Archive for: December 2016

Changes to Canada’s Mortgage Market

Filed under: Mortgage - 22 Dec 2016

THINK OUTSIDE THE BOX:  Because of these changes, households may alter their decision making when borrowing to purchase a house.

The government has changed mortgage requirements several times over the last few years which affects how borrowers qualify for government-backed insured …

Residential Market Commentary – week of December 19, 2016

Filed under: Mortgage - 21 Dec 2016

THINK OUTSIDE THE BOX:  Lots of news this week regarding mortgages and real estate….

Should you pay off your mortgage early?

Filed under: Mortgage - 19 Dec 2016

THINK OUTSIDE THE BOX:  It’s important to come up with both a short-term and a long-term plan for your mortgage, and decide how it fits into your overall financial plan.

On the surface, it’s a no-brainer to pay off your mortgage …

Are you overextending yourself with too big of a mortgage?

Filed under: Mortgage - 14 Dec 2016

THINK OUTSIDE THE BOX:  Our office can have a frank conversation with you to determine a roadmap so that you don’t overextend yourself to get into a home….

Buying a home is a big deal, but going in unprepared can put …

What to consider when comparing mortgages

Filed under: Mortgage - 12 Dec 2016

THINK OUTSIDE THE BOX:  With so many mortgages available on the market today, it’s important to realize the importance of comparing the different types of loans. But how do you know the best way to compare? And what are the …

Q4 2016 Bank Earnings – Mortgage Morsels

Filed under: Mortgage - 12 Dec 2016

THINK OUTSIDE THE BOX:  Another bank earnings season is in the bag. It was a quarter where Canada’s Big 6 banks addressed analysts about the changing regulatory landscape.

There was also a sharper focus on uninsured mortgage portfolios. National Bank analyst Peter Routledge addressed the issue …

Consumer debt and delinquency rates climb in Q3

Filed under: Mortgage - 07 Dec 2016

THINK OUTSIDE THE BOX:  Give yourself a Christmas present that will last all year and get your financial house in order before interest rates increase further…

TORONTO – A new Equifax Canada report says low interest rates and falling oil prices …

TD Bank adjusts rates effective December

Filed under: Mortgage - 05 Dec 2016

THINK OUTSIDE THE BOX:  Consumers will now pay a premium for extended amortizations and purchases of rental properties due to the most recent mortgage rule changes.

Implemented December 1, Toronto-Dominion Bank is now charging an additional 25 basis points to the …