Pekoe Mortgages Receives Canada’s Best Award
Seeking a Mortgage Broker in Kitchener? Dive into the world of Pekoe Mortgages. Explore how our services can help you secure the perfect home loan.
New Rules Impacting Home Equity Lines of Credit in Canada Effective October 31, 2023
Introduction Canada is set to implement new rules that will have a significant impact on Home Equity Lines of Credit (HELOCs) starting from October 31, 2023. These changes are being introduced to address concerns related to household debt and ensure the financial stability of Canadian homeowners. In this blog post, we will delve into the […]
The Canmore, Alberta Mortgage Maze: How a Broker Simplifies Your Journey
Navigating the world of mortgages in Canmore, Alberta can feel like wandering through a complex maze. With so many lenders, interest rates, and mortgage types to consider, finding the right home loan can be a daunting task. Fortunately, there’s a secret weapon that simplifies this journey – a professional mortgage broker. In this blog post, […]
The Kitchener Mortgage Maze: How a Broker Simplifies Your Journey
Navigating the world of mortgages in Kitchener can feel like wandering through a complex maze. With so many lenders, interest rates, and mortgage types to consider, finding the right home loan can be a daunting task. Fortunately, there’s a secret weapon that simplifies this journey – a professional mortgage broker. In this blog post, we’ll […]
Why Title Insurance is a Must-Have for Homeowners
As a homeowner, it’s important to protect your investment in your property. Title insurance is a type of insurance that safeguards homeowners from financial loss due to issues with the ownership of their home. In this post, we’ll explore the benefits of title insurance and why it’s a must-have for any homeowner.
Today’s Stress Test Announcement
OSFI Keeps the Stress Test as-is for uninsured mortgages The government arm that is responsible for the mandatory stress test or ‘mortgage qualifying rate’ has decided earlier today to maintain the stress test at its current level as it has a ‘sufficient cushion’ for both borrowers and banks ‘baked in’. Today’s rate was bumped up […]
Everything you wanted to know about Property Taxes
Property Taxes Might Be A New Concept for You if You’re a First Time Home Buyer Budgeting for a home goes beyond simply paying your mortgage. In addition you’ll have monthly expenses. Some of them will be variable like heat, hydro, and water. But others are fixed, like your internet and property taxes. If you’ve […]
With Today’s Announcement, The Bank of Canada starts to make some changes
Today’s Rate Announcement Earlier today, the Bank of Canada made their most recent rate announcement. And the news they shared contained some clues as to what might be on the horizon for mortgage interest rates. The big news wasn’t that the overnight lending rate was not going to be increased (yay for variable rate mortgages) […]
First Time Home Buyer Changes are coming
First Time Home Buyers can expect some changes to the program this spring. But will these changes actually help get you into the housing market? Daniel breaks down how the First Time Home Buyer incentive program is changing across Ontario and Canada in this quick video segment
Breaking: CMHC Announces Changes to Insured Mortgages
Canada Mortgage and Housing Corp. is toughening up its rules to make it harder to get mortgage insurance, a move that would reduce demand from riskier borrowers and keep prices in check at a time of economic uncertainty. The new criteria, effective July 1, are designed to help weed out borrowers who are less likely […]
