Poloz Holds The Line On Rates As expected, the Bank of Canada held its key overnight rate this morning at 1.5%, asserting that July’s surprising spike in CPI inflation to 3% was in large part because of a jump in airfares. The Bank expects inflation to move back towards 2% in early 2019, as the […]

Some great information on Bridge Loans… 5 Sep 2018 Bridge Loans If you have ever sold your home in order to help with the purchase of your next home, chances are you have heard of bridge financing. Bridge financing is an option available to homeowners if they find themselves in a little bit of a […]

First Monthly Canadian Home Sales Gain This Year In June National home sales rose by 4.1% in June compared to May, the first such rise this year. Even so, June’s sales activity remains well below the monthly pace of the past five years (see chart). The sales gains were led by the Greater Toronto Area […]

Here is what you need to know about Reverse Mortgages… Reverse Mortgage – Need to Know HomeEquity Bank is the only bank in Canada that currently offers the CHIP Reverse Mortgage as well as a secondary product, Income Advantage. These two products are options for homeowners unlike anything else out there. Instead of borrowing money […]

Toys and buying a home In 2005, I was asked to do a pre-approval by a couple hoping to buy a home. I went through the application with them and pre-approved them for $320,000. They were astounded. They told me that their bank told them that they were qualified to a maximum of $260,000. They […]

GREAT article below…GREAT news for my BFS friends …. have a read of this blog below from my colleague CMHC Changes to Assist Self-Employed Borrowers As a self-employed person myself, I was happy to hear that CMHC is willing to make some changes that will make it easier for us to qualify for a mortgage. […]

Dominion Lending Centres launches new app My Mortgage Toolbox For Immediate release August 8th, 2018 Vancouver, B.C. – The nation’s leading mortgage company is making it easier for consumers to navigate the Canadian mortgage landscape. My Mortgage Toolbox is a new mobile app from Dominion Lending Centres designed to be a pocket-sized mortgage guide for […]