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The Most Important Question This Spring

The Most Important Question This Spring

Short Version:   The most important question a home-seller must ask their Broker or their banker this spring: ‘Do I QUALIFY to port my mortgage?’   You must re-qualify to port your mortgage to a new property, and you must re-qualify under stringent new...
Three (OK, Two) Reasons Rates Will Not Hit 5%

Three (OK, Two) Reasons Rates Will Not Hit 5%

The link below is worth a read if you are concerned about rates, and I agree with two of three points. #2 not so much.   Short Version Inflation is non-existent The pain would NOT be catastrophic (As explained in past posts) New Mortgage Rules are the ‘New...
What about this recent Bank of Canada interest rate increase?

What about this recent Bank of Canada interest rate increase?

What about this recent Bank of Canada interest rate increase?   Short Version   I am not locking in myself I am staying variable For a variety of reasons   Long Version   If your discount from Prime (now 3.20%) is 0.50% or deeper – then the...
You Need To See This…

You Need To See This…

New mortgage rules are headed our way this fall, and they will affect you.   Short Version: As of this fall (no specific date set yet) you will qualify for 25% less mortgage money than you do today.   Long Version: Have you got: Excellent credit? Huge down...
Are interest rates taking off without you?

Are interest rates taking off without you?

The image is of an actual flight leaving without me July 14, 2017. Despite being given 90min extra due to a delay…I missed it! A first in 25 years of solo travel. I also missed calling this rate hike accurately. It was that kind of week folks.   Initial...