Poloz Opens The Door For A Rate Hike In July

1st June 2018

As expected, the Bank of Canada held rates steady at 1.25% for the third consecutive month but said that first-quarter growth was stronger than expected and that developments since April suggest that higher interest rates will be warranted. The first quarter GDP numbers are out tomorrow morning, and it’s clear the Q1 growth will be […]

Read More

Fake-ish News

8th May 2018

 Fake(ish) News: ‘Mortgage Rates Went Up Last Week Real News: On April 27th TD increased their ‘posted rate’. What’s a posted rate? It’s the list price, the MSRP — you know that price that nobody actually pays…’rack rates’. Posted is not Prime, Prime is not Posted – there is no connection between Posted and Prime. […]

Read More

What is a Refinance?

4th May 2018

 Refinancing a home is one of those things where people understand what it is but have trouble explaining how it works. To put it simply, refinancing your home allows you to access the equity you have built up, by changing the mortgage amount. Let’s say you bought a $300,000 condo and you paid 20% ($60,000) […]

Read More

Getting on the Property Ladder

27th March 2018

 As property prices continue to rise across Canada, the conversation around “how to climb the property ladder” has made a subtle shift to “how to get on the property ladder in the first place.” Especially if you’re single. Whereas before it was assumed anyone would qualify to buy a starter home (or condo), nowadays with […]

Read More

Getting pre-approved for a mortgage this Spring

26th March 2018

 Apparently, as per the weather experts, March has a lot of snowfall and surprisingly so does April! Hearing this on the radio gives you a wave of emotions: holy cow, oh great, I wonder how many vacation days I have left and when can I take down my Christmas lights. Good news, those same weather […]

Read More

Spring Into Action: Refinance Your Mortgage With the Help of a Mortgage Broker

23rd March 2018

 We sprung forward last earlier this month by changing our clocks one hour ahead. For some, their microwave and oven clocks are once again displaying the correct time since the last time we needed to adjust our clocks (in the Fall). Patience is a virtue – except for when it comes time to refinance a […]

Read More

History of Mortgage Changes

22nd March 2018

 The mortgage industry seems to be ever-changing. What was applicable one day seems to no longer apply to the next and at times, it can be confusing to navigate through what all of these changes mean–and how they impact you directly. As Mortgage Brokers, we firmly do believe that although the industry has gone through MANY […]

Read More

March is fraud awareness month

21st March 2018

 You may have heard that March is Fraud Awareness Month. Authorities are trying to raise awareness of identity theft , phishing schemes and other forms of fraud. What you may not know is that as many as 1 in 5 Canadians are committing mortgage fraud whether they know it or not. Fraud for Shelter Is […]

Read More

But They Said It Was Portable

20th March 2018

 The question most often asked: ‘Is my mortgage portable?’ The answer most often given: ‘Yes.’ This answer is increasingly wrong. In reality you qualify to move ~80% of the balance… maybe. If you are thinking of: Moving (upsizing or downsizing) Locking a variable-rate mortgage into a fixed-rate product … you would be well served to […]

Read More

What Is a “Monoline” Lender?

19th March 2018

 What usually follows once someone hears the term “Monoline Lender” for the first time is a feeling of suspicion and lack of trust. It’s understandable, I mean why is this “bank” you’ve never heard of willing to loan you money when you’ve never banked with them before? In an effort to help you see the […]

Read More

Keeping Your Credit Score Healthy

16th March 2018

 If you haven’t seen your credit score, you’re not alone. Many of our clients don’t know about their credit score or even know what it is when we first meet with them. During our initial consultation, we go over your complete credit report with you. As an added bonus, we’ll even teach you how to […]

Read More

Canadian Real Estate; Candy For The Kids

15th March 2018

 Housing & Smarties All levels of government are trying to control a situation akin to that of 22 kids that want a Smartie, and there are only six-and-a-half Smarties to be had. As authority figures tend to, they are creating all kinds of rules about which kid can have a Smartie, and some kids are […]

Read More

Refinancing in 2018

14th March 2018

 Recently there were changes to the mortgage rules yet again, and one of the rule changes was regarding refinancing your home. At one point in the last 10 years you could refinance your home all the way back up to 95% of its current value, which in many cases has put that property what we […]

Read More

Bank of Canada Concerned About Trade Risks

7th March 2018

  The Bank of Canada held rates steady today, as expected, highlighting “trade policy developments” as an “important and growing source of uncertainty for the global and Canadian outlooks.” As the seventh round of NAFTA negotiations commenced in Mexico City, President Trump dropped a bombshell late last week, threatening to impose a 25% tariff on […]

Read More

Mortgage Broker Value

22nd January 2018

Not surprisingly, borrowers often default to their own Banker. And why not? It’s an established and comfortable relationship. Perhaps it’s viewed as the path of least resistance. But is it the right lender for the borrower’s current specific needs? Perhaps not. More sophisticated borrowers may be of a size or scale that they have their […]

Read More

Bank of Canada Raises Rates Cautiously

17th January 2018

  As was widely expected, the Bank of Canada announced another quarter-point interest rate increase this morning, saying that more hikes are ahead. According to Governor Stephen Poloz, the “big cloud” over the Canadian economy is the uncertainty associated with NAFTA and he cautioned that it would be some time before interest rates return to […]

Read More

Top 5 costly financial mistakes homeowners make with their mortgage

21st November 2017

 1. Not consolidating high interest debt into low interest mortgage. 2. Paying “fees” to get the lower rate 3. Not looking at their long term forecast 4. Taking a 5 year rate when 3-4 years can be cheaper 5. Having their mortgage with a lender that has high penalties and restrictive clauses. Not consolidating high […]

Read More

Will OSFI regulations really strip consumers of choice?

20th November 2017

by Neil Sharma 31 Oct 2017 Mortgagebrokernews.ca The Office of the Superintendent of Financial Institutions has been repeatedly excoriated by mortgage industry veterans for its intervention, but not everybody believes the lending regulations will spell doom and gloom. On the one hand, alternative lenders and mortgage investment corporations will see business surge, but on the […]

Read More

10 things NOT to do when applying for a mortgage – buying a home or refinancing

20th November 2017

 Have you been approved for a mortgage and waiting for the completion date to come? Well, it is not smooth sailing until AFTER the solicitor has registered the new mortgage. Be sure to avoid these 10 things below or your approval status can risk being reversed!   1. Don’t change employers or job positions Any […]

Read More


10th November 2017

The office of the Superintendent of Financial Institutions (OFSI) announced some regulatory changes on October 17, 2017.  There were 3 changes announced, but it was the introduction of a qualifying rate stress test to all non-insured mortgages that will have the most impact on consumers. Home Buyers with a down payment of 20% or more […]

Read More

Fact and Fiction-Our House Magazine

7th November 2017

This story appeared in the Fall issue of Our House Magazine The restored Green Gables property in Prince Edward Island is a blend of Lucy Maud Montgomery’s real childhood home and the one of her fertile imagination.  Stepping into the house at 8521 Cavendish Road in Cavendish, P.E.I., is like walking back a couple of […]

Read More

You just got a mortgage. Now what?

6th November 2017

 Mortgages are a funny thing. On the one hand they allow you to become a home owner without saving up enough money to purchase the home outright, which is a really good thing. On the other hand, even at today’s really low interest rates, as they are amortized over a really long time (most of […]

Read More

The New Normal

2nd November 2017

 ’Tis the season… this was no surprise here! The latest round of mortgage guidelines has been announced by OSFI, or Office of the Superintendent of Financial Institutions. As of January 1, 2018, all conventional or uninsured mortgages will have to qualify at the Bank of Canada 5-year fixed rate or the contractual rate + 2%, […]

Read More

How to Get a Mortgage After Bankruptcy

1st November 2017

 Bankruptcy is always the last resort-and it’s never easy or comfortable. However, sometimes it is the only option to turn to when life throws you something unexpected. The lasting impression it can have on one’s financial profile though can be overwhelming. If you have bankruptcy in your past, don’t fear-we have 6 steps to take […]

Read More

5 Simple Steps to Owning Your Own Home

30th October 2017

Often, the route to owning your own home can seem like a trip to the moon and back. Really though, it comes down to five key steps: 1 – Manage your credit wisely. If there is one thing that will gum up the purchase of that perfect home, it’s an unwise purchase or extra credit […]

Read More

Payment frequency, does it really make a difference?

26th October 2017

 It has been said that there are two certainties in life; death and taxes. Well, as it relates to your mortgage, the single certainty is that you will pay back what you borrowed, plus interest. However, how you make your mortgage payments, the payment frequency, is somewhat up to you! The following is a look […]

Read More

Don’t ‘Fix’ It If It Isn’t Broken

25th October 2017

 By now the media, along with multiple mortgage brokers’ social media feeds, have likely let you know that more changes to your ability to get a mortgage are arriving soon. But so what? Should you care? SHORT VERSION; Probably Not. LONG VERSION; The five ’W’’s follow to help answer the above questions and more; Who […]

Read More

Helping Children with A Down Payment

24th October 2017

 Although home prices in Toronto and Vancouver seem to have stabilized recently, they are still at historical levels. The average home price in these two major Canadian cities are still well over $1 Million. Unsurprisingly, first-time homebuyers are finding it increasingly difficult to get onto the “property ladder”. It is now harder than ever for […]

Read More

And Then We Were Three

23rd October 2017

 This story appeared in the Fall issue of Our House Magazine for Dominion Lending Centres.   Considering adopting a child? Here are some things to keep in mind as you welcome a new family member into your home. November is Adoption Awareness Month in Canada. For Brianna Brash-Nyberg, the public relations coordinator for Adoptive Families […]

Read More

New mortgage changes decoded

20th October 2017

 This week, OSFI (Office of the Superintendent of Financial Institutions) announced that effective January 1, 2018 the new Residential Mortgage Underwriting Practices and Procedures (Guidelines B-20) will be applied to all Federally Regulated Lenders. Note that this currently does not apply to Provincially Regulated Lenders (Credit Unions) but it is possible they will abide by […]

Read More


Use our calculators to find the best mortgage option for you.
Use Now

Why use a mortgage broker?

We will provide you unbiased advice, helping you select your best product (rates and terms) from Canada’s leading mortgage lenders.
Find out more

$25000 Contest Winners

See the lucky winners of our $25000 Contest draws
See Our Winners...
Simple Share Buttons