This morning, the Bank of Canada announced that it will maintain its overnight rate at 5 per cent. In their statement, the Bank acknowledged that the Canadian economy seems to be experiencing excess supply, with … Read More
Mortgage Fraud Awareness month! Don’t be a victim!
Did you know? March is Fraud Awareness Month. Protecting yourself and your mortgage from fraud is crucial to safeguard your financial well-being. Understanding some of the more common mortgage fraud scams and how to protect … Read More
Mortgages funded by banks, explained!
A bank-funded mortgage refers to a home loan that is provided by a traditional bank or financial institution. In this type of mortgage arrangement, the bank lends money to the borrower to purchase a home, … Read More
Bank of Canada’s Decision: Why Interest Rates Remain Unchanged at 5%
The reasons in the blog, why Bank of Canada did not lower interest rates. Not a good news home buyers sitting on the fence.
MyMortgagepros private lender option!
When it comes to securing loans or mortgages, finding the right lender can make all the difference. Enter MortgagePRO Ltd. a group of direct lenders backed by over 125 investors, offering a unique approach to … Read More
Mortgage Renewals, good or bad news?
Are you gearing up for a mortgage renewal in 2024? Even if you’re not, we’ve got all the insider tips to ensure your mortgage renewal works for you! Don’t miss out on maximizing your financial potential. Learn more today.
About Real Estate appraisals
Land valuation, property valuation, and real estate appraisal are methods of establishing the market value of real estate. In contrast to corporate stocks, which trade daily and are identical, real estate transactions are rare and … Read More
Smart move, pre-approve!
Are You looking for your first home, or have you just started to think about it? I have some first-time homebuyer tips to help make your journey as easy as possible!Some of You know about … Read More
Real Estate Purchase Prohibition!
Prohibition on the Purchase of Residential Property by Non-Canadians Act On June 23, 2022, the federal government passed legislation that will prohibit non-Canadians from acquiring residential real estate in Canada for a two-year period. The … Read More
Refinance or not, that is the question!
Your mortgage can be renegotiated for a variety of reasons when you refinance your mortgage. In essence, this means paying off your current loan and replacing it with a better one. You can reap a … Read More