Is My Mortgage Portable?

Is My Mortgage Portable?

The question: ‘Is my mortgage portable?’ The answer most often given: ‘Yes.’ This answer is increasingly wrong. In reality, you may qualify to move 80% or less of the current balance. The proper question: ‘Do I need to re-qualify for my current mortgage to move to a...
Homebuyers: Avoid These Common Mortgage Pitfalls

Homebuyers: Avoid These Common Mortgage Pitfalls

A home is the largest purchase most people will make in their lives. That should reinforce the importance of planning ahead, doing your research, relying on the advice of experts and not rushing through the process. With nearly 700,000 homes purchased in Canada each...
Bank of Canada Hikes Rates

Bank of Canada Hikes Rates

Bank of Canada Turns the Tide For the first time in seven years, the Bank of Canada announced today that it was hiking its key overnight rate by a quarter percentage point (25 basis points) bringing it to 0.75 percent as the economy has staged a broadly based economic...