by Frances Hinojosa | Jul 3, 2020 | Blog, Economy, Homeownership
When you took out your current mortgage, you were required to make a number of key decisions, such as the type of rate you wanted – fixed or variable – the amortization period, whether it was open or closed as well as what term you wanted. A mortgage term...
by Frances Hinojosa | Jun 26, 2020 | Blog, Economy, Homeownership
For most parents, watching their children head off to college or university causes a wide range of emotions. Hopes and happiness are mixed with worries and sadness and the adjustment can be very difficult. Emotions aside, there is also the weight of the...
by Frances Hinojosa | Jun 19, 2020 | Blog, Finance, Homeownership, Mortgage
Before you head out home shopping, it’s important to first determine how much you can comfortably afford to spend. Not only will getting your mortgage agent to arrange a pre-approval help you understand what lenders look for when granting you a home loan, but it will...
by Frances Hinojosa | Jun 12, 2020 | Blog, Economy, Homeownership, Mortgage
While interest rates shouldn’t be your sole focus when securing a mortgage, they do represent an important part of the financing equation. Since the COVID-19 pandemic began, the Bank of Canada (BoC) has announced several unscheduled benchmark rate reductions....
by Frances Hinojosa | Jun 5, 2020 | Announcements, Blog, CMHC, Homeownership, Mortgage
The COVID-19 pandemic is having an impact on all sectors of Canada’s economy, including housing. Job losses, business closures and a drop in immigration are adversely affecting Canada’s housing markets, and CMHC foresees a 9% to 18% decrease in house prices over the...
by Frances Hinojosa | May 15, 2020 | Blog, Homeownership, Mortgage
Am I ready now? How will I even know when I’m ready? Buying your first home is exciting and scary all at the same time. Much like other major milestones, such as getting married and starting a family, there’s really no such thing as being completely ready. But when...
