Mortgage Stats and You

Mortgage Stats and You

Amortizations are falling, rate discounts are increasing and consumers have flocked to fixed rates. Those are a few of the trends found in the Canadian Association for Accredited Mortgage Broker’s (CAAMP)  Annual State of the Residential Mortgage Market report....
Good News for Interest Rates

Good News for Interest Rates

There’s good news on the interest rate front. In the Bank of Canada’s (BoC) most recent announcement it maintained its prime rate at 1%, however with one slight difference. Since 2012, the BoC’s report has included a tightening bias, warning...
Your Mortgage Broker and You

Your Mortgage Broker and You

As the mortgage rules have changed over these past few years, so has the role of a mortgage broker. While offering low rates and access to the best products is still very much a part of what we do, our role has expanded as competition for your mortgage business...
Rising interest rates and you

Rising interest rates and you

Over the past few years it seemed every expert was telling us that interest rates would be rising, but after years of record low fixed rates, I think many of us stopped believing the headlines.   With bond prices dropping and yields on the rise, those rates that...