Interest Rate Differential Penalties Explained
When paying out a Mortgage, the lender will charge the greater of a three month interest penalty OR a interest rate differential penalty (IRD). This post is to explain
Market Update: Despite the backdrop!
Hey Everyone! Here is an update on Calgary's re-sale market for the month of August 2020. Learn what statistics help you understand where ar market is today, and
It’s Time!
Here is the process my clients go through to determine if lowering their Mortgage is financially beneficial for them. Please read top to bottom - no skipping :-). Prerequisite
Looming Uncertainty: Deferrals & Income
I see a couple ongoing areas of concern worth noting in today's economic and Real Estate market. Unwinding the Mortgage deferral program and extending emergency relief benefits to Canadians.
Summer In The City: Real Estate Update
Calgary Real Estate Board (CREB) is at it again with another monthly report on Calgary's housing market. Here's what you need to know! You need to know what's happening with
Bank of Canada: “Lower For Longer”
The Bank of Canada released the July Monetary Policy Report That Outlines Canada's Monetary and Economic Outlook. This Is A Breakdown of That Report. Let's start, right out of the
Calgary Real Estate Report: June 2020
Look at month over month and year over year data for sales, sales to new listings ratio and absorption rates to anticipate near term price movements and understand market context.
Inflation & COVID: Uncertain Path Ahead.
The Bank of Canada's new Governor, Tiff Macklem, released a webcast June 22nd speaking to Inflation and COVID in the Canadian Economy. Here is a breakdown. Here's what we'll
It Happened …Again! Mortgage Rule Change
Canada Housing and Mortgage Corporation (CMHC) Announced Mortgage Rule Changes Taking Effect July 1st 2020. Here's What's Happening: Guys, this is BIG NEWS! I want to explain theses changes, how they