Mortgage Tips: Understanding Types of Mortgages

Posted On Oct 04, 2023

There are four main types of mortgage transactions and not all are created equal. Each offers slightly different rates and terms.PURCHASE: A mortgage used to finance a residential property, such as a house or condo. REFINANCE/EQUITY TAKE-OUT:...

Mortgage Tips: Impacts of Inflation

Posted On Sep 26, 2023

A quick update on the mortgage market:- Core inflation continues to rise, causing pressure to increase fixed and variable rates- Home inventory is rising but sales are dropping, which could lead to price reductions- Bank of Canada is expected to...

Mortgage Tips: Buyer Beware - Condition Free Purchase Offers

Posted On Sep 18, 2023

When it comes to purchasing a home, most offers include “conditions” (or “subjects” if you are in the provinces of British Columbia or Manitoba), which are requirements or criteria to be met before the sale can be finalized and the property...

Mortgage Tips: Unlock savings with Accelerated Mortgage Payments!

Posted On Sep 12, 2023

When it comes to structuring your mortgage, you have options for payment frequency: Monthly, Semi-Monthly, Biweekly, Weekly, or the game-changer - Accelerated payments.While there's a common belief that bi-weekly payments are the best money...

Mortgage Tips: Unlock savings with Accelerated Mortgage Payments!

Posted On Sep 12, 2023

When it comes to structuring your mortgage, you have options for payment frequency: Monthly, Semi-Monthly, Biweekly, Weekly, or the game-changer - Accelerated payments.While there's a common belief that bi-weekly payments are the best money...

BREAKING NEWS: Bank of Canada held its overnight rate at 5.00%

Posted On Sep 06, 2023

Good news! The Bank of Canada has left its overnight target rate unchanged at 5.00%, as was widely expected by markets.  The overnight rate is directly correlated with financial institutions Prime Rate, which impacts variable rate mortgages and...