What does the rate increase mean for me?
A few things about the last Bank of Canada rate increase. The increase in the Bank of Canada’s (BOC) means that the variable rate increased…
Category: Mortgage
Why should I use a mortgage broker?
Using a broker has changes so much over the years. Your parents and grandparents may remember using a mortgage broker as something you would do…
Too Much Debt
Today’s story is called “Too Much Debt” Tom and Sally live in a great family neighbourhood. They love the schools their kids go to and…
SUMMER….where did it go?
I can’t believe that it’s October and summer is gone. Where did the summer go? More importantly where did this year go? Its been a…
What’s the lowest rate for a 5 year variable mortgage?
Things are not always what they seem. Today, I received a call from a current client who is closing his mortgage this week and he…
Introducing City Mortgage Group
2018 has been the year of change and today is no different. As of August 2018 Lisa and I have decided to close L A…
How will the Bank Of Canada announcement affect me?
The sky is NOT falling? All the economists predicted that we would have a rate increase in July. In fact most predicted that we would…
Getting home quicker
Sometimes it takes a village, this seems to be the theme of 2018. With the new stress test imposed in January 2018, the increase in…
Should I go variable or fixed?
First questions clients always ask is “What’s the best rate?” and it’s closely followed by “Should I go variable or fixed?” My answer is a…
Why are variable rate drops creating a surge in mortgage activity?
This Spring we’re seeing lenders getting aggressive with their pricing for variable rate mortgages: a sign that lenders are fighting for market share, making it…