Property owners refinance their homes and commercial properties all the time. As your credit improves and you have built more equity into the property, it may make fiscal sense to refinance when interest rates dip low; the move can save you hundreds of dollars every year. On the other hand, sometimes refinancing a mortgage may...Read More

How do Reverse Mortgages Affect Canadian Heirs? For Canadian seniors, there is a great way to get the most out of the equity in their homes. Home prices tend to rise, and equity builds in the property. Homeowners can use their equity by accessing various types of home equity loans like home equity lines of...Read More

Mortgage Life After Separation and Divorce Separation and divorce present many challenges. It’s a situation you likely never thought you’d never be in, but now there are personal and financial consequences to handle. Most notably, one of the most significant challenges is dealing with a separation and divorce mortgage matter. Who gets the house? Should...Read More

When most people want to buy a home, they get a list of local banks and mortgage companies to start comparing the available financing options. However, the truth is that not everyone with a dream of owning a home qualifies for a traditional mortgage from these institutions. The good news is that there are private...Read More

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of � percent, with the Bank Rate at � percent and the deposit rate at � percent. The Bank...Read More

Home prices may be astronomical in certain parts of the country, but historically low mortgage rates are allowing borrowers to pay off their mortgages faster than ever. At today’s average rates, 61% of a new homebuyer’s very first mortgage payment is going towards principal repayment, according to data from Edge Realty Analytics. In the early...Read More

Today, the real estate market is competitive and homebuyers need all the help they can get to secure their home at the right price. Once you find the right property, presenting a compelling offer might be the difference in getting your dream home. However, it is a common misconception that a ‘mortgage pre-approval’ will guarantee...Read More

Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program  The Bank of Canada today held its target for the overnight rate at the effective lower bound of � percent, with the Bank Rate at � percent and the deposit rate at � percent. The Bank is maintaining its extraordinary forward guidance...Read More

Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program  The Bank of Canada today held its target for the overnight rate at the effective lower bound of � percent, with the Bank Rate at � percent and the deposit rate at � percent. The Bank is maintaining its extraordinary forward guidance...Read More

When you make a deal to buy a home, in addition to thinking about how much money to provide, you likewise need to think about any conditions that you want to include. Some common conditions deal with home evaluations, the sale of another home, or insurance coverage. But potentially the most crucial condition deals with...Read More