by Julie Dugas | Mar 17, 2023 | Blog, Homeownership, Mortgage
It’s no surprise that many Canadians are feeling the pinch of higher inflation, higher interest rates and higher home prices. But an overwhelming majority continue to believe real estate is a good long-term investment. The latest information from Mortgage...
by Julie Dugas | Mar 3, 2023 | Blog, Mortgage
Are you worried about being turned down for a mortgage or not being able to renew with your existing lender? If so, you’re not alone. Mortgage qualification is more difficult right now due to higher interest rates and lower property values. Fortunately, mortgage...
by Julie Dugas | Jan 20, 2023 | Blog, Homeownership, Mortgage
Canada’s banking regulator – The Office of the Superintendent of Financial Institutions (OSFI) – announced three new regulatory proposals in January that could further limit mortgage lending pending a consultation period. OSFI’s three proposals are focused on debt...
by Julie Dugas | Jan 6, 2023 | Blog, Economy, Homeownership, Mortgage
Most regions of the country (60%) are expected to shift into balanced market territory in 2023 – a trend that’s already starting to materialize as a result of current economic conditions – after a seller’s market dominated for much of the pandemic, says RE/MAX...
by Julie Dugas | Dec 16, 2022 | Blog, Homeownership, Mortgage
There are many benefits to homeownership in any market. It’s important not to let the media tarnish your homeownership journey. And with average rent in Canada rising nearly 12% year-over-year in October 2022 to almost $2,000 – according to the National Rent Report –...
by Julie Dugas | Nov 18, 2022 | Blog, Mortgage
In a rising rate environment like we’re currently experiencing, chances are you’ve heard the word “trigger” a lot lately, especially if you’re in a variable-rate mortgage.What’s a Trigger Rate? A mortgage is made up of two components: 1) Interest; and 2) Principal....
