Mortgage Blog

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Have a mortgage coming up for renewal ? You might want to contact a mortgage broker

Have a mortgage coming up for renewal ? You might want to contact a mortgage broker

March 18, 2018 | Posted by: Paul McCormick

It is now more important then ever to use a mortgage broker when looking for a mortgage. The mortgage landscape has changed as a result of the new mortgage stress test. Many clients are disappointed ...

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New Mortgage Stress Test-Mortgage and Home Financial

New Mortgage Stress Test-Mortgage and Home Financial

October 23, 2017 | Posted by: Paul McCormick

New Mortgage Rules took place on January 1 2018 and it has changed the approval process if you are purchasing a home or refinancing your mortgage.   If you are looking to buy and will have 20 p ...

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First Time Home Buyer Tax Credits

First Time Home Buyer Tax Credits

February 23, 2015 | Posted by: Paul McCormick

  Line 369 - Home buyers' amount   You can claim an amount of $5,000 for the purchase of a qualifying home acquired in 2014, if both of the following apply:   ...

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Mortgage and Home Financial Blog- How to apply for a mortgage

Mortgage and Home Financial Blog- How to apply for a mortgage

February 18, 2015 | Posted by: Paul McCormick

Applying For a Mortgage It’s the largest financial investment many will make in a lifetime. Entering into a mortgage is a responsibility not to be taken lightly. Preparation is key. Learning ...

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Canadian Housing Statistics and Data

Canadian Housing Statistics and Data

September 30, 2014 | Posted by: Paul McCormick

CMHC annual reports and monthly updates contain current and historical data on housing in Canada — new construction, new home prices and sales, rental statistics and the demographics of housing ...

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First Time Buyer Plan

First Time Buyer Plan

September 30, 2014 | Posted by: Paul McCormick

Navigating the world of Canadian home buying     Step 1: Figure out how much you can afford. Falling in love with a house you can’t afford can be heartbreaking. Avoid disappointment ...

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2 Out of 3 Do Not shop for a better mortgage rate at renewal

2 Out of 3 Do Not shop for a better mortgage rate at renewal

September 30, 2014 | Posted by: Paul McCormick

Every now and then we see a mortgage stat that’s a jaw-dropper. This finding from Manulife Bank is one of them. It suggests there are a lot more people with money to burn than one might expect. ...

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