Banks Bury Savings Owed to Canadians
On Wednesday July 12, 2017, the Bank of Canada raised its key lending rate for the first time in 7 years, citing current economic growth and increased consumer spending as key reasons. An increase in the key lending rate brings […]
Read MoreLocal Guelph Brokerage Honoured as Canada’s Mortgage Brokerage of the Year
Guelph has made many headlines in the past year, and notably came top of the 2017 MoneySense Where to Buy Now list. Now Guelph has made it to the real estate headlines once again: local brokerage Champion Mortgage Inc. has […]
Read MoreCurb appeal, why should we care?
Curb appeal is more than simply making your house look pretty and appealing from the road, it is all about helping preserve the value and could save you money over the long term. Here are 5 tips to improve your […]
Read MoreThinking spring and getting your home ready to go!
At the first sight of Robins and the warm sun everyone in Canada starts thinking about Spring and being outside. Before actually opening up the deck and enjoying the outdoors there are a number of things that should be done […]
Read More10 Year Fixed Rate Mortgages – The Game Plan Didn’t Work
A few years back, when the economy was unclear and rates appeared to be at record lows, it was common practice for people to take a 10 year fixed rate mortgage. In theory, it made sense to lock in for […]
Read MoreSix Tips To Add Value For A Quick Home Sale
1. Declutter Look and really see what is in each room. Removing items will make each room appear bigger. Consider removing personal items too so buyers can easily visualize their own style in the home 2. Fresh Paint Paint is […]
Read MoreCMHC increasing insurance premiums, Again
CMHC reviews their insurance premiums on a regular basis, and based on the increased capital requirements which took effect January 1st 2017 CMHC will be increasing their premiums to have more capital on hand in case of an increase mortgage […]
Read MoreFinancing Advice for New Canadians
When you are buying a home and need a mortgage the process isn’t always smooth. If you are new to Canada the process can be even more involved so taking a few steps before can save you a lot of […]
Read MoreNew Major Rule Change Has Huge Impact on Home Buyers
On Monday, The Department of Finance made changes to mortgage qualification rules which will have a huge impact on all insured mortgages. As of October 17th, all insured mortgages must pass a ‘stress test’ to ensure homeowners can continue to afford their homes […]
Read More“I don’t remember having to provide that!”
This is a phrase we often hear, from individuals getting a mortgage. The world of mortgage lending has changed over the last 30 years. Gone are the days when you could go into your local bank, shake the manager’s hand […]
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