by Josh | Oct 12, 2020 | Featured, Mortgage Blog, Videos
Happy Thanksgiving from my family to yours. 2020 has been a difficult year for most of us, but I hope we can take this weekend to think of the things we have to be thankful for. Family, friends and our health.
Life in a COVID-19 world is ever-changing. We all experienced a quarantine period – many experienced temporary layoffs, and some more permanent.
by Josh | Jun 8, 2018 | Featured, Mortgage Blog, Mortgage Tips & Advice
Securing a mortgage is perhaps the most difficult part of the process of buying a home. That process is made easier if you have an expert by your side. However, given how rarely we buy homes or refinance our loans, far fewer people know what to look for in a mortgage broker. What should you look for when searching for a Calgary mortgage broker?
by Josh | May 1, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News, Videos
Canada’s housing market has long been considered quite overheated. This trend is mostly driven by the extreme markets of Vancouver and Toronto housing markets; these are the markets that government regulations that limit loan to value ratios among others were targeted at cooling. Conversely, the Fort McMurray housing market is crashing along with activity in the oil patch. But where does that leave Calgary’s housing market?
by Josh | Apr 15, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News
Governor Stephen Poloz and his Governing Council ended their deliberations on April 18th, and the end decision was not to raise interest rates. This has left the benchmark interest rate at 1.25% for now. However, they are unlikely to keep interest rates this low for long. Contact your Calgary Mortgage Broker today to lock in your low interest rate.
by Josh | Apr 1, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News, Videos
What are the options for Millennials to leave the nest? One solution is renting, though that can be expensive in markets like Vancouver and Toronto. A few worry that high housing prices will leave Millennials renters forever. If one is living in a more affordable housing market like Alberta, then it is possible to save up the difference toward a down payment on a new home. Renters benefit from their ability to move wherever work takes them.
by Josh | Mar 8, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News
Thank you, Donald Trump. Those unlikely words from Canadian mortgage leaders are the result of the economic uncertainty created by Trump’s politicization of the renegotiation of NAFTA.
This fact, combined with the slowdown in domestic spending at the end of 2017 that caught the Bank of Canada by surprise, is primarily to blame for interest rates holding steady after the March Bank of Canada meeting. The issue itself isn’t a surprise since it was cited as a future concern in January when interest rates were raised 0.25%.