by Glenn Maclaren | May 28, 2021 | Announcements, Blog, Economy, Homeownership, Mortgage
A recent Equifax survey of Canadian consumers shows 40% feel that mortgage fraud is a growing problem. Even more unsettling is that 9% admit to not having been entirely truthful on their loan applications, and a similar number believe it’s acceptable to falsely report...
by Glenn Maclaren | May 21, 2021 | Announcements, Blog, Finance, Homeownership, Mortgage
In today’s unconventional housing market, where inventory is low, competition is fierce and bidding wars are common, obtaining a mortgage preapproval has never been more important. In the face of multiple offers and fast-paced decisions, having a preapproval in hand...
by Glenn Maclaren | May 14, 2021 | Blog, Economy, Finance, Homeownership
Since the global pandemic reached our shores, the Bank of Canada cut its overnight target interest rate in a number of unscheduled announcements, finally settling on the record low 0.25%. Understandably, these reductions were implemented in an effort to help offset...
by Glenn Maclaren | May 7, 2021 | Blog, Economy, Finance, Mortgage
The federal government introduced a number of relief measures last year in an effort to assist individuals facing significant financial hardship due to the COVID-19 pandemic, including the opportunity for Canadian lenders to allow customers to defer their mortgage and...
