You have likely heard already that more and more Canadians are buying a 2nd home or vacation property. This buying […]

Is it time for me to be buying my first home? There are many reasons people consider becoming a home […]

In the past month, Canada 5 Year Government Bond yields went from a low of .78 up to high of 1.09 as of Sept. 28th. Most of that happened in the last week. That's a pretty significant move. These yields are what mortgage lenders in Canada base their fixed rate residential mortgage rates off of. In response to these increases, many of our lenders have already bumped up their 5-year fixed rates accordingly. For example, last week we had many lenders offering 1.89% for a standard high ratio full featured 5 year fixed rate mortgage. Today many of those same lenders are now in the 2.19-2.24% range.

If you are wondering how to purchase a rental property you will most likely need a mortgage to finance it. The process for getting approved for a rental property mortgage is quite a bit different than purchasing a residence so here are a few key things to keep in mind from the very beginning.

Should I get a cash back mortgage? In past years I’ve almost advised mortgage clients against it. Today’s cash back […]

CREDIT BASICS What is a credit report? How do credit ratings work? We hear this question a lot. A credit […]