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 [...]
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 [...]
Just as the majority of experts were calling for, the Bank of Canada increased their overnight rate by a ¼%, which should affect your variable rate mortgage by the same. The Bank of Canada is [...]
When applying for a mortgage, you will need: A copy of the accepted Offer To Purchase An income letter from your employer stating length of employment, position, and annual income. If you are [...]
Talk with your Mortgage Centre specialist to review your current income and expenses. We’ll help you understand how to take into account how your new mortgage may change your monthly [...]
