It was announced last week that the Bank of Canada is finally easing the stress test for home buyers with less than 20% down payment. This is great news that we are heading in the right direction after having mortgage rules tightened a few years ago. They have not yet confirmed that we will see […]

Have you ever wondered what the plan is for your parents? Or you even once you retire and maybe have a fixed income? So many families don’t realize the options they have to keep aging parents in their homes. If you are wondering how to do this and still afford in home care, contact us. […]

We are getting back in the saddle with our blogging! Stay tuned for more frequent updates to the mortgage world and all things home ownership! 2020 is off to a good start!

The speculation and vacancy tax is a key measure in tackling the housing crisis in major urban centres in British Columbia, where home prices and rents have skyrocketed out of reach for many British Columbians. The provincial government is taking action because people who live and work in B.C. deserve an affordable place to call […]

Last week the Bank of Canada announced that they would leave rates unchanged.  This is great news for Variable Rate Mortgage holders as everything will remain the same as the Bank feels that they have have made the impact they wanted to so far with increased rates and the stress test.  This has brought the […]

We have just been through the certification program with Home Equity Bank and are happy to answer any questions you may have with the CHIP product.  This is a great option for clients when they want to remain in their home but access equity to purchase rec properties, investment properties, help family purchase a home […]

The Bank of Canada (BoC) announced that they have increased the overnight target rate which in turn affects the Prime Rate.  Currently the Prime rate with almost all banks is 3.70% and that will increase to 3.95%.  This affects Variable Rate Mortgage clients and anyone that has loans or lines of credits attached to the […]

This blog post is coming from a scenario we actually encountered this week.   We had some stressed clients, who purchased a new property and had no doubt that their current home would sell! The current home still has not yet sold but we were extremely happy to reassure them with a number of solutions for […]

**How will the Cannabis Act affect mortgage lending??** The legalization of Cannabis is set to take place on October 17th. We just received confirmation that CMHC will continue to insure mortgage loans for residential properties where cannabis was previously grown and/or will be legally grown. At this time we only have one lender who is […]

Are you almost at the end of your mortgage term? Are you not sure if the mortgage product or lender that you have is the right fit for you? Maybe you want to move from a variable rate into a fixed rate or vice versa. Or maybe you want to access extra equity in your […]