MIDTERM MORTGAGE TRANSFERS: In today’s low interest rate environment, a mid-term mortgage transfer could be an amazing way for you and your family to save thousands of dollars in interest. Many borrowers don’t think they are able to transfer mid-term, however, it is possible. To consider this as an options we need to make sure […]

Canada’s Economy Plunged 11.6% in April   The pandemic shutdown put every sector of the economy into a medically induced coma, so it was no surprise that the first full month of lockdown would be ugly. Indeed, consensus estimates were worse than the 11.6% drop in economic activity reported this morning by Statistics Canada (see chart […]

THE MAINSTREAM MORTGAGE APP – MY MORTGAGE TOOLBOX – Mortgage Comparison Tool We have the best mortgage app in the country.   Our clients and REALTOR partners love it.  However, some of you are asking for some tutorials to help with some of its features. The Compare Side By Side Tool Is a very powerful to […]

As the world pandemic continues, Canada and especially Manitoba are leading in flattening the curve.  However, the slowing of the economy has been felt in the number of businesses closed and people filing for employment insurance. This is leaving many mortgage holders and first time homebuyers in the lurch.  Should they defer payments, refinance, sell […]

Why Are Mortgage Rates Rising? Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fall equivalently. The banks have reduced prime rates by the full 150 basis points (bps). But, since the second Bank of […]