WAS THIS A BIG MISTAKE? Last week, Stephen Poloz, the Bank of Canada Governor, kept the Prime Rate as is during the 6th of their eight scheduled meetings for 2019. … Continue Reading Why didn’t the Bank of Canada Gov cut rates last week?
The First-Time Home Buyer Incentive (FTHBI) program is a Shared Equity plan that came into effect Sept 2nd (just before an election, what coincidence). The program was created to stimulate … Continue Reading New First-Time Home Buyer Incentive.. the quick facts.
While I originally posted this article in September of 2015, I think now is a good time to take another look. Fixed mortgage rates are at an all-time low. If … Continue Reading These 3 clients broke their mortgages, paid a penalty, and still saved between $9,000 and $26,000!
A couple years ago, the federal government brought in some tighter mortgage qualifying rules. The ‘stress test’ was just one of several changes, but it’s definitely the most well known. … Continue Reading Mortgage Rates are still trending Lower… Yes, in August!
I’ve been fielding a lot of calls lately asking about 10-year fixed rates – and with good reason! You can now get a 10-year fixed rate for around 3.04%. That’s … Continue Reading Should You Take a 10-Year Fixed Rate When Rates are Low?
I’ve never seen more competition with mortgage rates in my 30-year career than I have in the first five months of 2019! Rates are under 3%! On May 10th, a … Continue Reading A Rate War on Canada Day?
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