Bank of Canada maintains overnight rate target at 1/2 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Inflation in Canada is evolving broadly as expected. Total CPI inflation remains near the bottom of the Bank’s target […]

Bank of Canada Rate Update!!!

Bank of Canada maintains overnight rate.

Yet again, the Bank of Canada has opted to keep the target for the overnight rate steady at ½ percent-meaning variable rate mortgages won’t be moving any time soon.

The Bank attributed it’s move (or lack thereof) to weaker-than-expected global economic growth and uncertainty surrounding China’s transition to a […]

Bank of Canada Rate Update

Good news for variable clients and those with lines of credit.

Bank of Canada maintains overnight rate!

Despite global economic uncertainty fuelled by the situation in China, the Bank of Canada is opting to maintain it’s target for the overnight rate at 0.5% this month-although some economists believe another rate cut may still be in […]

Kids Selling Real Estate

Kids Selling Real Estate

This was too cute not to post and very accurate!

Choosing the right Mortgage Broker can save you $1,000's!

Finding the best rate is a FREE service to our clients! More lenders are competing for your business. That’s why more than two out of five Canadian mortgages are now handled by a Mortgage Brokers.

Just as an Insurance Broker finds you the best deal on insurance, a Mortgage Broker finds you the best deal […]


Many people look at purchasing a foreclosure because the price is right. If you are thinking of buying one, here are some things you should think about.

Once a property is listed as a foreclosure on the MLS, it has gone to a court ordered sale. The dealings will be through the realtor the bank […]


In the past few years, the Minister of Finance has been imposing tougher lendering rules making it much harder for the average person to qualify for a mortgage. Even though interest rates are at an all time low, it’s a very good idea to have all of your ducks in a row before writing an […]

Policy Updates: Mortgage Insurance Premiums

In April 2014 the Office of the Superintendent of Financial institutions (OFSI) released a set of Mortgage Insurance Underwriting Guidelines.

In order to comply with OFSI’s new B-21 Insurance Guidelines, our partners at Genworth and CMHC recently announced new pricing for mortgage insurance premiums.

Download Policy Updates on Mortgage Insurance Premiums here.


The Hidden Costs of Home Ownership

These costs can come as a shock to first time home buyers and must be taken into serious consideration.

In his three decades as a real-estate agent in North Vancouver, B.C., Kelly Gardiner has seen a lot of different reactions from people buying a house for the first time. Usually, they’re excited, nervous and overwhelmed. […]