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Posted by: Yen (Frank) Feng
While the mortgage process can be daunting, we have broken it down into five easy steps to help you get started! 1. Options: Your mortgage professional has access to 90+ lenders with dozens of solutions to suit your mortgage needs. During our initial consultation, your mortgage professional will review your situation and provide an overview […]
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The Canadian labour market has done it again, blowing past expectations for the fifth straight month. In April, a whopping 41,400 new jobs were added, more than double what economists predicted. Since February, monthly employment growth has averaged 33,000, following cumulative increases of 219,000 in December 2022 and January 2023. The employment rate—the share of the population aged 15 and older—held steady at 62.4% for […]
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When it comes to mortgages, it can be easy to get overwhelmed by the sheer number of options. Below are some of the mortgage details that you should understand to ensure that you are getting the best mortgage for YOU: Interest Rate Type Interest rate is one of the major components to your mortgage, and […]
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Approximately 20% of Canadians are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. In order to obtain a mortgage as a self-employed individual, most lenders require […]
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Are you looking to upgrade your home? With warmer weather and extended sunlight hours, spring is the perfect time to give your home a bit of extra TLC. Here are five renovation projects you can do this spring that can increase your home’s appeal, inside and out: 1. Repave your driveway. You may have noticed that […]
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On April 18, Canada’s national banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), released its second Annual Risk Outlook (ARO), outlining what it believes are the most significant headwinds facing the Canadian financial system – and what the regulator plans on doing about it. According to the report, the severe downturn in […]
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In Budget 2022, the Canadian government introduced measures to make housing more affordable. Among these initiatives is a new savings account called the Tax-Free First Home Savings Account. This account is designed specifically to help first-time homebuyers save for a down payment on a home. If you’re dreaming of owning your own home, keep reading […]
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The Consumer Price Index (CPI) fell sharply in March to 4.3% year-over-year, continuing a pattern of repeated declines. Before we break out the champagne, however, much of the drop in inflation resulted from the steep monthly increase in prices in March one year ago (1.4% m/m), the so-called base-year effects. Gasoline prices have fallen sharply […]
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The Canadian Real Estate Association says home sales in March edged up 1.4% in March. Homeowners and buyers were comforted by the fall in fixed mortgage rates as the Bank of Canada paused rate hikes. Bond market yields, though very volatile, have trended downward in March, although they have bounced since the release of this […]
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Buying a home is an exciting experience for anyone, and it is even more of a milestone when you are doing it by yourself. While it can be easier to tailor your mortgage and home search to your needs, it can be somewhat more stressful handling the purchase of a home on your own. In […]
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