Archive for: March 2016

2016 Federal Budget Lock-Up

Filed under: Mortgage - 23 Mar 2016

THINK OUTSIDE THE BOX:  The following are a few highlights that specifically affect the mortgage and housing sectors​ from Finance Minister Morneau’s newly announced 2016 budget.

Finance Minister Morneau’s budget includes many new infrastructure spending initiatives that will support our economy and help continue …

American buyers eye Canmore homes

Filed under: Mortgage - 21 Mar 2016

THINK OUTSIDE THE BOX:  Real estate in Canmore is gaining in popularity with those south of the border as the exchange rate, low interest rates and easing prices make the area more attractive.

Some locals have expressed concern that American buyers …

Money laundering risk for Vancouver real estate

Filed under: Mortgage - 21 Mar 2016

THINK OUTSIDE THE BOX:  For mortgage financing, the source of the funds being used for down payment is required, along with a 90 day history of the funds.  In addition to other policies/guidelines in place, banks also require a form to be …

Drawing conclusions: How much does it cost to break a mortgage

Filed under: Mortgage - 15 Mar 2016

THINK OUTSIDE THE BOX:  Paying out a mortgage prior to your renewal date can be very expensive.  Click here to watch a two minute video to help explain the differences in penalty calculations….all the more reason to speak with your mortgage …

Bank mortgage practices top list of most complaints

Filed under: Mortgage - 14 Mar 2016

THINK OUTSIDE THE BOX:  Speak with your mortgage broker to ensure you have all the information you need to make an educated decision when obtaining a mortgage.

Prepayment penalties for mortgages are one the most complained about issues among Canadian banks, …

BoC will consider interest rates this week

Filed under: Mortgage - 07 Mar 2016

THINK OUTSIDE THE BOX:  The economy has improved since the start of the year….will the Bank of Canada hold or cut rates this week?

Uncertainty has become the only real certainty in the economy in recent months and that extends to …

Mortgage Fraud Awareness and Prevention

Filed under: Mortgage - 07 Mar 2016

THINK OUTSIDE THE BOX: There has been some negativity in the media lately about fraudulent activity primarily in Ontario with regards to mortgages and investments.  As it’s fraud prevention month we thought it prudent to share the following article.

Mortgage fraud is a …