Category Archives: About Mortgage Brokers

Why You Should Buy Commercial Real Estate Now

Tired of paying high leasing rates at your current commercial location? Well, what if you knew you could save more in the long term if you opted to buy a building for your business today? Low interest rates, low vacancy rates and a tight supply are creating the perfect purchasing situation for entrepreneurs across the country.

According to Steve Murphy, senior vice-president of commercial and treasury management at BMO, now is a particularly good time to invest in commercial property, both for their own uses and for leasing opportunities. “There is a strong demand for these properties by users, who are often able to lease out part of the property for additional rental income.” Continue reading →

Ten Tips for Aspiring Homeowners

Thinking of buying while interest rates are still low? Follow these tips to ensure that your finances are ready for a long-term investment. Continue reading →

Refinancing Just Became a Whole Lot Harder

Ottawa’s latest round of mortgage policies could have quite the impact on current homeowners, especially those shouldering a large amount of debt. If you have a mortgage and are planning to refinance or renew in the coming months, you could be in for a bumpy ride. The two factors that will most impact your experience? Whether or not you plan to change your mortgage and your mortgage qualifications. Continue reading →

Slowing Housing Market a Good Thing?

Is a slowing housing market the kiss of death for the Canadian economy? While there’s no doubt that a falling market comes with its fair share of bad karma, it doesn’t necessarily mean that we’re headed towards a full on market crash similar to the U.S. In fact, a decline in home prices could actually come with some benefits. Here’s a look at some of the best reasons to embrace the slow down. Continue reading →

Deciding on Debt: How the New Rules Will Impact Your Mortgage Hunt

Two things are clear about the current Canadian housing market. First, interest rates are going to go up. The Bank of Canada governor, Mark Carney, Finance Minister Jim Flaherty, and pretty much anyone involved in the banking industry has been warning of a hike, if not several, potentially before the end of the year. Second, the nation’s major banks have been offering absolutely amazing deals on long term fixed rate mortgages.

Which leads us to the million dollar question – is now the time to lock in a fixed rate or is a variable rate the way to go? Continue reading →