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New job opportunities can be exciting!  They typically offer a higher income, and more potential for growth.  But what happens if you’ve purchased a new home and are offered a [...]

Since late in the first quarter of the year, it’s been predicted that the Bank of Canada will be dropping rates this year.  The wait continues however, as the Bank [...]

Since mid-winter, it’s been predicted that the Bank of Canada would be cutting their overnight rate this year.  The market has watched closely ever since, yet here we are in [...]

While the temperature drops, the housing market continues to gain strength. In September, home sales in the GTA were up 22% over the same month in 2018 with 7,825 total [...]

As technology continues to advance, I’m seeing more and more ads for quick mortgage approvals. Sometimes in as little as 60 seconds.  But how accurate is a pre-approval if it [...]

Anytime you replace your current mortgage with a new one you are refinancing. This is not to be confused with switching your mortgage, which is when you are simply transferring [...]

A common goal for many mortgage borrowers is to get their mortgage paid off as soon as they can. Who doesn’t want to be mortgage-free? Pretty much all mortgages come [...]

The most common term length for a mortgage is five years, and this is typically the first option quoted by banks and brokers alike.  But is the five-year term really [...]

Earlier in 2019, it was predicted that we would see a rate drop from the Bank of Canada as late spring. Three scheduled rate announcements later and still no rate [...]

The mortgage industry was watching this morning's scheduled interest rate announcement from the Bank of Canada very closely. Economists were split as to whether we would see a cut, or whether [...]

Over the past 30+ years, people of traditionally come out ahead by choosing a variable rate mortgage, which leads many mortgage professionals to suggest for their clients to always go [...]

Around a year ago, it was widely predicted that we would see 2-3 increases to prime rate in 2019.  Economists did a complete 180 on these predictions in January of [...]

When mortgage regulations changed on November 30, 2016, mortgage borrowers were required to pass a stress test in order to qualify for a mortgage.  This meant that anyone applying for [...]

Back at the start of 2019, the lowest 5-year fixed rate was 3.49%.  The market, however, shifted early February and rates started plummeting and plummeting fast.  Around that time, I [...]

Amortization is something that many mortgage borrowers do not put much thought into.  The ‘standard’ amortization is 25 years, and this is what most mortgages are approved with.   But [...]

It has been predicted from the start of the year that there will be a cut coming to prime rate at some point this summer.  The Bank of Canada had [...]

There are so many options when trying to choose a mortgage that is best for you. The most common question is whether to choose fixed or variable.  However, one that [...]

You have a mortgage renewal coming up in six months, and your bank calls you offering you a ‘special rate’ for renewing your mortgage early. They tell you that this [...]

There has been much anticipation that a cut to prime rate will be coming. In this morning's scheduled rate announcement by the Bank of Canada, they stated that there will [...]

With the gap between 5 and 10 year fixed mortgages narrowing, more and more people are starting to consider 10 year fixed mortgages.  After all, mortgage rates are still quite [...]

One of the most common questions people as me is whether it’s better to take fixed or variable rate mortgage. Many mortgage professionals, along with many borrowers will suggest choosing [...]

The Bank of Canada announced this morning that they will be maintaining their overnight rate, which means there is no increase to prime rate. This is exactly what we were expecting [...]

Clients often tell me that they are only interested in having a mortgage through one of the big banks.  The first question I’ll ask in this situation is simply… ‘Why?’ [...]

One of the most common questions clients ask me each day is whether to go with a fixed, or variable rate mortgage. The correct answer can vary depending on market [...]