When I ask “Do you have mortgage insurance?” I often get either one of these two responses:1) I put in more than a 20% downpayment so I didn’t have to pay itor2) I have enough term/whole life insurance to cover pay off my mortgage Both can be valid responses depending on the context because both […]
September 2023 market update
Canada’s housing market continues to slow down with August marking the second consecutive month of declining home sales. Tight demand and supply conditions have also eased, slowing home prices’ pace of growth. Inflation increased to 4% in August, up from 3.3 % in July, posing a persistent challenge for the economy and the Bank of […]
First-time homebuyers
Richelle Morgan was excellent to work with and handled all of the challenges of our process with great skill and professionalism. Many thanks to her for getting our application over the line with a reputable lender and a solid rate. We look forward to continuing to work with her in the future. S & T
95% of borrowers opted for a fixed-rate mortgage in June 2023
Personally, I will always opt for a fixed mortgage rate over a variable rate. It’s a decision based on your risk tolerance and overall budget. In a research report by National Bank Financial, a record 95% of borrowers opted for a fixed-rate mortgage in June. This is largely due to the uncertainty around the Bank […]