Deciding to list your home for sale is a big decision. And while there are many reasons you might want/need to sell, here are 3 questions you should ask yourself and have answers to before you take that step.
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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
Continue reading →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.
Continue reading →5 THINGS YOU NEED TO KNOW BEFORE YOU CO-SIGN A MORTGAGE!
So you’re thinking about co-signing for a mortgage? Okay, do you really know what that means do you know what you are getting yourself into? Co-signing isn’t necessarily a bad thing, but there is certainly a lot of misinformation floating around on the subject. Although its nice to be in a position to help someone close to you qualify for a mortgage, It’s not a decision that should be made lightly. Co-signing on a mortgage could have a significant impact on your future.
Continue reading →5 Canadian real estate market trends to watch in 2021
2020 was unique for the Canadian real estate market. The pandemic slowed the market for a brief period at the start of the spring market and then things really picked up. We continue to see rising prices and a brisk market. Can we expect to see this continue going forward?
Continue reading →February Market Update
“With home sale activity well above our January average, the supply of homes for sale isn’t able to keep pace,” Colette Gerber, REBGV Chair said. “This is causing increased competition amongst home buyers and upward pressure on prices.”
Continue reading →The Spring Market is Starting Early!
The Spring market is starting EARLY! With travel restrictions in place and people unable to go away for the holidays, we’re seeing a boom in the market. Pricing is back to 2016/2017 peaks, and home owners can now afford to get out from under heavy 5 year mortgages that are up for renewal!
Continue reading →6 REASONS TO REFINANCE YOUR MORTGAGE
Is now a good time to refinance your mortgage? Well, maybe! Interest rates are very low right now, and according to the bank of Canada, they will most likely remain low until at least 2023. So while everyone has different reasons to access their home equity, to a maximum of 80% of the property value, here are 6 reasons refinancing your mortgage might make sense to you.
Continue reading →Don’t Wait Till Spring, NOW is a Great Time to Sell!
Don’t wait until Spring, NOW is a great time to sell! Here’s why…
Continue reading →WILL COLLECTIONS IMPACT YOUR MORTGAGE?
A question that comes up from time to time when discussing mortgage financing is, “If I have collections showing on my credit bureau, will that impact my ability to get a mortgage?” And as the answer might have a broader application than what you might initially think, it’s worth spending a little time discussing.
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