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You can find a mortgage broker almost anywhere. But in today’s rapidly changing economic climate, you need more than a mortgage. You need informed analysis of your needs, assistance navigating through today’s bewildering product choices, and objective advice in making the decision that’s right for you.

From the moment you contact us, our Mortgage Concierge Advisors respond to your every need, anticipate roadblocks before they happen, and keep you informed and confident throughout the process....Read More

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Latest Articles

THE TRUTH IS banks don’t work in your best interest!

May 4th, 2012

The truth is mortgage brokers don’t like banks. Sure we have bank accounts and car loans like most Canadians but we don’t like how they treat mortgage customers. The banks aren’t going to work in your best interest.

This week I had a client call me who had a mortgage at a major bank and he is selling and buying and moving up in price. He wants to take his mortgage with him and increase the loan amount.

His bank is notorious for staggering the renewal dates of the terms to make it more difficult for a client to switch to another lender…
Continue reading “THE TRUTH IS banks don’t work in your best interest!” »

Tags: Mortgage Loan, Mortgage Payments
Posted in Market Updates, Mortgage, Mortgage Broker |

The Party Is Almost Over!

April 20th, 2012

The Bank of Canada left their overnight rate the same on Tuesday but they are signaling increases to begin July or October of this year and their inflation projections have improved.

That means bond yields will rise pushing the price of mortgage rates higher. Combine that with government guidelines that banks will be required to follow and we will see a cooling of the housing market.

For first time buyers, affordability may become out of reach but if you own a home now and have a mortgage that may not mean much to you. However, more and more people are increasing their debt through credit cards or through home equity lines of credit. It seems we enjoy going out for dinner “on the house”.
Continue reading “The Party Is Almost Over!” »

Tags: Bond Yield, Canada Prime Rate, First Time Home Buyers, Mortgage Rates
Posted in Market Updates, Mortgage, Rates |

Rates Have Settled!

April 5th, 2012

Pretty much all of the banks and mortgage companies have adjusted their mortgage rates. With the announcement of the provincial and federal budgets last week, markets have settled a bit and the bond market has increased slightly

Today a 5 year fixed mortgage is around 3.39% – 3.49% and the 5 yr bond yield is at 1.61% giving lenders a healthy spread of 1.78%. That should keep things in check for now.

But as the economy slowly improves (and it will) bond yields will creep up as investors move back to the stock market and mortgage rates will gently follow.

Tags: Bond Yield, Fixed Mortgage, Mortgage Rates
Posted in Market Updates, Mortgage, Rates |

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