Mortgage Broker Ian Clark

12/10/2026

Happy Thanksgiving! 🍁

I’m grateful for the clients, friends, family and community who make this work so meaningful. Thank you for your trust and support throughout the year.

Wishing you a day filled with good company, shared meals and the comforts of home.

— Ian

25/04/2024

The Housing and Mortgage Market Review: Q2 2024
Mortgage Professionals Canada is delighted to announce our new collaboration with Oxford Economics in delivering our revamped Housing and Mortgage Market Review. This essential resource is designed to help you stay on top of the latest economic trends and forecasts, aiding you in strategic mortgage planning.
https://www.mfactory.ca/the-housing-and-mortgage-market-review-q2-2024/

17/04/2024

Unlocking Housing Access: Federal Initiatives Empower First-Time Home Buyers
The federal government unveiled new measures aimed at improving access to housing for first-time home buyers before the 2024 federal budget, as the government acknowledged the challenges young homebuyers face in saving a down payment for their purchase.
https://www.mfactory.ca/unlocking-housing-access-federal-initiatives-empower-first-time-home-buyers/

21/03/2024

Mortgage Interest Rate Cuts In June?
February's inflation numbers suggest a possible shift in the monetary policy stance of the Bank of Canada, with speculation rising that it may opt for its first mortgage interest rate cut as early as June.
https://www.mfactory.ca/mortgage-interest-rate-cuts-in-june/

14/03/2024

First-Time Homebuyer Incentive Terminated
The initial promise of the first-time homebuyer incentive seemed like a beacon of hope for many prospective homebuyers grappling with the challenge of saving up for a down payment. Regrettably, the program's ex*****on left much to be desired, resulting in suboptimal outcomes for the majority of applicants.
https://www.mfactory.ca/first-time-homebuyer-incentive-terminated/

08/02/2024

Too Early For Rate Decrease: Bank of Canada
The Bank of Canada's Governing Council is hesitant to pinpoint when they might begin easing interest rates, as indicated in the summary of discussions from their January 24 meeting.
https://www.mfactory.ca/too-early-for-rate-decrease-bank-of-canada/

31/01/2024

Mortgage Porting: Bring Your Mortgage With You
Suppose you are committed to a five-year mortgage term with two years left until renewal. However, recent changes in your life, such as a new job offer requiring relocation or the need for more space due to a growing family, necessitate an early exit from your mortgage. While one option involves breaking the mortgage and incurring a pre-penalty fee, there may be an alternative: mortgage porting.
https://www.mfactory.ca/mortgage-porting-bring-your-mortgage-with-you/

25/01/2024

Bank of Canada Holds Interest Rate in January 2024
As widely anticipated by markets, the Bank of Canada decided to maintain its overnight target rate at 5.00%, a position it has held since July.
https://www.mfactory.ca/bank-of-canada-holds-interest-rate-in-january-2024/

13/12/2023

2023 Housing and Mortgage Market Review
In October, Canada's inflation rate dipped to 3.1%, slightly below the expected 3.2%, primarily due to a 6% monthly drop in gasoline prices. The economic landscape reveals sluggish GDP growth, a rising unemployment rate, and a likelihood of the Bank of Canada pausing interest rate hikes until April 2024, followed by a potential 75 basis points reduction by the end of the following year.

In October, Canada's inflation rate dipped to 3.1%, slightly below the expected 3.2%, primarily due to a 6% monthly drop in gasoline prices. The economic landscape reveals sluggish GDP growth, a rising unemployment rate, and a likelihood of the Bank of Canada pausing interest rate hikes until April....

24/11/2023

High Ratio Mortgages and Mortgage Default Insurance
A high ratio mortgage is where the borrower's down payment is less than 20% of the property's purchase price. In Canada, such mortgages require insurance because they are considered higher risk and necessitate "default insurance" coverage.

A high ratio mortgage is where the borrower's down payment is less than 20% of the property's purchase price. In Canada, such mortgages require insurance because they are considered higher risk and necessitate "default insurance" coverage.