Mortgage Blog

Category: Financing (26 posts)

All about Leveraging

April 6, 2023 | Posted by: Andrew Wade

LEVERAGE: IS IT TIME TO RE-THINK YOUR STRATEGY? Leverage, (defined by Investopedia) is an investment strategy of using borrowed money — specifically, the use of various financial instru ...

DLC Canadian Mortgage Market Update

April 5, 2023 | Posted by: Andrew Wade

In March, the global economy was focused on systemic risk in the banking sector. Following three bank failures in the U.S., markets were roiled again by the forced sale of Credit Suisse to UBS. In ...

The Bank of Canada maintained its target overnight rate at its effective lower bound of 0.25% but now suggests it could begin raising rates in the second half of 2022--a year earlier, owing to unexpec

October 18, 2022 | Posted by: Andrew Wade

Bank of Canada Scales Back Bond Buying Today, the Bank of Canada held its target for the o ...

Extended lockdowns in December weakened the jobs market in January. The unemployment rate surged 0.6 percentage points to 9.4% as employment fell, largely in Ontario and Quebec.

February 5, 2021 | Posted by: Andrew Wade

Extended Lockdowns Batter Jobs Market This morning, Statistics Canada released the January 2021 ...

Canada's Fiscal Response To COVID is the Largest in the Industrialized World

December 1, 2020 | Posted by: Andrew Wade

Federal Fiscal Update--Finance Minister Freeland's Debut Justin Trudeau’s government, which has delivered the bi ...

Getting a Mortgage when you are New to Canada

November 15, 2020 | Posted by: Andrew Wade

Getting a Mortgage When You’re New to Canada. Canada has seen a surge of international migration over the last few years. In 2019, we welcomed a total of 313,580 immigrants to the country! This ...

Canada's economy nosedived -38.7% in Q2--not quite as bad as expected!

September 5, 2020 | Posted by: Andrew Wade

Canadian Economy Tooka Record Nosedive in Q2 Canadian real GDP plunged 11.5% in the second quarter, o ...

September update on Canadian economy with Dr Sherry Cooper

September 4, 2020 | Posted by: Andrew Wade

Canada Has Recouped Two-Thirds Of Pandemic Job Losses The August Labour Force Survey, released ...

Interest rate drop more likely in 2019 than hike!

May 8, 2019 | Posted by: Andrew Wade

INTEREST RATE CUT MORE LIKELY THAN HIKE IN 2019 When the Bank of Canada decided this month to keep its benchmark interest rates stable at 1.75%, it signalled the weakening economy makes it unlikely a ...

Banks that may not be familiar to you

May 6, 2019 | Posted by: Andrew Wade

BANK THAT MAY NOT BE FAMILIAR TO YOU Quiz time! Who is the largest non-bank mortgage originator in Canada with over $100 billion dollars in mortgages under administration? Answer – First ...

New incentives offered for New Home Buyers!

April 30, 2019 | Posted by: Andrew Wade

FEDS OFFER NEW INCENTIVES FOR NEW HOME BUYERS In this year’s budget, the federal government announced a program for first-time homebuyers that would offer between 5% and 10% top up from the Can ...

Tips for Buying your first Home

February 7, 2019 | Posted by: Andrew Wade

BUYING YOUR FIRST HOME? – THESE TIPS WILL SAVE YOUR LIFE So you’re wanting to buy a new home? That is some very exciting news. First question, are you prepared?!We all know big-item purch ...

Reverse Mortgages bucking the trend

December 19, 2018 | Posted by: Andrew Wade

WHY REVERSE MORTGAGES ARE BUCKING THE DOWNWARD TREND The reverse mortgage market in Canada has been increasing at a phenomenal rate over the last few years. In fact, for HomeEquity Bank, the provide ...

Canadian Market Update December 2018

December 14, 2018 | Posted by: Andrew Wade

CANADIAN JOBLESS RATE FELL TO A 42-YEAR LOW IN NOVEMBER With so much bad news coming out about the economy, Statistics Canada this morning posted a blockbuster jobs report, mitigating worries about t ...

Credit Scores and how important they are!

December 4, 2018 | Posted by: Andrew Wade

LOOKING FOR A MORTGAGE… YOU BETTER KNOW YOUR CREDIT SCORE Over the last month, as the big banks and many of our monolines mortgage lenders wind down their fiscal year, we are starting to see s ...

Co-Signor's

November 29, 2018 | Posted by: Andrew Wade

WOULD A CO-SIGNER ENABLE YOU TO QUALIFY FOR A MORTGAGE? There seems to be some confusion about what it actually means to co-sign on a mortgage… and any time there is there is confusion about m ...

Want to buy a rural property? Here is what your in for!

September 14, 2018 | Posted by: Andrew Wade

Living in the country has extreme appeal for some people. Space, peace and quiet, big home, big yard, place to raise your family… the list goes on. If you are considering buying a rural home, t ...

Mortgage Brokers Have solutions

September 10, 2018 | Posted by: Andrew Wade

A lot of people are getting stressed out by Canada’s new mortgage stress test. In the past, if you had a good sized down payment (ie 20%) someone with a low income could purchase a home even if ...

Q2 CANADIAN GROWTH REBOUNDED TO 2.9%

August 30, 2018 | Posted by: Andrew Wade

This morning, Stats Canada released the second quarter GDP figures indicating a sharp rebound in growth to its most robust pace in a year. Real gross domestic product growth accelerated to 2.9% (all f ...

What is a Monoline Lender???

May 29, 2018 | Posted by: Andrew Wade

WHAT IS A “MONOLINE” LENDER? What usually follows once someone hears the term “Monoline Lender” for the first time is a feeling of suspicion and lack of trust. It’s unde ...

Turning your home into an investment property!

May 28, 2018 | Posted by: Andrew Wade

Turning your home into an investmentt property. If you are retaining your residence as an investment property (rental) and moving on to your next home, there's one very important first step. Bef ...

5 Ways to Simplify Your Financial Life

August 9, 2017 | Posted by: Andrew Wade

No matter who you are or what you do for a living, it can seem like your bank statements, credit card receipts, and other financial documents are burying you alive. If you are struggling under the wei ...

Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards

July 12, 2017 | Posted by: Andrew Wade

Savvy Spender: Simple, Smart Ways to Make the Most of Your Credit Cards With their vast array of special perks and member benefits, credit cards are an appealing financing option for modern consumers ...

Saving For College: Four Tips For Parents

November 23, 2016 | Posted by: Andrew Wade

One of the prime concerns of parents, especially parents of teenagers, is how their children will be able to afford college tuition. With prices going up each year at even state and community colleges ...

Strategies to Dig Yourself Out of the Debt Hole

November 16, 2016 | Posted by: Andrew Wade

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ...

Why You Need an Emergency Fund And How to Get One

November 9, 2016 | Posted by: Andrew Wade

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ...

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