Mortgage FAQs

Divorce & Mortgage – What Can Happen With the Mortgage after Divorce

When tough times put stress on families sometimes the end result is divorce. While no one ever wants to see this happen sometimes it is inevitable. Lately CMHC changed the rules about how much a house can be refinanced for, they have set the limit at 80% of the property value so that refinances would …

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What Tools Are You Going To Be Offering Clients For Their Mortgages In 2016?

Wow… its 2016 and year is off to yet another interesting start, CMHC and the finance department are trying to reign in the real estate giants that are Vancouver and Toronto. With average prices nearing a million in Vancouver and Toronto market still hot but nowhere near as high as Vancouver where does it all …

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Alberta Housing Starts on the Decline – Is that Good Or Bad?

As some of you may have realized Alberta is in a bit of a slump. Today CMHC released the final results for 2015 and the without a doubt the numbers are down for construction starts in the entire province. This means for many builder and building trades that it may be a long year in …

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So what do the New Down Payment Changes Mean to you?

Recently CMHC and the federal government opted to make an increase in the amount of down payment that Canadians will require to purchase a home. The increase is in steps beginning at 500000 dollars, they left the starter market alone but increased how much the move up market will need for down payment in most …

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What are the possibility of your mortgage increasing by 500 dollars?

Today there is no doubt that we enjoy some of the best mortgage rates in the last 50 years. Yes we are at an all-time low and that means that rates have only one way to go…up. Eight years ago I had a mortgage at a rate of 5.29% and it was painful to watch …

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Home Buying Tips — How To Ensure Your Purchase Goes Smoothly

Buying a home takes some planning and preparation work before you get to the point of actually signing on the dotted line. Making sure what you can qualify for is the first step in making sure things go smoothly. Here’s what you need to have provided your mortgage broker so that he or she can …

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