Don’t fall for this Mortgage Myth

Are you under the impression that the bank, the place where you hold your hard-earned money will provide you with the best rate available? MAYBE. Banks typically profit from those who shop the least. Most financial institutions offer their ”posted rates” first, which...

Open vs closed mortgage

  An open mortgage is one with flexible options to increase your mortgage repayments, either by increasing your regular payments or via a lump sum. A closed mortgage, on the other hand, will penalize you for paying off all or part of your mortgage early. While...

How much can you afford?

  Budget is key when purchasing a home. Need help determining what you can afford? I'd be happy to help you assess your budget and find you a home that fits your lifestyle. Let’s chat and see how I can help you today! 📱250-869-7025 #mortgagebroker...

Home prices continued to fall in April

The average price for a house in Canada fell for the second straight month in April, posting a 12.6% decline from March. Home sales came in at 54,894, a 25.7% decline from last month, but was still the third-highest April sales figure ever behind 2021 and 2016,...

Canadian Inflation Shows No Signs Of Abating  Click the title for the link to the original article. Inflation at 6.8% is unmitigated bad news. The Bank of Canada looks flat-footed again, having forecast that Inflation would be at least a full percentage point lower by...

How to pay off your mortgage faster!

Want to pay off your Mortgage Faster? If you're currently on a Monthly payment frequency (12 Mortgage Payments), a switch to accelerated bi-weekly payments will get you the equivalent to 13 payments within a year! Accelerated Bi-weekly Payments takes your Monthly...

Monthly Costs of Home Ownership

Have you considered all your costs when preparing to enter home-ownership? Here are some additional considerations, outside of your mortgage payment: Property taxes. These must be paid periodically to your municipality, either directly or in combination with your...

Is your Mortgage up for Renewal this summer?

  A friendly reminder that if your Mortgage is coming up for renewal  in July or August, now is a great time to reach out! You can lock into a rate up to 120 days prior to your Mortgage Renewal.  Locking in will ensure you are protected if rates do rise.  Even...

First Time Home Buyers: RRSP as a downpayment source

Did you know that as a first time home buyer you can pull up to $35,000 from your RRSPs to use toward a downpayment? As part of the Home buyers plan, you have up to 15 years to repay your RRSP. Connect with me to learn more and get your own personalize plan today!...