Despite over 60% of Canadians needing a mortgage to buy a home, many don’t really know what a mortgage is. Most Canadians get their mortgage directly from their bank, “their bank” being where t...
Chris 04/24/2019
For the fourth time in a row, the Bank of Canada has maintained its target for the overnight rate at 1.75%. This announcement was released on April 24, 2019. For the last three interest rate announce...
Chris 04/24/2019
When people think about owning a home, the only cost that comes to mind for many is the mortgage payment. Since the mortgage is by far the largest monthly expense you’ll have, it makes sense to cons...
Chris 04/17/2019
With the Canadian economy forecast not looking well it looks like Canadian mortgage brokers are the beneficiaries of bond rates slipping. In the past few weeks the fixed mortgage rates have been fall...
Chris 04/17/2019
Once, your mortgage loan is approved and all the conditions are complete by the broker/ lender. The next step is to sign the closing documents prepared by your lawyer and the seller’s lawyer. Th...
Payal 04/11/2019
One of the biggest decisions you can make when it comes to your mortgage rate is whether to go with a fixed or variable mortgage. Most Canadians either don’t know the difference or choose to go fixe...
Chris 04/10/2019
When you visit a mortgage broker to refinance your property, one of the documents they will ask you for is the property tax statement. The property tax amount is also important when purchasing a prope...
Payal 04/09/2019
Buying a home is a huge undertaking, especially if you’re a first-time homebuyer. There are first-time homebuyer programs in Canada that can help you save money when buying a home, but the governmen...
Chris 04/09/2019
When you are approved for a mortgage and are filling out the paperwork, it can be easy to overlook exactly what you’re signing. There are a lot of places to sign or initial, and you may just want to...
Chris 04/08/2019
Even 1 year after the latest changes to the mortgage stress test rules, there is still a lot of confusion surrounding the stress test and its effects. That’s why we put together this infographic t...
Ali 04/04/2019
One CIBC Aventura point is worth $0.0133, on average. However, redempti...
Updated April 15, 2019 There are many things you can do with a TFSA (which you ...
Monday July 23, 2018The Canadian housing market is warming up — here’s whyDi...
With interest rates on the rise, homeowners and home buyers need to seriously co...
