Talk to Tim at 403-648-1541

Blog

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...

CMHC Increases Mortgage Insurance Premiums

Canada Mortgage and Housing Corp makes changes to decrease taxpayer involvement in Canadian Mortgage Insurance Market The Canada Mortgage and Housing Corp. (CMHC) recently announced last month that their stake of the mortgage insurance business has dropped to about...

Mortgage Brokers Increase Their Market Share

Calgary Mortgage Broker, Tim Lacroix, Explains Results Found in CMHC Survey The mortgage broker industry has recently increased its market share per the Canada Mortgage and Housing Corporation’s (CMHC) annual mortgage survey findings. The CMHC’s consumer mortgage...

New to Canada and Need a Mortgage Approval?

Calgary Mortgage Broker Tim Lacroix Can Help! Canada has so much to offer its residents with a wonderful quality of life and a beautiful landscape. If you are new to the country, one of your next steps could likely be purchasing a home for you and your family. As one...

New Mortgage Rules For Canada

On Monday October 4th, Canada’s Federal Finance Minister Bill Morneau has blind sided not only the Real Estate, Mortgage Industry and consumers. . . it appears that other stakeholders were surprised at the announcement too (it appears that. .

Calgary’s Best 5-Year Variable-Rate Mortgage

What’s the best five-year variable rate mortgage in Calgary? In our lifetime, there will likely only be a few times Canadian mortgage rates drop as low as they are today. The most recent was in the recession of 2009. The best mortgage rate you can get in Canada is a...