TD is offering mortgage payment deferrals for up to six months.  How does a TD Mortgage Payment Deferral work?  Mortgage Deferral: Customers who are experiencing financial hardship can request to defer the equivalent of up to six monthly payments. Interest will continue to accrue and is capitalized (i.e. added to the outstanding balance)on each payment […]

To say that rates have been a roller coaster these past 3 weeks is an understatement. We have seen 3 rate cuts by the Bank of Canada leading to a large drop in the Prime rate to Fixed Rates dropping, then rising and some now slightly dropping again. Banks borrow money for mortgages and to […]

Dominion Lending Centres head office team has put together a fantastic webpage dedicated and updated constantly with COVID-19 updates and how they are affecting home owners and the mortgage industry. Stay tuned for regular updates and to access resources to help you and your family. Click on the Blue Bar at the top of my […]

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 […]