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Finance Your Home Renovations

Finance Your Home Renovations

If you’re looking to do some home renovations but don’t have all the cash up front to pay for materials and contractors, here are a few ways to use mortgage financing to bring everything together. Existing Home Owners - Mortgage Refinance Probably the most...

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An Overview of the Home Buying Process

An Overview of the Home Buying Process

If you’re in the early stages of planning to buy either your first home or your next home, you’ve come to the right place! Even if you’ve been through it before, the home buying process can be daunting, but it doesn’t have to be when you have the right people on your...

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Bank of Canada Rate Announcement Apr 21st, 2021

Bank of Canada Rate Announcement Apr 21st, 2021

Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, adjusts quantitative easing program.   FOR IMMEDIATE RELEASE Media Relations Ottawa, Ontario April 21, 2021 The Bank of Canada today held its target for the...

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GDS/TDS Ratios Explained

GDS/TDS Ratios Explained

One of the major qualifiers lenders look at when considering your application for mortgage financing is your debt service ratios. Now, before we get started, if you prefer to have someone walk through these calculations with you, assess your financial situation, and...

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Unsure About the Housing Market? Let’s Talk.

Unsure About the Housing Market? Let’s Talk.

If you’ve been thinking about buying a property, whether that be your first home, next home, forever home, or a home to retire into, the current state of the Canadian economy might have you wondering: Is this really the right time to make a move? There is certainly no...

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Should You Get Preapproved For A Mortgage?

Should You Get Preapproved For A Mortgage?

If you’re thinking about buying a property, but you’re not sure where to start, you’ve come to the right place! Let’s discuss how getting preapproved is one of the first steps in your home buying journey. Just like you wouldn’t go into a restaurant without knowing if...

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What is a “No-Frills” Mortgage?

What is a “No-Frills” Mortgage?

A no-frills service or product is where non-essential features have been removed from the product or service to keep the price as low as possible.  And while keeping costs low at the expense of non-essential features might be okay when choosing something like which...

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Bank of Canada Rate Announcement Apr 21st, 2021

Bank of Canada Rate Announcement Mar 10th, 2021

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its...

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Are Mortgage Rates Really Going Up?

Are Mortgage Rates Really Going Up?

With all the economic uncertainty caused by a global pandemic, unprecedented unemployment levels, and government stimulus, mortgage rates have been on a steady decline for almost a year. In fact, we’ve hit some historic lows along the way.    Now, despite the Bank of...

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Mortgage Financing in a Competitive Housing Market.

Mortgage Financing in a Competitive Housing Market.

Canada is an interesting place to buy a property right now. If you’ve paid attention to the media at all over the last few weeks, you’ve probably heard that… Many people are still out of work due to COVID-19. The bank of Canada has forecasted rates will stay low for a...

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Using your RRSP for a downpayment through the HBP.

Using your RRSP for a downpayment through the HBP.

As the March 1st, 2021 RRSP deadline approaches for the 2020 tax season, if you have money saved for a downpayment but you’re not quite ready to buy a home, here’s a little strategy that might interest you. Did you know that you can use the money saved in an RRSP as a...

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