Is the First-Time Buyers Incentive a Smart Choice for Canadians?

In March the Canada Mortgage and Housing Corporation (CMHC) announced the new First-time home buyer incentive (FTHBI), set to launch on September 2nd, 2019. The incentive presents the opportunity to receive an interest free loan of up to 10% of the property value, when purchasing your first home. The question now is, will it be worth it? The answer is not as black and white as it may seem. The … Read More

Rates are Low!

What a time to be alive indeed.  And by time to be alive I mean time to be getting a mortgage.  I know what you’re thinking.  “Is it ever a good time for a mortgage?  All they really do is cost me money.”  Well yes they do, but our whole job is to make sure it costs you as little money as possible.  And in the past while rates have … Read More

Agents and Clients

The relationship between a mortgage broker and a real estate agent can be a fruitful one for all parties involved. But like any relationship, it relies heavily on communication and the ability to help one another to in the end get the best results for you, the client! There are several benefits and services a mortgage agent may provide to a real estate agent to help better their relationship; which … Read More

Mortgages and OSFI restrictions

More, scrutiny, more security, more rejections, more more more! Gone are the days of common sense lending and the gray area. Sure tighter restrictions will help to keep the banks safer but at what cost to the general public. By increasing scrutiny (which mind you is fairly tight as is) it will become more difficult for people who may be self employed, have gone through a rough patch, or have … Read More

Generations, and why they (don’t) matter

Baby Boomers, Gen X and Millennials, generations we hear about them time and time again.  But when it comes to buying homes and mortgage approvals, what benefits come from being a member of one generation over another.  Well the simple fact of the matter is that there aren’t any.  Regardless of age, when it comes to mortgages, everybody wants the same thing, to not have one.  However, they are something … Read More

NOA revisions, already up for re-revisions?

Are the recent revisions the Canadian Revenue Agency made to the Notices of Assessment (NOA) really that bad?  Well no, they’re really quite good.  In the way that they have become user friendly that is.  They have become simpler and less cluttered, and all around easier for the general public to understand.  However, there is some speculation (specifically with the Canadian Mortgage Brokers Association or CMBA) that the revisions have … Read More

10% Minimum, Raising the Wrong Bar

If you’ve been in the market for a mortgage in the last couple of months there is almost no chance you haven’t noticed the talk of an increased minimum down payments from 5 to 10% on loan amounts over $500,000.  What this means for you?  Well if you’re buying a house under 500k, nothing, if you’re buying a house over 500k?  Simple, instead of putting a down payment of 5% … Read More

Oakville Mortgage Brokerage Opens in South Oakville Centre in South Oakville Centre

An existing Oakville mortgage brokerage has opened a new retail store in the heart of Oakville.  The new store is located in South Oakville Centre (formerly know as Hopedale Mall) and boasts a prominent location in the busy alley between Tim Horton’s and the recently opened Winners. has operated in Oakville for over 5 years on a mobile bases, and this opening provides them with a solid footing in … Read More

Fixed Mortgage Rate Forecast – August 2014

Fixed Mortgage Rate Forecast

Fixed mortgage rate forecasts over the past few years have been fairly consistent in forecasting continued low mortgage rates in the near term with some upward pressure expected in medium term.  A historical look at the last 12 months however reveals a different reality.  Mortgage rates and the bonds that drive them have actually fallen almost in tandem by a half a percentage point.  Although that forecast remains unchanged today, … Read More

Mortgage Basics

Mortgage Basics

When we get down to the basics of life, it’s really quite simple.  Down to its core, all we really need is food, shelter and love.  Everything else is optional. Shelter can come in many forms.  Living with relatives, renting your home, or the loftier goal of owning your own home.  Although home ownership is not a necessary part of life, it’s a goal for most Canadians.  The good news … Read More