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New information released regarding first-time home buyer incentive

Key details regarding the first-time home buyer incentive, launching September 2nd, have been released.  Under this program the government will offer assistance to first-time buyers in the form [...]

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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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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 [...]