Residential Mortgage Rates With the latest Bank of Canada 25 basis point drop, it is a good time to discuss rates again. Remember that the rate announcement ONLY directly affects variable-rate mortgages. Fixed interest rates do not automatically change, as these are directly affected by daily bond yields. Since the media does not focus on […]

Weathering the Financial Storm: Finding Your Way Forward (For Real Estate Owners) Nearly five years ago, COVID-19 struck like an unexpected storm, disrupting lives and livelihoods and leaving a trail of financial instability and stress. For many, the fallout persists today, amplified by poorly managed interest rate policies and escalating economic pressures. As a result, […]

Shopping with a Pre-Approval that Will Stand Up It’s really disturbing (across the industry) to see how many people’s “pre-approvals” are NOT converting to “full financing approvals.” When a pre-approval falls apart, it affects everyone that is a party to the transaction. It’s often embarrassing, frustrating, and stressful for the purchaser, and the truth is […]