News

How Refinancing Can Help with High-Interest Consumer Debt

November 8, 2024

How can refinancing help with high-interest consumer debt? The current economy has stretched a lot of budgets, with inflation driving up the costs of everyday essentials. I’m seeing more and more families weighed down by consumer debt – credit cards with tens of thousands in balances, and lines of credit…

How the US Election Affects Canadian Mortgage Rates

Jason Scott

November 6, 2024

Mortgages, Purchasing a new home

With Donald Trump elected as the new president in the US election yesterday, mortgage rates here in Canada have already been affected. What’s happening and what it could mean for your mortgage choices? Take a look. Why Are Fixed Rates Going Up After the US Election? The U.S. election has…

Métis Down Payment Grant: How to Qualify for $20,000

Jason Scott

November 5, 2024

Mortgages, Purchasing a new home

Great news for Métis homebuyers in Alberta! The Métis down payment grant, which had been paused, is now available again, offering up to $20,000 in down payment assistance. If you’re eligible, this program can make a big difference in achieving your homeownership goals. Here’s what you need to know about…

How U.S. Rate Cuts Impact Canada’s Mortgage Market

Jason Scott

October 29, 2024

Mortgages, Purchasing a new home

The U.S. Federal Reserve made a big move, cutting their key lending rate by 0.5%. That’s a significant cut, signalling that their economy is slowing down. This shift will likely ripple into Canada – here’s how it might affect your mortgage decisions. What U.S. Rate Cuts Means for Canada In…

What the Bank of Canada Announcement Really Means

Jason Scott

October 23, 2024

Mortgages, Purchasing a new home

In a surprising move, the Bank of Canada announced a 0.5% rate cut today. Typically, these rate adjustments come in 0.25% increments, so when we see a cut this big, it’s usually a signal that something big is happening in the economy. But what does this mean for you as…

Divorce and Your Mortgage: Why a Separation Agreement Matters

Jason Scott

October 16, 2024

Mortgages, Purchasing a new home

No one enters a marriage expecting to separate or divorce, but it happens – and when it does, one of the big questions that arises is: What do we do with the house? Whether one person keeps the home or you both decide to sell it and buy new houses,…

Variable VS Fixed Mortgage Rates – Which Should You Choose?

Jason Scott

October 7, 2024

Mortgages, Purchasing a new home

As interest rates have fallen consistently over the last few months, many homeowners and buyers ask an important question: should I choose a fixed or variable rate mortgage? Let’s break down what’s driving these rate changes and what you should consider when making your decision. Why Are Interest Rates Falling?…

New Rules for Canadian Mortgage Amortizations!

Jason Scott

September 30, 2024

Mortgages

There is big news for Canadian homebuyers: the federal government has expanded access to the 30-year amortization for those putting down less than 20%. Previously, the longer amortization option was only available to first-time buyers purchasing newly built homes. Now, the rules are more accessible – read on or watch…

What Canada’s Higher Insured Mortgage Limits Mean for You

Jason Scott

September 23, 2024

Mortgages

The Canadian government has announced big news regarding first-time homebuyers and insurance limits. This announcement may impact your ability to purchase a home with less than a 20% down payment. Higher Maximum Purchase Price for Low Down Payments The federal government increased the maximum purchase price for homes that qualify…

How a Legal Basement Suite Can Help You Qualify for a Mortgage

Jason Scott

September 16, 2024

Mortgages

These days, many people look for creative ways to qualify for their mortgage, and one popular strategy is to buy a home with a legal basement suite. Whether it’s a new home or an existing property, having a legal suite can make a big difference when it comes to qualifying…

News

How Refinancing Can Help with High-Interest Consumer Debt

How the US Election Affects Canadian Mortgage Rates

Métis Down Payment Grant: How to Qualify for $20,000

How U.S. Rate Cuts Impact Canada’s Mortgage Market

What the Bank of Canada Announcement Really Means

Divorce and Your Mortgage: Why a Separation Agreement Matters

Variable VS Fixed Mortgage Rates – Which Should You Choose?

New Rules for Canadian Mortgage Amortizations!

What Canada’s Higher Insured Mortgage Limits Mean for You

How a Legal Basement Suite Can Help You Qualify for a Mortgage

Categories

Recent Posts

Contact Info

Get Social