by Glenn Maclaren | Oct 30, 2019 | Announcements, Blog, Mortgage
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The outlook for the global economy has weakened further since the Bank’s July Monetary Policy Report...
by Glenn Maclaren | Oct 25, 2019 | Blog, Economy, Finance, Homeownership
Historically, real estate has proven to be a sound investment option. Nowadays, with rental properties scarce and rental fees through the roof, investing in real estate could be considered a great option, especially if you cater to the right demographic in the right...
by Glenn Maclaren | Oct 18, 2019 | Blog, Economy, Finance, Homeownership
If you’re a Canadian homeowner who’s at least 55 years old, a reverse mortgage may be able to provide a number of solutions for you, including supplementing your current income while you continue to live in your home to help you enjoy a more fulfilling retirement....
by Glenn Maclaren | Oct 11, 2019 | Blog, Economy, Homeownership
Sometimes, you may just need an added boost to qualify for the loan amount required to get you into your new home, particularly following the introduction of tighter mortgage qualification rules. If you’re experiencing difficulty meeting traditional lender...
by Glenn Maclaren | Oct 4, 2019 | Blog, Economy, Finance, Homeownership
Did you know that several lenders today are exclusively offering collateral charge mortgages? This means it’s more important than ever to understand the differences between a collateral and a standard charge mortgage before signing your mortgage commitment. The...
