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A great mortgage solution not only fulfills all your current financial requirements but makes sure that you are not burdened with any hefty payments. I offer some of the lowest rates in the market, making sure that your next mortgage payment is well within your means. The table below shows a comparison between today’s Market Rate and the rate offered by us.
Hot August for home sales
Canada’s housing market has yet to take its summer vacation. August numbers from the Canadian Real Estate Association show sales rose 33.5% compared to a year ago and were up more than 6% from July’s [...]
Debt ratio dips, but not for everyone
One of the biggest vulnerabilities in the Canadian economy got a bit smaller in the second quarter. Statistics Canada reports that the amount of debt-to-household-income dipped to 158.2%, from 175.4% in the first quarter. So, [...]
Debt and delinquencies up, but under control
A strong rebound in the housing market has helped push Canadian consumer debt to nearly $2-trillion. Credit monitoring firm Equifax says consumer debt rose 2.8% in the second quarter, compared to the same period in [...]
Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also [...]
A Big Fall, But a Bounce off the Bottom
The Canadian economy took a record setting hit in the second quarter. Gross Domestic Product for April, May and June shrank by nearly 40%, on an annualized basis. The plunge was not a surprise for [...]
Just delayed, not dormant
Canada's real estate market made a remarkable recovery in July and there are expectations it will continue for another couple of months. Back in the spring real estate was heading into one of the tightest [...]