CANADIAN HOME SALES AND NEW LISTINGS RECOVER ONE-THIRD OF PANDEMIC LOSS IN MAY Record Gains in Canadian Home Sales and Listings in May There was good news today on the housing front. Home sales surged by a record 56.9% in May from April’s unprecedented collapse. Data released this morning from the Canadian Real Estate Association […]

TD LOWERS QUALIFYING MORTGAGE RATE 35 BPS TO 4.99% TD LOWERS POSTED MORTGAGE RATE TO 4.99% Market interest rates have fallen sharply since the coronavirus-led investor flight to the safety of government bonds. The 5-year government bond yield–a harbinger of conventional mortgage rates–now stands at 1.34%, down sharply from the 1.60+% range it was trading […]

INTEREST RATES PLUNGE ON CORONAVIRUS NEWS; BOC BUYS 10-YEAR CMBS; FTHBI PLAN FLOPS Canadian 5-year Yield Fell To Lowest Level Since October Global investors are selling stocks and piling into the safety of bonds in response to fears that the Wuhan coronavirus could disrupt global economic activity. Gold prices, another haven, have also risen. The Government of […]

We are Starting to see Some Trends in the Right Direction!! NOVEMBER DATA CONFIRM CANADIAN HOUSING REBOUND Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the ninth consecutive month and now stands a full 20% above the six-year low reached in February 2019. While the chart […]

HOW TO VERIFY YOUR DOWN PAYMENT WHEN BUYING A HOME Saving for a down payment is one of the biggest challenges facing people wanting to buy their first home. To fulfill the conditions of your mortgage approval, it’s all about what you can prove (hard to believe – but some people have lied in the […]

DO YOU KNOW THE DIFFERENCE IN PAYMENT FREQUENCY? One of the decisions you will need to make before your new mortgage is set up, is what kind of payment frequency you would like to have. For many, sticking to a monthly payment is the default, however, different frequencies may end up saving you less interest […]

Having troubles purchasing your first home? 5 REASONS YOU MAY WANT TO CONSIDER A RENT TO OWN PROPERTY With the real estate market continuing to hold steady, many young families are looking for other options to afford a home. Many millennial families still are holding onto the dream of owning a detached home or their own […]

Have you ever wondered how Principal and Interest works? PRINCIPAL & INTEREST Principal and interest are the two components that make up a mortgage payment. Principal is the portion of your payment that goes towards paying down the outstanding balance of your mortgage. Interest is the other portion of your payment which goes directly into […]

Saving for Retirement? Build A Real Estate Portfolio to help you life the Wonder Years. BUILDING A REAL ESTATE PORTFOLIO More and more Canadians do not have a defined benefits pension plan. Companies are moving away from this model due to the expense of maintaining enough in the fund to pay out until the employee […]

Are you thinking of Co-signing on a Mortgage? Before signing on the dotted line read this. 6 THINGS ALL CO-SIGNORS SHOULD CONSIDER Co-signing on a loan may seem like an easy way to help a loved one (child, family member, friend, etc. ) live out their dream of owning a home. In today’s market conditions, […]