Here is a good article written by my colleague, Pam Pikkert. Mortgage Basics- Mortgage Types and Penalties This is part two of our mortgage basics series. It is a good idea to revisit the basics when looking at a complex thing...
The recent changes announced by Finance Minister Bill Morneau this week are significant and far-reaching. To assist you, I have provided a summary of the changes and how it affects you. I am also providing this link to an excellent...
Written by: Dr. Sherry Cooper, Chief Economist, Dominion Lending Centres There has been much hand-wringing about the overheated housing markets in Vancouver and Toronto. Accelerating price gains in the past year are indicative of a buying frenzy, especially in Vancouver, which...
Clients have the choice of a fixed or variable rate mortgage. Most know that a fixed rate mortgage ensures that the interest rate is guaranteed for the entire term-they will not change regardless of what happens to rates. The...
The Provincial Government has announced a new 15% Foreign Buyer Tax for all deals completing on August 2, 2016 or later. Here are a few points to summarize how the tax works: the tax is 15% of the purchase...