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Will there be a return of the 30-year amortzation for insured mortgages?

The federal government is considering a return of the 30-year amortization for insured mortgages, up from the 25-year limit now.  This is great news for millennial first-time buyers who are [...]

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Bank of Canada Increase’s Rates

On Wednesday October 24th the Bank of Canada increased it’s benchmark interest rate to 1.75%.  This will affect those who have variable mortgages as most lenders have increased their prime [...]

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VIP Club

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Mortgage Broker or The Bank?

When purchasing, refinancing or renewing your mortgage you may find yourself asking where to go.  A mortgage broker or the bank? Well here is a list of pros and cons so you can figure out your [...]

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CMHC making it easier for self-employed borrowers to qualify

Canada Mortgage and Housing Corp. is making changes so that it’s easier for self-employed borrowers to qualify for a mortgage. Self-employed Canadians are a significant part of our work [...]

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Bank of Canada Increases Rates by 0.25%

The Bank of Canada has increased it’s Overnight Rate  by 0.25%  to 1.5%.  This will affect the variable rates and lower term mortgages.   The longer term fixed-rate products, that are more [...]

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Don’t lock in – Get a lower variable rate instead!

Take advantage of today’s historically low variable rates.  Break your current mortgage & SAVE! Allows you to stay in the game longer! Prime -1.0% OR LOWER available* If you currently [...]

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Mortgage “Stress Test” rate increased

The Bank of Canada has increased it’s qualifying “stress test” rate by 20 basis points to 5.34% from 5.14%.  The “stress test” was put into effect to ensure you can [...]

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Gifting Down Payment to Your Kids

Home prices have increased substantially over the last five years, making it difficult for first time home buyers to save a down payment.  Meanwhile, baby boomers are at a time in their lives [...]

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Mortgage Market Update – 2018 Q1 – Kitchener Waterloo

2017 was an interesting year. We saw the introduction of new mortgage qualifying rules, tighter underwriting, rising mortgage rates, and the rapid increase in home prices, spurring both [...]