Updated Home Affordability Numbers
Hey Guys! I thought some of you might be interested in seeing some affordability numbers in today's housing market. Let's look at how much income is required to purchase two properties, as
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Mortgage 101
October Real Estate Update
Hey Guys! Where do you think prices are headed in the next couple of months? Check out the data below to help formulate your own thoughts. Real Estate, as a commodity, is
Is Canada Importing U.S. Interest Rates?
Hey Guys! This is a monetary policy update from the U.S. which influences the Bank of Canada (BoC) and ultimately Canadian monetary policy (interest rates). I know we are all facing higher
How To Refinance Calgary
Hey Guys! This kind of "how-to" email is not typical from me, but I thought this would help some folks. The easing of monetary policy, in response to the pandemic, was a
Fixed Vs Variable?
Let's circle back on this classic question when choosing a Mortgage product ... Should I go with a fixed or variable rate Mortgage? Let's provide some structure to this post with a
Mortgage Penalties: A fundamental review
Hey! I've had this conversation twice in the past week with existing clients and wanted to update everyone on some fundamental information. 1. Mortgage penalties. [] Why. [] What. 2. Penalty formulas. [] 3
Insured Mortgage Rule Change
The Mortgage qualifying goal posts have slightly moved, again!Here's a quick history of recent rule changes:July 2020: CMHC qualifying rule change (in effect).April 2021: Uninsured qualifying rule change (effective 1 June 2021). *May 2021: Insured
Mortgage Rule Change Coming!
Another Mortgage rule change is to take effect 1 June 2021. Here's what you need to know ... What is a "stress test"?What are current Mortgage qualifying rules?What is the
Purchase Plus Improvement Mortgage
This article is how to include the cost of a home renovation into your Mortgage. FAQ below. This is a high-level list of how this program works.