The housing market generates a lot of economic activity in Canada. Not just home selling and buying and construction but also for those industries connected to housing such as legal services, moving companies, landscaping companies, home improvement companies, etc. Each year, approximately 620,000 households move into newly-purchased homes in Canada. Of those about 45% or […]
Canadians have a growing love affair with debt. Household debt hit a new record in August as consumer spending jumped 2.3 % in the second quarter of the year, despite the fact that we are also in a recession, “technically” speaking.
So where is this debt coming from? Well, we’re buying houses, cars, furniture and clothing. […]
To put it simply, a Mortgage Broker is your coach and your biggest supporter when it comes to financing your home. They are there to find you the best deal on your home financing by getting to know you and your needs and then taking the information to their lenders to see who will provide […]
What’s a fixed mortgage rate?
A fixed rate will stay the same for the duration of your term. By choosing a fixed mortgage rate, you are essentially “locking in” to pay that exact amount for each mortgage payment you make until you re-sign when the term is up.
+ Fixed rates offer stability. When the market fluctuates, […]
