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Canada’s New Mortgage Rules 2018

It’s been a year since the Minister of Finance made the previous rule changes (Oct 2016) to home purchases for down payments that were less than 20%. These purchases required stress testing and to be able to debt-service at the Bank of Canada benchmark rate (which is...

A Guide To Organizing Your Finances

Have you thought about Financial Spring Cleaning? Take a minute to go through this guide and get your finances set up for the year. This guide is also great for any young adults just starting out on their own who need a hand…

How Will the New Mortgage Rules Affect You?

It’s been about 2 months since the Department of Finance (DOF) announced some mortgage rule changes. Some of the rule changes I would agree as being prudent, but others just seem unnecessary in my view. I’m concerned for young families who may now have a harder time achieving their dream of home ownership. This is not a short…

The Bank Of Canada Rate Drop

What Does It Really Mean? The economy is a bit crazy right now. The oil prices and shift in leadership has created an atmosphere of concern and uncertainty. People are differing key financial decisions in lieu of the unknown. I believe that with access to the right...

From Homeowner To Landlords CMHC Makes It Easier

The economy is in flux. Now, more than ever, lenders and insurers are being very careful with mortgage approvals. Concurrently, there is a growing need for young and low income families to have access to affordable housing. To qualify for home ownership, to make it...

Top 10 Factors That Affect Your Mortgage Rate

60% of Canadian home owners have a mortgage. Yet few really understand the factors that are involved in deciding their mortgage rate. Getting the best rate is important. On a $500 000 mortgage a +/-0.0025% mortgage rate difference can result in a $20 000 cost/savings...