by Geoff | Aug 13, 2015 | Bank of Canada, Economy, Finances, Market Updates, mortgage trends, Rates, Uncategorized
The incredible rise of house prices across Canada over the past few years may come as no surprise, but many home owners are sitting on a time bomb and nobody knows when it will explode; however, there has been a lot of talk of rising interest rates to help slow down...
by Geoff | Aug 11, 2015 | Bank of Canada, Economy, Finances, Getting a Mortgage, Mortgage Broker, Uncategorized
When looking for a mortgage you have two choices, mortgage broker or bank. Ask yourself is a broker or bank going to give you the best possible rates. This should be a big deciding factor when making the decision whether to use a mortgage broker or bank. If you use...
by Geoff | Jul 31, 2015 | Economy
Another Troubling Sign for Canadian Economy The Canadian economy contracted in May by 0.2 percent, the fifth consecutive monthly decline. Here we go again. Another in a long list of serial disappointments for the Canadian economy. What is particularly...
by Geoff | Jul 30, 2015 | Economy, Finances, Mortgage Broker
There are many types of mortgage fraud. One of them is the use of straw borrowers, also known as a straw-man. The term straw-man originated in ancient Rome and is based on the theory that every person has two personas—one of them is as a real human being, and the...
by Geoff | Jul 27, 2015 | Bank of Canada, Economy, Finances, Mortgage Broker, Rates
One of the biggest questions we receive is “What is better, variable or fixed interest rate?” The answer really depends on you! Here are some things to look at when considering a variable or a fixed rate: Risk – variable rates follow the Bank of Canada. When...
by Geoff | May 6, 2015 | Economy
“B.C. is poised to lead the provinces in economic growth for the first time in a decade, according to BMO’s Blue Book report.” [Source] The latest edition of the BMO Blue Book shows how Canada’s economic landscape is shifting due to the lower...
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