How Election Promises Could Affect Home Prices

How Election Promises Could Affect Home Prices

Overall, Canadians have more mortgage debt now than they have ever had. The pace of increase in Canadian housing costs has been news for a long time. Furthermore, in a recent survey, 75% of people who want to buy a home believe they cannot afford one and more than 70%...

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5 Reasons to Work with a Mortgage Broker

5 Reasons to Work with a Mortgage Broker

Mortgage lenders are doubling down on capturing borrowers' attention with advertising on TV, radio and all over the web. Google 'mortgage rates in Burlington' just once, and for the next few months, you'll be targeted with offers for low-interest rates and easy...

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Choosing an Open or Closed Mortgage

Choosing an Open or Closed Mortgage

For new home buyers, the variety of mortgage types and nuances of each can be bewildering. Choosing the right type of mortgage can impact your payments in the short term. It can also impact your future finances by adding or saving thousands of dollars in interest over...

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What’s the Right Amount for a Down Payment?

What’s the Right Amount for a Down Payment?

If you're buying your first house in today's super-hot housing market, figuring out how much you'll need for a down payment can be a source of concern. As home prices continue to climb in most parts of Canada, it can be discouraging to know that as you save, you still...

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The New Mortgage Stress Test is here!

The New Mortgage Stress Test is here!

As of June 1, 2021, changes to Canada's mortgage approval criteria have taken effect. The updated “Stress Test” is an effort by government regulators to cool a super-hot housing market by making it more difficult for homebuyers to qualify for a mortgage. The mortgage...

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4 Reasons Why Real Estate is a Good Investment

4 Reasons Why Real Estate is a Good Investment

When interest rates are at historic lows as they are now, where can you find stable investments with a reasonable rate of return? Where can you find an investment that has the potential to pay a steady income or one that can generate a big impact with relatively small...

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Predicting 2021 Mortgage Rates

Predicting 2021 Mortgage Rates

If 2020 has taught us anything, it’s that things don’t always turn out the way we may expect. Making predictions for 2021 mortgage rates in the middle of a pandemic may be unwise due to the surprising twists and turns we have faced as a collective thus far, but I’ll...

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5 Tips For Buying Your First Investment Property

5 Tips For Buying Your First Investment Property

Buying a rental property is a good investment for your future and a way to generate monthly income. Before purchasing your first investment property, it’s necessary to be aware of what you’re getting yourself into and how you can best navigate any obstacles that lay...

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Mortgage Financing and Real Estate Investing

Mortgage Financing and Real Estate Investing

It is widely accepted that Canada is a great place to invest in real estate. It is a way to generate monthly rental income and also to build wealth over time through increases (appreciation) in the real estate market. What makes real estate very different from many...

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Fixed Vs. Variable Rate Mortgage – HW Advantage

Fixed Vs. Variable Rate Mortgage – HW Advantage

The two main types of mortgages in Canada are Variable and Fixed. With a fixed-rate mortgage, your interest rate (and payment) stay the same throughout the term (i.e., 5-years fixed). Whereas with variable-rate mortgages, your interest rate (and payment) can fluctuate...

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Selecting the Suburbs Over the City This Fall

Selecting the Suburbs Over the City This Fall

2020 saw the beginning of a worldwide pandemic, and with it came the halt of regular life and the beginning of a new normal. For many Canadians, this new normal meant saying farewell to commuting to the office in favour of working-from-home. With the fall months...

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5 Tips To Keep Your Credit Score High In 2020

5 Tips To Keep Your Credit Score High In 2020

The global pandemic has caused unforeseen financial turmoil for many Canadians. We have all been staying at home and, many of us have experienced layoffs and pay cuts. If you are interested in purchasing a home this year, it is especially wise to spend some time...

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Getting a Mortgage During COVID 19

Getting a Mortgage During COVID 19

So much has changed over the past several months that it should be no surprise that getting a mortgage has also changed. Even with the economy reopening, mortgage lenders are becoming shy about qualifying new mortgage applications. Record-low mortgage rates and the...

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Tips for Getting Approved When You Are Self-Employed

Tips for Getting Approved When You Are Self-Employed

Year over year we see an increase in the total number of self-employed Canadians. In 2020 it was expected that nearly 20% of the workforce would make their primary source of income from self-employment. Introduce in a global pandemic, rising unemployment, an economy...

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Managing Your Mortgage During COVID 19

Managing Your Mortgage During COVID 19

This has been a trying time both emotionally and financially for many people who may have seen their income reduced or eliminated entirely as a result of the COVID 19 pandemic. Mortgages are often the largest bill you have to pay each month, and therefore can be...

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Now There is Less to Stress About the Mortgage Stress Test

Now There is Less to Stress About the Mortgage Stress Test

What Changes to the Minimum Mortgage Stress Test Rate Means to Potential Homebuyers Getting a mortgage in Canada is about to get a little bit easier when the Department of Finance’s criteria for mortgage approval (the mortgage stress test) changes in April. This is...

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The Advantage Beyond the Mortgage Close

The Advantage Beyond the Mortgage Close

How our team is committed to supporting our clients beyond the close of business As in any industry you will meet the good, the bad and the indifferent; and yes, that unfortunately does include the mortgage arena. However, when you meet a mortgage broker who truly...

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Where Key Federal Parties Stand on Housing

Where Key Federal Parties Stand on Housing

Know more before you vote on Monday, October 21st There is no argument that this Canadian Federal Election is one of the most contentious in recent history. With arguably two key parties vying for control, the key issues that Canadians care about most are often left...

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New Government Shared Equity Plan… What is the Risk?

New Government Shared Equity Plan… What is the Risk?

The Government of Canada recently introduced an incentive program for first-time home buyers that has many people outside the industry wondering if it’s a good move to help the next generation get into a home, or if it doesn’t really quite fill the need. Essentially,...

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