by Glenn Maclaren | Jun 25, 2021 | Economy, Homeownership
There are two new federal government programs available to help homeowners improve the energy efficiency of our homes. In combination, these two initiatives are designed to help eligible participants make deeper, more costly retrofits that have the biggest...
by Glenn Maclaren | Jun 18, 2021 | Blog, Economy, Homeownership
As a homeowner, refinancing your mortgage allows you to capitalize on lower interest rates, access your home’s equity, consolidate debt or even reduce your monthly payments. In simple terms, a mortgage refinance involves breaking your current loan agreement...
by Glenn Maclaren | Jun 4, 2021 | Blog, Economy, Homeownership, Mortgage
If you’re applying for a new credit card or even a job, taking out a loan or buying a new vehicle or home, a credit check will most likely be conducted to determine your creditworthiness. This helps determine if you’re dependable and able to pay back money you borrow....
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 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...