Important Tips To Keep Your Credit Strong
Yes, we are in uncertain times. The recent .5% increase to the Bank of Canada overnight rate was expected but each increase can be unsettling, even though we haven’t yet reached pre-pandemic levels. While many in Brampton, Toronto and the GTA are viewing our current...
Five Ways To Beat An Increasingly Tougher Stress Test
For homebuyers and owners in Brampton, Toronto and the GTA, the last two Bank of Canada rate announcements have been quite the wake-up call after two years of historically low pandemic rates. We knew it was coming and we prepare the best we can, but it always does...
Federal Budget 2022 – What’s In Store For The Housing Market
The Federal government’s Budget 2022 was expected to have several measures to help Canadians with housing affordability and they certainly did deliver several initiatives. It wasn’t exactly what the mortgage industry wanted, like 30-year amortizations for first-time...
Bank Of Canada Rate Increase And Other Important Mortgage Happenings
On March 2nd, the very anticipated increase to the Bank of Canada benchmark rate materialized, going up a quarter point to 0.5%. It was our first rate hike since 2018 and was inevitable given our surging inflation of over 5%, which is a 30 year high. Soon after, all...
What’s in store for Spring Market 2022?
These are interesting times for all of us in Brampton, Toronto and the GTA as we head into the always busy spring market, a time when many look to buy, renew their mortgage, or put equity to work. We’re in an environment of rising inflation, ongoing supply chain...
12 Tips to Help You Thrive in 2022
In Brampton, Toronto and the GTA we keep talking about the housing market! Are we in a housing bubble, will rates rise in 2022 and by how much, which is better fixed or variable, is this the right time to buy or refinance, and on and on! Heading into 2022 it feels...
Getting ready for higher rates
Homeowners and homebuyers in Brampton, Toronto and the GTA are hearing in the news that inflation is a major concern and will lead to higher rates. Please stay away from the fear mongering and get in touch if you have concerns. Yes, there are inflationary pressures,...
10 Important Things To Know About A Home Appraisal
Whether you’re purchasing a new home in Brampton, Toronto or the GTA, want to complete a refinance of your current mortgage, or switch your mortgage to a new lender at renewal for a better rate, it’s important to understand the role a home appraisal has in the lending...
Helping your kids buy a home
Everything about homeownership is so different these days compared to when boomers bought their first home. Today, of course, young people in Brampton, Toronto, and the GTA struggle to purchase their first home given the financial demands of school loans, living...
Ways to keep your life and finances de-stressed this Fall
Well, here we are. It’s September and while there is optimism that we may one day see a post pandemic world in Brampton and the GTA, this just doesn’t feel like the usual “back-to-it” September that always got us energized every year. So maybe don’t focus on getting...