They say two things are certain, death and taxes; in Canada there is a third certainty that there will be more changes to mortgage rules.  These changes will impact all home buyers and owners who need to finance their properties.  To understand financing options for conventional borrowers – ask your Mortgage Broker. In October 2016 […]

Whether you started your retirement savings in your 20’s or in your 40’s,  planning ahead for retirement is key.  There are various elements to consider especially once you approach the last 10 years before retirement.  Always consult with your trusted advisors along the way.  Your financial planner, accountant, lawyer and mortgage broker can help build […]

In the Fall of 2016 the Federal Government made some significant changes to mortgage financing guidelines but how did the change to the mortgage rules impact interest rates?  I receive calls from people each week after checking rates with their bank and online wondering why the rates are so different.  In fact people wonder why […]

Most home owners will receive their BC Assessment in the mail the first week of January.  For the 2017 assessment many homeowners will see an increase in the value which will impact property taxes.  For some, deferring property taxes may be an option. Once you receive your property tax notice, you may be able to apply […]

Are low fixed mortgage rates going to vanish? We have seen the fixed rates go up and down over the past several years.  At the end of 2008 and into 2009 5 year fixed rates were in the 5% range which may shock home buyers who over the past few years have enjoyed rates in […]

With all the news about interest rates rising do you go long or short with your rate when you set up your mortgage? After discussing your current life situation and answering some key questions with your mortgage broker you can make some decisions and set your mortgage rate and term to best fit your needs.  […]

With low rate offerings over the past several years and a struggling economy, some homeowners chose to lock into a longer term mortgage even if the interest rate was a bit higher.  If you are one of those people who feel stuck in a high rate 10 year fixed mortgage you may be wondering if […]

To understand financing options for conventional borrowers – ask your Mortgage Broker.  In October 2016 the Federal Government announced some significant changes to mortgage rules for high ratio borrowers.  Changes for high ratio mortgages took effect Oct 17th.  Changes for conventional borrowers take effect Nov 30th.  These changes will result in tighter guidelines to qualify […]

As the year comes to an end we take a look back to review the history of recent mortgage rule changes in Canada since the economic crash.   THE WILD WEST Although financing in Canada was not as open as in the United States, the rules did allow people to buy with little or no […]

The Minister of Finance announced today new Canadian mortgage rules effective Oct 17th,2016.  The new rules will impact high ratio buyers with less than 20% down payment.  Other rule changes are expected to follow.  Stay tuned for details as they unfold. Currently a home buyer with less than 20% (high ratio) requires mortgage insurance through […]