RBC, TD, CIBC and BMO raise prime rates following Bank of Canada interest rate hike     As was universally expected, the Bank of Canada’s Governing Council hiked overnight rates this morning by 25 basis points taking the benchmark yield to 1-3/4%. This marked the fifth rate increase since the current tightening phase began in […]

https://www.theglobeandmail.com/business/economy/interest-rates/article-bank-of-canada-holds-rates-steady-remains-cautious-on-future-hikes/

https://www.bnn.ca/canadians-home-buying-intentions-highest-in-8-years-poll-finds-1.1045230 Interesting news shared in this segment. Education to the current status of mortgage lending available is key to all prospective buyers. I welcome the chance to help. BNN – CDN home buyer intentions

New mortgage rules 2018: A practical guide By Erica Alini National Online Journalist, Money/Consumer  Global News 13 2.5k   424     more WATCH: New mortgage rules mean you might have to buy a smaller home. – A A + Listen Come Jan. 1, 2018, Canadians getting, renewing or refinancing a mortgage might have to prove that they would be […]

IS IT TIME TO LOCK IN A VARIABLE RATE MORTGAGE? Approximately 32 per cent of Canadians are in a variable rate mortgage, which with rates effectively declining steadily for the better part of the last ten years has worked well. Recent increases triggers questions and concerns, and these questions and concerns are best expressed verbally […]

Incredibly Strong Jobs Report in November, Q3 GDP Growth Slowed On Weak Exports and Housing The highly anticipated November Labour Force Survey, released this morning by Stats Canada, surpassed all forecasts breaking multi-year records. Employers added a whopping 79,500 jobs last month, bringing the gains over the past 12 months to nearly 400,000. November’s data […]

Cancel the panic: Canadians have been borrowing like crazy for good reason Great article on the perspective needed to counter all the fear tactics in the press. 2 Trillion in debts — what against 12+ Trillion in assets???? Ok – I feel better.  We’re leveraged at 16.67% loan to value. I can weather this storm. […]

Borrowed from Pam Pikkert in Red Deer, AB: What your Mortgage Broker wishes the self-employed borrower would understand… This intrepid group of risk takers are entrepreneurial and help keep the economy moving but all too often we meet with these people and have to give news we would rather not give. So let’s look at […]

Borrowed from the class-act Dustan Woodhouse – author, presenter, and DLC Super Broker MORTGAGE-GEEK HISTORY The average person if stopped on the street and asked; Are today’s low interest rates driving up house prices? Would likely say ‘yes’. They would be wrong. And we can let their lack of understanding pass, after all we can […]