Devin Mclean-Griffin, Mortgage Agent

05/01/2023

Mindset Monday's
Achieving goals is not just about writing out a plan but also understanding the steps needed to take in order to see that plan through!

04/20/2023

Big news for First Time Homebuyers!. The GoC has changed the incentive program (downpayment assistance).

The GoC will limit its share to a max of 8% per annum. This means a FTHB will be able to keep more equity when their home increases in value.

If you'd like to know more about this program or the changes made feel free to reach out!

(Contact in bio)

04/12/2023

BACK TO BACK!!

The BoC announced today that they have decided to hold the overnight rate again. This means there will be no change to the prime rate!.

Moving into the spring market rates are expected to hold steady!

This is a great sign to anyone looking for a reason to get into the market.🏡🏠

The next announcement is set for June 7th, 2023.

04/03/2023

Exciting news! I'm thrilled to announce that I have officially joined the BRX mortgage team. Looking forward to providing top-notch service and helping you achieve your homeownership goals!"

02/23/2023

Ready to Buy Your First Home? Get the Lowdown on Year-One Costs!" Real Estate Magazine's latest article breaks down the expenses of homeownership for first-time buyers. From closing costs to property taxes and maintenance fees, this must-read guide offers tips and advice to help you navigate the first year of owning your dream home. Don't miss out on this valuable resource - read now and prepare to make your move!

A new report found that the first year of homeownership costs ranged from $74,342 in Saguenay to more than $400,000 in Richmond Hill.

07/20/2022

With so many changes happening in the market it is important to stay informed. This article covers what the change in rate means for those of you who have a VRM (Variable Rate Mortgage). Book a meeting with me to find out more about how these changes may impact you.

The Bank of Canada's historic 100-bps rate hike last week has led to confusion over how the stress test should be applied to variable rate mortgage applications already in lender pipelines.

02/24/2022

Markets Increasingly Expect a Bank of Canada Rate Hike This Month

https://bit.ly/3qBry24

Visit us at https://www.mcleanmortgage.ca for Mortgage Services.

Earlier this week, RBC's CEO called for the Bank of Canada to take "rapid action" and raise interest rates to bring inflation under control. According to some forecasts, the Bank of Canada may heed that advice.

02/17/2022

Canadian Cities Have Seen Up To 90% Of New Real Estate Supply Scooped By Investors

https://bit.ly/33wEPjY

Visit us at https://www.mcleanmortgage.ca for Mortgage Services.

Canadian real estate is being scooped up by investors with excessively cheap credit. Ownership data for residential real estate across four regions show a significant share owned by investors in 2020. What’s most impressive is how fast this trend must have accelerated. Cities have seen up to 90% o...

02/10/2022

Housing prices in Canada to keep rising through 2022 as demand outpaces supply: report

https://bit.ly/32crA7r

Visit us at https://www.mcleanmortgage.ca for Mortgage Services.

Royal LePage's latest House Price Survey found the average price for a home in Canada increased 17.1 per cent year-over-year in the fourth quarter of 2021, hitting $779,000.

02/03/2022

Record Home Price Growth Continued in December

https://bit.ly/3qGEpjF

Visit us at https://www.mcleanmortgage.ca for Mortgage Services.

The Canadian Real Estate Association's House Price Index was up 26% year-over-year as of December, the fastest pace on record.

01/13/2022

Canadian home prices are expected to rise by 10.5 percent in 2022

https://bit.ly/3qgZboN

Visit us at https://www.mcleanmortgage.ca for Mortgage Services.

After a record-breaking year, Canadian home prices are expected to continue rising in 2022, with Toronto, Vancouver and Halifax projected to see the largest increases.

01/06/2022

What home buyers should know about the Canadian mortgage stress test

https://bit.ly/2Hp2apZ

Visit us at https://www.mcleanmortgage.ca for Mortgage Services.

If you have a mortgage or plan to get one, the stress test will affect you. Here's what to know about the rules, including what changed in 2021.