Mortgage Blog

5 Things NOT to do When Selling Your Home

March 16, 2023 | Posted by: Justin Emilio

The process of selling a residential property can be time-consuming and emotionally involving, especially if it is your first sale. While your home's curb appeal influences a prospective buyer's poten ...

Bank of Canada Rate Update March 8, 2023

March 8, 2023 | Posted by: Justin Emilio

Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at ...

The Bank of Canada Holds Rates Steady Even As the Fed Promises to Push Higher

March 8, 2023 | Posted by: Justin Emilio

As expected, the central bank held the overnight rate at 4.5%, ending, for now, the eight consecutive rate increases over the past year. The Bank is also continuing its policy of quantitative tighteni ...

Selling Your Home in the Winter: How You Can Make the Most of It

March 5, 2023 | Posted by: Justin Emilio

Selling your home in the winter can be a challenging task, but it can also be an opportunity to stand out in a crowded market. With fewer houses on the market and motivated buyers who are eager to mov ...

What is a HELOC?

March 2, 2023 | Posted by: Justin Emilio

In its simplest form, a HELOC works somewhat like a credit card. You can borrow money up to a certain credit limit set by your lender and then pay back the borrowed amounts along with interest. This o ...

When's The Best Time To Review Your Mortgage?

March 2, 2023 | Posted by: Justin Emilio

Trick question - it’s always a good time.If you are like most Canadian homeowners, then you likely set yourself up when you bought your home and really haven’t really considered your mortg ...

Title insurance and home insurance–protect what matters most

February 27, 2023 | Posted by: Justin Emilio

When something goes wrong with your home and you suffer a loss, you need to be able to rely on your insurance coverage. Knowing which of your insurance policies to turn to isn't always easy. Title ins ...

How To Keep Your Credit Score Sparkling?

February 2, 2023 | Posted by: Justin Emilio

How To Keep Your Credit Score Sparkling?When it comes to purchasing a home, your credit score plays a significant role in the interest rate you may qualify for.Maybe you’re simply looking for wa ...

It’s Too Late for a 5-year Fixed

February 2, 2023 | Posted by: Justin Emilio

For most people, the bond market doesn’t make the best cocktail party conversation. But if you’re shopping for a mortgage, knowing something about it can pay off.The bond market sees thing ...

Grow your wealth in real estate with the BRRRR strategy.

February 2, 2023 | Posted by: Justin Emilio

BRRRR. It is cold in here - but I didn’t actually come here to talk about the weather at all.If you want to get serious about your growth in real estate this year then you may ...

Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening

January 25, 2023 | Posted by: Justin Emilio

The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening ...

Bank of Canada raises policy rate by 25 bps to 4.5%

January 25, 2023 | Posted by: Justin Emilio

As expected, the Bank of Canada--satisfied with the sharp decline in recent inflation pressure--raised the policy rate by only 25 bps to 4.5%. Forecasting that inflation will return to roughly 3.0% la ...

Before you lock in your variable rate

January 20, 2023 | Posted by: Justin Emilio

In times of economic uncertainty, when interest rates trend upward, we tend to see a significant push of variable rate holders looking to lock into a fixed rate term.Of course, the security of knowing ...

Budgeting for the Year Ahead

January 17, 2023 | Posted by: Justin Emilio

With the recent inflation and rising prices occurring across the country, it is time to take control of your finances. One of the quickest ways to understand where your money is going and where you ca ...

Alternative Lending

January 17, 2023 | Posted by: Justin Emilio

When traditional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative!If you&r ...

Should You Spend the Full Mortgage Amount You're Approved For?

December 28, 2022 | Posted by: Justin Emilio

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...

The Pros and Cons of Fixed vs. Variable Mortgages

December 8, 2022 | Posted by: Justin Emilio

When it comes to choosing a mortgage, borrowers in Canada have two main options: a fixed rate mortgage or a variable mortgage. But which type is best for you? Here, we'll take a look at the pros and c ...

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

December 7, 2022 | Posted by: Justin Emilio

The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening ...

The Bank of Canada Hiked Rates The Full 50 bps

December 7, 2022 | Posted by: Justin Emilio

The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 50 basis points today to 4.25% and signalled that the Council would 'consider whether the policy interest ...

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

December 7, 2022 | Posted by: Justin Emilio

The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quant ...

Enjoying a Debt-Free Holiday

December 5, 2022 | Posted by: Justin Emilio

The holidays are coming up! As much as these celebrations bring us joy and harmony, they can also bring us stress. This is particularly true when it comes to your finances!However, don’t lose ho ...

How Not to be House Poor

December 5, 2022 | Posted by: Justin Emilio

Having the biggest and best home on the block sounds great – but not if it is at the expense of your life and monthly finances!Be smart about your budget and avoid buying a home at the very top ...

Job Loss and Your Mortgage Application

December 5, 2022 | Posted by: Justin Emilio

When it comes to your mortgage application, there are a few things that you should avoid doing while you’re waiting for approval – such as making large purchases (i.e. a new car), applying ...

10 Things to Know About the Offer Process

November 30, 2022 | Posted by: Justin Emilio

10 Things to Know About the Offer Process Before making an offer on your dream house, here are the ten things you need to know about buying real estate to ensure your offer is solid. Buying real e ...

A Six-Step, Back to Basics Financial Plan for Most Every Canadian

November 21, 2022 | Posted by: Justin Emilio

It's a tough time to know what the right financial move is at the moment. Interest rates are increasing, while stocks are in bearish territory. It's easy to forget that there are smart things that you ...

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