4 Tips for Paying off Holiday Credit Card Debt
4 Tips for Paying off Credit Card Debt this Holiday Season The Holiday Season is a great time for gift giving. But also an easy way to rack up debt. We’ve all felt some pressure during the holidays to spend, and it can be easy to overspend without really noticing the bills piling up. […]
Today’s Bank of Canada Rate Hike
Today’s Rate Hike by the Bank of Canada So if you follow us on Tiktok you would have seen a recent video with my prediction on what the Bank of Canada was expected to do with their interest rate announcement today. I missed the mark by predicting a .75% rate increase, as did many economists and […]
How High Can Mortgage Rates Go?
How High Can Mortgage Rates Climb? It’s a question that everyone has been talking about lately. At the office around the water cooler, at the soccer games, and family bbq’s everyone has been asking how high can mortgage rates climb? Notice anything different at the grocery store? Maybe the gas station? How about where you […]
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 […]