News

Fixed vs Variable? Here’s my take for today’s market

Coaching variable-rate mortgage clients is what I have done for over a decade. I’m an advocate of the floating-rate product and its benefits, and over the years, hundreds of my clients have saved tens of thousands of dollars in interest costs and cut years off their amortization—the length of time

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Mortgage Brokering: What It Actually Means

Did you know that just over 6 million Canadians currently have a mortgage? Yet the process of getting one is not easy and can be confusing for many. So do you know how a mortgage broker can help? When looking for a mortgage in Milton, the use of one could

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Today’s Bank of Canada Rate Announcement

Just a quick note on today’s Bank of Canada Announcement.  The Bank of Canada increased the key rate from 0.25% to 0.5%. Some lenders are starting to change their prime rates by 0.25%, to 2.7%. We will monitor the amount of the increase to Prime and how it will impact mortgage

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When is The Best Life Stage to Buy a House?

Those living in Canada under the age of 35 are less likely to own property than those above the age of 35. If you’re under 35 years old and living in Canada, does that mean you shouldn’t invest in a home? It’s confusing to know exactly when to buy a home

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All smoke and no fire

The Bank of Canada kept its trendsetting interest rate at rock-bottom levels on Wednesday, holding off on planned increases aimed at controlling surging inflation.The central bank’s overnight rate remains at 0.25%, a rate it adopted in a drastic drop in the early days of the COVID-19 pandemic.The move is in

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Milton Mortgage: How to Find a Mortgage Broker

In the second quarter of 2021, the value of mortgages given by non-bank mortgage lenders in Canada amounted to $72.1 billion, up by 50.5 percent from the second quarter of 2020. Selecting a mortgage is likely the most important financial choice you’ll ever make — and one of the most

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