The Variable Rate War is Heating Up

The Variable Rate War is Heating Up

“Mortgage shoppers looking to get a variable rate are in luck. The country’s biggest banks are currently slashing rates and clamouring for their business,” states a report by Canadian Mortgage Trends. You can (and should) read the full article here. So...
Steve’s ‘Really Real’ Real Estate Update

Steve’s ‘Really Real’ Real Estate Update

Lately I find myself watching the real estate market like a hawk – our mandate at the Personal Mortgage Group is always to stay current on the driving forces in the real estate market – but right now I have a personal stake in what’s happening.  My wife...
Rates: What Goes Up Must Come Down

Rates: What Goes Up Must Come Down

Rates: What goes up must come down. Or “how I learned to stopped worrying and love the uncertainty” In the past, the simplest way to predict what the Bank of Canada (BoC) would do with it’s key lending rate – y’know, the one that effects the cost of our credit cards,...
The Shell Game

The Shell Game

In the past 15 years, we have been watching big banks and credit unions encourage people to take on Home Equity Lines of Credit (HELOCs) along with their standard first mortgages. To make it easier for the layman to understand, we can call this type of mortgage a...
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