by Ryan Avery | Jul 25, 2022 | Uncategorized
Canada’s top banking regulator is changing the rules that cover certain types of home loans to make sure that lenders and borrowers are able to stay on top of their obligations at a time when the country’s housing market is looking vulnerable....
by Ryan Avery | Jul 20, 2022 | Uncategorized
The idea of buying a second property used to be reserved for those who were well-heeled. That’s not the case anymore. Whether it’s used as a vacation property, a rental property, or to prepare for retirement, more and more middle-class Canadians are...
by Ryan Avery | Jul 18, 2022 | Uncategorized
As of June 2022, we are currently seeing unnatural discrepancies in the size of mortgage loans borrowers will qualify for, and it’s all because of a rift in the space-time stress test continuum. You see, most 5-year fixed mortgage rates are already over 5%,...
by Ryan Avery | Jul 11, 2022 | Uncategorized
Bond yields surged to a fresh 14-year high this week, driving expectations that fixed rates are likely to continue rising. As we reported last week, the Government of Canada 5-year bond yield was already on its way up, crossing the 3.20% threshold. Well, on...
by Ryan Avery | Jul 6, 2022 | Uncategorized
The Bank of Canada is expected to announce its largest increase next week. Here is how I can help: 1) Secure a 120 Day Rate Hold – If you are looking to make a purchase OR your mortgage is renewing before November, reach out ASAP, and let’s get you locked in at...
by Ryan Avery | Jul 4, 2022 | Uncategorized
With national home prices on the decline, some homebuyers are seeing appraisals come in lower than their purchase price, and that’s leaving many scrambling to come up with ways to close the gap. Jim Tourloukis, president of Verico Advent Mortgage Services, knows at...
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