I’m always going on about 2nd opinions. Renewals are the most important time for a 2nd opinion. MORTGAGE RENEWALS WITH THE SAME LENDER ARE ON THE RISE, BUT SHOULD YOU JUST SIGN ON THE DOTTED LINE? If you’re in a mortgage that’s coming up for renewal in the coming months and you’re considering just staying […]

CLIENT SUCCESS STORY: CHIP REVERSE MORTGAGES A retired couple on fixed pensions found themselves struggling to make ends meet each month. Both were in good health and wanted to maintain an active lifestyle. They had spent their working years paying off their mortgage and had little saved in their RRSPs. Now both in their 70s, […]

More and more Canadians do not have a defined benefits pension plan. Companies are moving away from this model due to the expense of maintaining enough in the fund to pay out until the employee and survivors die. Those who are self employed also do not have pensions beside the Canadian Pension Plan. What can […]

AUGUST DATA CONFIRM THAT HOUSING HAS TURNED THE CORNER Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the sixth consecutive month. Transactions are now running almost 17% above the six-year low reached in February 2019, but remain about 10% below highs reached in 2016 and 2017. […]

Reverse Mortgages can be an excellent tool for Canadians who are 55+. This tool needs special consideration and planning to make sure it is right for the borrower. They aren’t for everyone, however, which some planning and expert DLC advice they work well for many of our clients. Enjoy today’s blog… REVERSE MORTGAGES IN CANADA […]

Buying your first home is so overwhelming. To be honest, we just bought our 4th home and it was equally overwhelming. The most important thing is to stay calm and approach the buying process with a level head and from a place of reason and common sense. Enjoy today’s blog… 5 MISTAKES FIRST TIME HOME […]

Today’s Blog can give you great insight into whether breaking your mortgage early is a good idea to potentially save $1000 in unnecessary interest and fees. Enjoy FIXED RATES OUTWEIGHING VARIABLE We are currently in a very unique situation when it comes to 5-year fixed and 5-year variable interest rates. For the first time in […]

Today’s blog is written by our colleague Geoff Lee. The First Time Home Buyer’s Incentive Program has started and it important to understand a few point that are outlined in the blog. 1). Your borrowing amount is limited to 4x your household income. Your purchase price is limited to 4x your household income + your […]

Today’s blog is about Cash-back mortgages. To be honest I’m not a very big fan of them. However, they can be a very useful tool for homebuyers if used correctly. I feel that many of the big banks use them as a lure to attract unsuspecting first-time homebuyers. This blog is jam packed with great […]

Our Blog today comes from our colleague from Saskatchewan. In Manitoba, our regulator is the Manitoba Securities Commission. Manitoba is similar to Saskatchewan with a few differences. WHAT IS A MORTGAGE BROKER? You may have noticed that there are many different terms for those of us who work in the mortgage industry besides “broker”. Mortgage: […]