Category Archive: Client Updates

Our client updates are designed to educate and inform the reader about events and changes within the Brampton mortgage agent market.

Renewal Time Is Opportunity Time

Canadian Mortgage and Housing Corporation (CMHC) recently released its 2016 Mortgage Consumer Survey. The survey consisted of over 3000 Canadians who had undertaken a mortgage transaction in the last 12 months.  Results show that 62% of respondents had renewed their...

Forty Five Billion!!

That’s what Canadians are spending in renovations this year which is double from just a decade ago. According to an Ipso-Reid survey, two-thirds of homeowners intend to undertake renovations this year. With prices continuing to rise in most markets combined with the...

Making Sense Of The New Budget

The Liberal government is spending big and aiming high with its first budget.  Finance Minister Bill Morneau delivered a budget which is aimed at creating some stimulus for what appears to be a slowing economy.  Unemployment has risen recently to 7.3% and this new...

Million dollar homes and the new down payment rules

The new down payment rules are in full effect. Those purchasing homes above $500,000 will be required to put 10% down on any additional amount above $500,000. Home buyers who purchase homes below $500,000 will see no change. Homes above $1,000,000 require 20% down...

How Do Oil Prices Affect Your Mortgage?

While many economists were forecasting a cut in interest rates, the Bank of Canada announced it will maintain its target for the overnight rate of ½%. They acknowledged that commodities and oil prices continue to take a hit and negatively impact the economy. Since the...

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