News

October 29, 2024

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

October 23, 2024

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

October 16, 2024

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?

October 7, 2024

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!

September 30, 2024

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

September 23, 2024

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

September 16, 2024

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…

Do You NEED 20% Down for Your Next Home?

September 9, 2024

There’s a common misconception that every home purchase requires a 20% down payment. While it’s ideal to have a larger down payment as you move up the property ladder as you age, the reality is that you can still buy a home with less than 20% down – even if…

Can You Still Get a Mortgage With Bad Credit?

September 4, 2024