Each Office Independently Owned & Operated
Posted by: Garth Chapman
The article ‘Poloz Rate Hike Had A Hawkish Tone’ originally appeared on the DLC website Poloz Rate Hike Had a Hawkish Tone Note: All the Banks have already follow suit with 0.25% increases to their Prime Rates. As was universally expected, the Bank of Canada’s Governing Council hiked overnight rates this morning by 25 basis points taking the benchmark yield […]
Read MorePosted by: Garth Chapman
As we all know, recreational marijuana is now legal in Canada. The law is set, but implementation and how policies and guidelines will impact our industry are yet to be determined. Generally, 30 grams for personal possession, basically an ounce baggie for those who might relate and up to 4 plants at home. For realtors, […]
Read MorePosted by: Garth Chapman
Nationally, Alberta has the highest percentage of homeowners with mortgage renewals coming up within the next two years. You may be coming up for renewal soon. You may be concerned rates are rising, even with a renewal a few years away. The consensus is rates are increasing in North America over the next year and may […]
Read MorePosted by: Garth Chapman
HOW MANY ACRES ARE YOU PURCHASING? For conventional mortgages, lenders will finance a certain number of acres, a house & a garage. The number of acres that they will consider can vary based on the property location and the norm for that area. The minimum down payment can also vary based on the size and location […]
Read MorePosted by: Garth Chapman
It is very common for people to believe that the rate is the most important consideration when selecting a mortgage product. In many cases, this is a reasonable assumption, many times customer are deciding between mortgage products that are very similar in rate. In this case, as in most, understanding the terms of the mortgage […]
Read MorePosted by: Garth Chapman
Turn the house you like into the Home you will buy! Government restrictions on refinance guidelines have reduced the equity homeowners can access for renovations. High ratio buyers especially, in a market with slow growth value, may wait years before the house has appreciated enough that an 80% Loan to Value refinance provides any money. […]
Read MorePosted by: Garth Chapman
Ever since the variable rate mortgage was introduced, the question became do I choose the fixed or variable rate mortgage. With the recent rate increases, borrowers will usually choose the security of a fixed rate mortgage. This does, however, come with a premium as variable rate mortgages are generally 0.75% less than their fixed counterpart. […]
Read MorePosted by: Garth Chapman
A professional mortgage broker has your interests in mind. They have the knowledge and experience to save you time and will act as a valuable partner throughout the entire mortgage process, expertly handling complex details with the real estate agent, lawyer, lender, and the credit agency. We have the negotiating power and expertise to offer […]
Read MorePosted by: Garth Chapman
An excellent article in the Globe and Mail describes the new complexities in Canada’s mortgage market. It used to be that most borrowers with decent credit and income would receive roughly the same interest rate offer. But those days are gone. Read on… Looking for your best mortgage rate? Here’s 20 questions to ask “What’s […]
Read MorePosted by: Garth Chapman
Actions taken since the 2008 financial crisis to address the federal government’s concerns about Canada’s housing market. July, 2008: • After briefly allowing the CMHC to insure high-ratio mortgages with a 40-year amortization period, then Conservative finance minister Jim Flaherty moved to tighten those rules by reducing the maximum length of an insured high-ratio mortgage […]
Read More