Should the Government Intervene in the Canadian Housing Market?

The Supply of housing stock has been out of sync with Demand for quite some time, which helps explain real estate’s resiliency through recessions and the current pandemic. Ultra-low interest rates and demographics are driving demand. Many see this as a “once in a lifetime” opportunity to secure a mortgage for less than 2%. There’s…

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Canadian Mortgage Professional Magazine Hall of Fame 2020! “It’s a long way to the top – but the best leaders take people with them on their journey. The members of CMP’s 2020 Hall of Fame class have not only been successful in their own careers, but have also prioritized collaborating with fellow mortgage professionals and…

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Lest We Forget

In honour of Remembrance Day, Bill has found a copy of an interview Delta Cable did with his Dad, back in 1998. Dad has since passed, but it was good to watch the video and hear the War stories again. Lest we forget Stay safe and take care everyone

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Federal Budget 2019 – Actions for Homebuyers

In its fourth fiscal plan, the Trudeau government spent its entire revenue windfall leaving the deficit projection little changed. In this election budget, Finance Minister Bill Morneau announced $22.8 billion over six years in new spending initiative mostly for homebuyers, students and seniors. Trudeau promised in his first budget to have eliminated all red ink…

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How to Renew Your Mortgage in 5 Simple Steps!

If you have a mortgage, you’ll be completing a mortgage renewal when your current term has finished. While most Canadians spend a lot of time and expend tons of effort shopping for an initial mortgage, the same is generally not the case when looking at mortgage renewals. So what is a mortgage renewal? Mortgages terms…

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Bank of Canada Turns the Tide

For the first time in seven years, the Bank of Canada announced today that it was hiking its key overnight rate by a quarter percentage point (25 basis points) bringing it to 0.75 percent as the economy has staged a broadly based economic expansion this year. In a break from tradition, the Bank has taken…

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