About the Blog

A mortgage blog chock full of advice and tips to help you better understand key terms, and the latest mortgage news.

Lest We Forget

By Liz | November 10, 2020

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

Meals to Go During COVID-19 with Ritz Catering & Grill

By Liz | June 3, 2020


Navigating COVID-19

By Liz | June 3, 2020

Federal Budget 2019 – Actions for Homebuyers

By Liz | March 20, 2019

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…

Get To Know Title Insurance

By Liz | February 7, 2019

Are you officially Mortgage Free? CONGRATULATIONS! That is a monumental milestone to achieve! With that significant accomplishment, you should look at obtaining a Title Insurance Policy. What most people don’t realize is that when you had a mortgage, the lender will likely have had this in place for you. Once your mortgage is paid out…


By digitalmedia | February 1, 2019

How to Renew Your Mortgage in 5 Simple Steps!

By Liz | January 7, 2019

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…

Bank of Canada Turns the Tide

By Bill Macklem | July 19, 2017

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…

Housing Demand Normalizes as Supply Dwindles

By seanf@macklemmortgages.com | April 27, 2017

Housing Demand Normalizes as Supply Dwindles The British Columbia Real Estate Association (BCREA) reports that a total of 9,826 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March, down 21.8 per cent from the same period last year. Total sales dollar volume was $6.79 billion, down 30 per cent from March…

BC Introduces Innovative New Program to Help First-Time Homebuyers

By seanf@macklemmortgages.com | December 19, 2016

In a move to help BC citizens and residents buy their first home, the BC government announced today that it is launching a new program to augment down payments for first-time buyers. The B.C. Home Owner Mortgage and Equity Partnership program contributes to the amount first-time homebuyers have already saved for their down payment, providing…

Why Trudeau’s Tighter Mortgage Rules Are Likely Canada’s Last

By seanf@macklemmortgages.com | November 18, 2016

(Bloomberg) — In 2006, in the middle of one the hottest years on record for Canadian housing, then Bank of Canada Governor David Dodge sent a testy letter to his counterpart at the country’s mortgage insurer warning about lax standards fueling demand for homes. Today, Dodge has new words of caution: worry more about supply.…

Morneau Takes Out the Big Guns to Slow Housing – New Stress Test & More

By seanf@macklemmortgages.com | November 16, 2016

Ottawa unveiled major initiatives to slow housing activity both by potentially discouraging foreign home purchases and, more importantly, by making it more difficult for Canadians to get mortgages. As well, the Finance Minister is limiting the degree to which mortgage lenders can buy portfolio insurance on mortgages with downpayments of 20% or more. Ottawa has…

Mortgage Rule Changes – Oh How Times Have Changed

By seanf@macklemmortgages.com | November 15, 2016

With the recent changes to the mortgage rules in Canada, we take a moment to look back at the evolution of the mortgage, and to highlight these new changes and what they mean. LOOKING BACK BEFORE 2008 During this time, lending and mortgages were much more laid back! There was 100% financing available, 40 year amortizations,…

A Pre-Approval Is Not Really a Pre-Approval

By seanf@macklemmortgages.com | July 13, 2016

A Pre-Approval Is Not Really a Pre-Approval There is a misconception out there that once you’re pre-approved, you’re good to go. A pre-approval simply means that based on your CURRENT income, expenses, down payment and credit you SHOULD be able to get fully approved once you find the right property (this is the first half of…


By seanf@macklemmortgages.com | June 30, 2016

Our business partner Uli’s Restaurant is sharing the ingredients to their delicious Uli’s 4.0 Burger! Ingredients: Potatoe Bun Garlic Aioli Arugula 7 oz all beef patty with salt & pepper BBQ sauce (see the chef’s recipe posted below for more details)* Goat Cheese Fermented Jalapenos Crispy Shallots *Chef’s BBQ Sauce Recipe: 100oz ‘6 in 1’…