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Mortgage Matters

Tighter rules coming

Jul 29, 2017 / 11:00 am

Last week, The Office of the Superintendent of Financial Institutions (OSFI) proposed a further tightening of mortgage underwriting guidelines for all lenders...

Rising interest rates

Jul 15, 2017 / 11:00 am

The Bank of Canada increased the overnight lending rate by 0.25 per cent on Wednesday. The overnight rate determines what rate banks lend money to each other...

Investing in real estate

Jul 1, 2017 / 11:00 am

Buying and investing in real estate has always been attractive for those looking to generate additional income and benefit from the wealth created with...

Online discount brokers

Jun 17, 2017 / 11:00 am

Discount mortgage broker rate sites have been making an appearance online during the past few years. While these rate sites and discount mortgage brokers appear...

First-time homebuyer tips

Jun 3, 2017 / 11:00 am

If you are a first-time home buyer, then buying your first home is an exciting time, but it can also be stressful and you will have lots of questions: What...

Is your mortgage portable?

May 20, 2017 / 11:00 am

Are you thinking about moving up or perhaps downsizing? If so, there are several things you should consider regarding your financing for planning the move. You...

Buying a former grow-op

May 6, 2017 / 11:00 am

Few communities in Canada have escaped having a grow op found in their midst. Here are a few things you should know if you are considering the purchase of...

Plans that save you money

Apr 22, 2017 / 11:00 am

This is a busy time in the real estate market, and both the federal and provincial government offer resources, grants and rebates for new and current home...

4 things that can go wrong

Mar 25, 2017 / 11:00 am

Here are four things that can derail your mortgage financing even if you’ve been pre-approved by your bank or a mortgage broker. If you can avoid these...

Buying In a seller's market

Mar 11, 2017 / 11:00 am

The most recent stats from OMREB (Okanagan Mainline Real Estate Board) confirm that there is low inventory to choose from for those hoping to buy a home. This...

Mortgage renewal checklist

Feb 25, 2017 / 11:00 am

Here are nine things to consider before your mortgage renews: Have you explored all your options? Once you receive your mortgage renewal statement,...

Home buyers' plan

Feb 11, 2017 / 11:00 am

Are you considering purchasing your first home this year? If so, before March 1 could be the best time to implement this strategy, if you are thinking about...

Want to reno your home?

Jan 28, 2017 / 11:00 am

Are you living with a 1980s style bathroom? Carpet on the floor cracked tiles leaky shower old bathtub Would you love to upgrade your kitchen or add a new...

Get approval to house hunt

Jan 14, 2017 / 11:00 am

Why get pre-approved before house hunting? Before you fall in love with a home, you should know if it’s within your financial reach. The first person you...

Is it time to consolidate?

Dec 31, 2016 / 6:00 am

A recent report from Equifax Canada has concluded that consumer debt is on the rise in Canada with the highest increase being in auto loans and then credit-card...

A year of mortgage changes

Dec 17, 2016 / 11:00 am

2016 has definitely been a year of changes in the mortgage industry. These changes have heads spinning as we try to understand what these changes mean for the...

Tax affects homeowners

Dec 3, 2016 / 11:00 am

Along with the new mortgage rule changes for qualifying that were introduced in early October, the minister of finance also announced tax changes that will...

Mortgage rates rising

Nov 19, 2016 / 6:00 am

Over this past week, we have seen an increase in fixed-term mortgage rates at many lenders. Most banks, including the Royal Bank, TD Canada Trust and...

More mortgage changes

Nov 5, 2016 / 11:00 am

Most are now aware of the insured mortgage rule changes that came into effect on Oct. 17, which essentially reduces your buying power if you require an insured...

Mortgage rules changed

Oct 22, 2016 / 11:00 am

The new federal mortgage rules came into effect on Oct.17. Here’s a brief rundown of the changes and how they might potentially affect your mortgage...

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