by Glenn Maclaren | Jul 17, 2020 | Blog, Economy, Homeownership
It’s important not to subscribe to the doom and gloom media reports about the Canadian housing market, especially in the midst of COVID-19 emergency measures. The reality is that, regardless of what you’re reading in the mainstream media, people are still...
by Glenn Maclaren | Jun 26, 2020 | Blog, Economy, Homeownership
For most parents, watching their children head off to college or university causes a wide range of emotions. Hopes and happiness are mixed with worries and sadness and the adjustment can be very difficult. Emotions aside, there is also the weight of the...
by Glenn Maclaren | Jun 12, 2020 | Blog, Economy, Homeownership
While interest rates shouldn’t be your sole focus when securing a mortgage, they do represent an important part of the financing equation. Since the COVID-19 pandemic began, the Bank of Canada (BoC) has announced several unscheduled benchmark rate reductions....
by Glenn Maclaren | Jun 5, 2020 | Announcements, CMHC, Economy, Homeownership, Mortgage
The COVID-19 pandemic is having an impact on all sectors of Canada’s economy, including housing. Job losses, business closures and a drop in immigration are adversely affecting Canada’s housing markets, and CMHC foresees a 9% to 18% decrease in house prices over the...
by Glenn Maclaren | May 22, 2020 | Blog, Economy, Finance, Homeownership
There are a number of reasons why refinancing your mortgage before your current term is up makes good financial sense. The most popular ones include taking advantage of lower rates or using your home equity to consolidate debt, fund renovations, ease cashflow or even...
by Glenn Maclaren | Apr 24, 2020 | Blog, Economy, Finance
In addition to coping with the very real and serious threat to our health and wellbeing thanks to COVID-19, we’re now also facing the added stress of protecting ourselves against fraudulent schemes related to the pandemic. Deceptive practices tend to transpire...
