OTTAWA (Reuters) – The Bank of Canada softened its stance on the need for interest rate hikes on Wednesday, saying it will likely hold its benchmark rate steady for “a period of time” but that its next move would still probably be a hike rather than a cut. The central bank held its overnight lending […]
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2 main advantages of being a First Time Home Buyer!
Two main advantages for buying a home as a first time buyer. -Exemption from the Property Transfer Tax as long as the purchase is under $425,000. Anything from $450,000 or higher you must pay the full amount. Between $425,000 and $450,000. The amount payable on a new home purchase is 1% on the first $200,000 […]
The perfect time to get creative is NOW!
Waiting for Perfect:We all have an image in our mind’s eye of the perfect time and space to do our creative work. An amazing studio overlooking the ocean with the brilliant light of a sunset washing colour through the floor-to-ceiling windows. Eight uninterrupted hours where we can really focus and let our brains wander around […]
Interest Penalties
Interest penalties between a big bank and a mortgage only lender. There is a huge difference as the calculations are much different. Remember, it’s not always about rate. That number you see is not the deciding factor. It should be what’s behind that rate and what commitment your broker will give you to manage your […]
Why it’s SO important to talk to a Mortgage Professional
In the last couple weeks I have begun to feel really bad for a couple of my trusted realtor partners. They have had clients whom have gone to their bank for financing and have been given the green light to go out shopping. Well, in these few cases all of them were unable to purchase. […]