Canadian 5-Year Bond Yield Surges   In an unprecedented move, bond yields are spiking around the world. Yields globally are now at levels last seen before the coronavirus spread worldwide. At the same time, commodity prices are surging, including energy, metals and minerals, agricultural products and lumber. The Biden administration’s $1.9 trillion stimulus package is has […]

Housing Continued to Surge in January   Today the Canadian Real Estate Association (CREA) released statistics showing national home sales hit another all-time high in January 2021. Canadian home sales increased 2.0% month-on-month (m-o-m) building on December’s 7.0% gain. On a year-over-year (y-o-y) basis, existing home sales surged 35.2%. As the chart below shows, January […]

A common question that clients have is how does a mortgage broker get paid?  There is a very big misconceptions that mortgage brokers always charge a fee.  This is rarely the case.  There are instances where we do, but over 90% of the time we are paid directly from the lender. Brokerage Fees & Compensation: […]

A Mortgage Broker Is Going To Give You The Best Mortgage That Meets Your Needs & Potentially Save You $1000s Of Dollars In Unnecessary Fees & Interest.   As Mortgage Brokers, we strive to educate consumers, REALTORS and all other Real Estate Professionals as to what a Mortgage Broker does.  As we are all independent […]

We recently had one of our REALTOR partners ask us if we could explain the difference between being PRE-QUALIFED VS. PRE-APPROVED. Different lending institutions are going to use the terms differently and even interchangeably.   However for us at the Mainstream Mortgage Team these terms mean. PRE-QUALIFIED: We would use this term for a client who […]

What will the real estate industry look like in 2021? If there is one word that defines life in 2021, that word is change. How much and for how long is uncertain. And while some changes may be temporary, many may be here to stay. How will all of this change impact the real estate […]

Federal Fiscal Update–Finance Minister Freeland’s Debut   Justin Trudeau’s government, which has delivered the biggest COVID-19 fiscal response in the industrialized world, announced plans for another dose of stimulus and vowed to continue priming the pump as long as needed. Finance Minister Chrystia Freeland unveiled $51.7 billion of new spending over two years in a mini-budget Monday, […]