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 […]
Divorce & Mortgage – What Can Happen With the Mortgage after Divorce Read More »
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
What Tools Are You Going To Be Offering Clients For Their Mortgages In 2016? Read More »
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
Alberta Housing Starts on the Decline – Is that Good Or Bad? Read More »
Foreclosure rates in Alberta continue to rise as the long term effects of lower oil prices continue to be felt across the west. A recent trip to Ft McMurray highlighted the fact that more people than you think are in financial problem now that oil has settled in around the 40 dollar mark and shows
Foreclosure – How does it work and how can we help? Read More »
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
So what do the New Down Payment Changes Mean to you? Read More »
Over the last few months we’ve received information on where the markets have been for the last few years and where they are going over the next 24 months. Many have pointed out that low rates are here to stay for a while, although I would think not forever, we should comfortably be in the
What’s happening in Canadian Housing Markets? Read More »
It has been a long time since I lived in the inner city, a great place in my youth to live and work. Bustling night life and endless choices to eat but as most do we ended up in the suburbs. No longer desiring the night life or more likely to take a cab down
Inner City or Suburbia? Read More »
Every year that I have been in this industry we have seen an increase in the number of people using mortgage brokers to help them find the best lender for their situation. Part of the reason lies in the fact that the next generation of buyers is coming to the market and that generation has
Why are more and more people using a mortgage broker? Read More »
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
What are the possibility of your mortgage increasing by 500 dollars? Read More »
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
Home Buying Tips — How To Ensure Your Purchase Goes Smoothly Read More »