FIRST FORMAL REMARKS BY TIFF MACKLEM, BANK OF CANADA GOVERNOR There were no surprises this morning from Governor Macklem’s virtual presentation to the Canadian Clubs of Canada. His opening written statement was quite brief and it was followed up with a Q and A. Here are the key points that he emphasized. Negative interest rates are […]

CANADIAN HOME SALES AND NEW LISTINGS RECOVER ONE-THIRD OF PANDEMIC LOSS IN MAY Record Gains in Canadian Home Sales and Listings in May There was good news today on the housing front. Home sales surged by a record 56.9% in May from April’s unprecedented collapse. Data released this morning from the Canadian Real Estate Association […]

TOP 5 THINGS MILLENNIALS SHOULD KNOW WHEN BUYING REAL ESTATE There are 9 million Millennials in Canada, representing more than 25 percent of the population. Born between 1980 and 1999, the eldest are in the early stages of their careers, forming households and buying their first homes. Buying a home is a daunting process for […]

4 WAYS TO MAKE THE MORTGAGE PROCESS SMOOTHER Mortgages are complicated—we get it! But there are steps that you as a homebuyer can take to make the process a much smoother one (plus let you walk away with the sharpest rate!) 1. Use a Broker This should be the first step you take when getting […]

6 THINGS ALL CO-SIGNORS SHOULD CONSIDER Co-signing on a loan may seem like an easy way to help a loved one (child, family member, friend, etc. ) live out their dream of owning a home. In today’s market conditions, a co-signor can offer a solution to overcome the high market prices and stress testing measure. […]

LOCKDOWNS HIT CANADIAN Q1 GDP Near-Record Decline in Q1 GDP Better Than Flash Estimate The hand-wringing about the Q1 GDP data released today misses the point that the data were actually better than expected. The Canadian economy declined at an 8.2% annualized rate in the first quarter, less harsh than the earlier estimate by StatsCan of -10%. […]

Interested to know how to improve your credit score? You need to read this article. CREDIT REPORTS: YOU’VE SCORED! BUT ARE YOU PLAYING THE GAME? For most people, your personal credit score and how a credit score is calculated are complete mysteries. How can you be expected to play and be successful if you aren’t […]

Do you want to know how much principal and interest you pay every month for your mortgage? Then this article is for you to read. PRINCIPAL & INTEREST Principal and interest are the two components that make up a mortgage payment. Principal is the portion of your payment that goes towards paying down the outstanding […]

Very useful article if you are about to purchase your first home. 5 MISTAKES FIRST TIME HOME BUYERS MAKE Buying a home might just be the biggest purchase of your life—it’s important to do your homework before jumping in! We have outlined the 5 mistakes First Time Home Buyers commonly make, and how you can […]

Are you still thinking about why to consult with the mortgage broker before renewal? Read this article and decide for yourself. MORTGAGE RENEWALS WITH THE SAME LENDER ARE ON THE RISE, BUT SHOULD YOU JUST SIGN ON THE DOTTED LINE? If you’re in a mortgage that’s coming up for renewal in the coming months and […]