Allow me to take you back two weeks ago when Evan Siddall (CMHC’s President & CEO) was testifying before the House of Commons finance committee. You may have heard the media report a couple of things… 1) Housing prices with fall 9 to 18% 2) CMHC may get increase the down payment requirement to 10% [...]
Finally! Canada’s big banks lower their 5-year posted rates from the artificial highs they have been sitting at for months. Higher posted rates serves to bolster Bank profits as consumer choose to liquidate midterm and take advantage of today’s historic low interest rates. But enough about the big Banks… Down from 5.04% yesterday, a [...]
The mortgage market has certainly had its fair share of Government intervention over the years and everyone from the First-time Homebuyer to the buyer looking to move up and even investors looking to provide affordable housing options for renters. It has been a tough couple of years. In looking for solutions, I have noticed [...]
For those Canada homeowners who are looking to save money, a window of opportunity has just opened for those who act quick. You heard us use the term inverted yield curve, but what does it really mean and how can I as a homeowner take advantage of this? Great question! The term inverted yield [...]
The 2019 Federal Budget Really Missed The Mark! Wow! I had time blocked the Liberal Budget Announcement with anticipation of hearing some great news…boy was I disappointed. I was hoping to hear about tax cuts on both the personal and business side to help make Canada competitive yet again…nothing. I was hoping to hear that [...]
Two weeks ago I did a presentation at a Real Estate office to discuss the mortgage Stress Test and what the Government might be looking to do. It’s an election year and our industry association, Mortgage Professionals Canada, has been lobbying hard and advocating on behalf of both the consumer as well as industry members [...]
Homes & Lifestyles Canada, Calgary’s newest show airing on CTV, aims to help people navigate the real estate industry while sharing the best that Calgary has to offer. The weekly show, hosted by veteran real estate agent Kim Hayden, explores all that Calgary and area has to offer, from homes and real estate, to businesses, [...]
When shopping for a mortgage, the majority of consumers ask one question, what is your best rate? True, some ask questions beyond rate, as they should, and today I’m going to help the majority look beyond rate. What if you obtained the lowest possible 5 year fixed rate on day one but two years later [...]
As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from me on the recent Bank of Canada announcement on changes to their Overnight Rate which in most cases impacts your Prime Rate. At 10:00 am EST, Wednesday December [...]
Good morning, As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and here is your personal update from me on the recent Bank of Canada announcement on changes to their Overnight Rate which in most cases impacts your Prime Rate. At 10:00 am EST, Wednesday [...]
