Mortgage for Home Buyers

03/03/2024

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08/11/2021

Brokerage owner outlines why construction financing could be set to surge For those in the mortgage market dealing with construction financing, one of the year’s most unpredictable challenges has centred around the price of materials. Lumber has proven an especially problematic issue, with intense demand and skyrocketing prices dramatically hiking up construction costs across North America and introducing new hurdles for those seeking to renovate or build anew....

Brokerage owner outlines why construction financing could be set to surge For those in the mortgage market dealing with construction financing, one of the year’s most unpredictable challenges has c…

08/11/2021

More than 400 new affordable housing units to be built in the city The federal government has announced a new $178.95 million investment for the immediate construction of low-cost housing in Toronto. This sum, which will be coursed through the Canadian government’s Rental Construction Financing initiative (RCFi), will fund the development of the project located at 100 Broadway Avenue. The residential complex will include approximately 412 affordable housing units....

More than 400 new affordable housing units to be built in the city The federal government has announced a new $178.95 million investment for the immediate construction of low-cost housing in Toront…

06/01/2021

Despite March growth, Canada's economic output is still about 1 per cent below what it was in February 2020 Canada's economy expanded at a healthy pace in March, but new measures to counter the spread of COVID-19 look like they pushed the economy into contraction again in April. (Adrian Wyld/The Canadian Press) Canada's gross domestic product grew for the 11th month in a row in March as the total value of all goods and services produced by the country expanded by 1.1 per cent from February's level....

Despite March growth, Canada’s economic output is still about 1 per cent below what it was in February 2020 Canada’s economy expanded at a healthy pace in March, but new measures to cou…

06/01/2021

Starting to See A Slowdown In Canadian Housing Today, the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 12.4% nationally from March to April 2021. Over the same period, the number of newly listed properties fell 5.4%, and the MLS Home Price Index rose 2.4%. While home sales fell month-over-month in April, largely due to the new lockdowns, April sales were still the strongest ever for that month and well above the 10-year monthly average....

Starting to See A Slowdown In Canadian Housing Today, the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 12.4% nationally from …

05/31/2021

Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage. The Office of the Superintendent of Financial Institutions (OSFI) confirmed on Thursday that it will move ahead with its stress test changes first announced last month, which will apply to uninsured mortgages (typically those with more than a 20% down payment)....

Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage. The Office of the Superintendent of Financial Institutio…

02/13/2021

Exclusive Rates

02/13/2021

https://www.youtube.com/watch?v=hl3EWk3aoPY

Join our in house trainer Jane Stevens as she discusses todays topic:Zolo Mortgages. Zolo offers webinar based training to our agents throughout Canada every...

01/07/2021

New Year Promotion
Rates have never been this low. Transfer (renew) your mortgage before rates increase again.

Call now 416-858-4265 and let's lock in the rate for you.

11/12/2020

Bond yields in both Canada and the U.S. jumped on news that Pfizer’s COVID-19 vaccine has proven more than 90% effective in its trials. Following the announcement on Monday, the all-important 5-year bond yield is now hovering around 0.50% for the first time since early June. Since bond yields lead fixed mortgage rates, that’s caused some observers to suggest mortgage rates could potentially be finding a bottom and may only head higher from here....

Bond yields in both Canada and the U.S. jumped on news that Pfizer’s COVID-19 vaccine has proven more than 90% effective in its trials. Following the announcement on Monday, the all-important 5-yea…