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) […]
The Importance of a Financing Condition
So you’ve been pre-approved or pre-qualified by your mortgage broker and are now hot on the trails of your new home. There’s only one problem: you’re losing out on every offer you place. You might have been advised by family, friends, or a Realtor that a stronger deal will result in a winning bid. And […]
What’s the difference between Pre-Approvals and Approvals?
The difference could cost you a lot more than you think. There are actually three different types of mortgage tools to determine you budget: pre-qualifications, pre-approvals and finally approvals. All three are similar, but also very different in how they should be used. The more documents you can provide to a mortgage broker the better. […]
COVID-19 Update with Treadstone Law
How is the Coronavirus affecting legal closings for Mortgages? If you’ve got an upcoming closing and are not sure how this will affect your lawyers visit on closing day check out this video. We sit down with Haris from Treadstone Law to run through the changes that have been happening since social distancing measures have […]
Toronto Real Estate Update: Q&A with Alex Balikoev
There have been a lot of changes since the Coronavirus has surfaced in Toronto. We chat with Alex of Sotheby’s to find out the latest updates Alex Balikoev is no stranger to change in the real estate industry. He started his career selling real estate back in Russia in 2008 and has risen to be […]
2 Reasons Why the Corona Virus is Affecting Mortgage Rates
Since measures have been taken to reduce the spread of the Coronavirus it has been affecting mortgages rates in a seemingly unpredictable manner. Here’s why. The spread of COVID-19 has impacted the Canadian economy in unprecedented ways. Even with March’s record-breaking Bank of Canada interest rate cuts, many homeowners are surprised to find that mortgage […]
How the COVID-19 Outbreak is Impacting Appraisals and Closings
It’s no secret that life has shifted dramatically over the past few weeks. If you’re in the middle of purchasing or refinancing a home, you may be wondering if it’s safe to move forward — especially if you need to schedule an in-person meeting. Things have been changing quickly and in some cases dramatically here […]
Mortgage Rates Explained
Why are there so many different types of mortgage rates in Canada? We break them down for you. If you’ve been in the market for a new mortgage you may have stumbled upon some really tantalizing fixed or variable rates online but when you’re inquired about those rates it turns out you’re not qualified. What […]
How to Get the Best Rates
How to Get the Best Mortgage Rates when You’re Mortgage is up for Renewal When shopping for a mortgage, the best way to get a great deal on your mortgage might not be the easiest way. You might want to think twice before signing that mortgage renewal statement that your existing mortgage provider mails to […]
