hardier options include onions, spinach, and lettuces). Get Other Plants

Purchase Plus Home Improvements
When it comes to shopping for your perfect home, it can be hard to find the exact one ready to go! In fact, most homes come with flaws of a sort whether it is old paint or flooring, outdated fixtures or perhaps more extensive repairs are needed. While some buyers have no issues dealing with these deficiencies in a home or perhaps do not consider them deal breakers, other house hunters might.
If you are looking into a home that requires improvements, there is a mortgage produc

Have you had your Mortgage Check-Up?
Spring is a great time to consider doing an annual mortgage check-in! Organizing a quick mortgage review each year can help provide peace of mind and ensure you’re on-track your future goals while still ensuring you’re able to manage the monthly payments.
With interest rates on the rise, a mortgage check-up is a great opportunity to review your current situation and potential options, including taking a look at your current mortgage rates and terms. For instance, perhaps now

Residential Market Update
Market commentary "On housing, I would like to offer one caution — there is no silver bullet which will immediately, once and forever, make every Canadian a homeowner in the neighbourhood where they want to live.” Read more 5 year feature rates High Ratio Insured: Fixed 3.84% or ARM P - 0.90% Rate Option Plus Insured and Insurable: Fixed 3.84% Conventional (up to 80% LTV, 30 year am): Fixed 4.09% or ARM P - 0.55% Assist your clients: Glossary of terms Definitions make it easi

Timing is Everything
On April 10th I was a featured contributor to an article in the Toronto Star titled Timing is Everything. The article discusses selling & buying or buying & selling in this market. The truth is that buying a home when you own one is a lot more complicated than buying your first home. When we meet with clients we discuss the following: Is your current mortgage portable? Under what conditions? What is the rate if you do that? Is it higher or lower than new rates today? Are y

Costs Associated with Buying Property
When calculating if you can afford to purchase a property, don’t just figure out a rough downpayment and quickly move on from there. Several other costs need to be considered when buying a property; these are called your closing costs. Closing costs refer to the things you’ll have to pay for out of your pocket and the amount of money necessary to finalize the purchase of a property. And like most things in life, it pays to plan ahead when it comes to closing costs. Closing co

Understanding a Spousal Buyout Mortgage
If you’re going through or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property and buy out your ex-spouse. If you’re like most people, your property is your most significant asset and is where most of your equity is tied up. If this is the case, it’s possible to structure a new mortgage that allows you to purchase the property from your ex-spouse for up to 95% of the property’s value. Al

The news says rates will go up, does that mean I should lock in?
The bank of Canada (BOC) has 8 pre-scheduled meetings each year where they decide if they want to impact the overnight lending rate (which impacts the BOC prime rate). In 2022 the meetings will occur on these dates: https://www.bankofcanada.ca/2021/07/bank-canada-publishes-its-2022-schedule-policy-interest-rate-announcements-release-monetary-policy-report-other-major-publications/ -----------------------------------------------------------------------------------------------