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Posts in Current Events
Fixed Rates Shoot Up .3% Overnight While Variable Rates Rumoured To Decrease by .25%

All the murmurs of fixed rates rising finally came to fruition as rates jumped as high as 3% overnight. This means that someone seeking a $500,000 mortgage needs to pay almost $1000 more a year than they did yesterday - procrastinating is getting expensive. Get pre-approved to have your rate reserved and consider a variable rate that is rumoured to go down in the coming months.

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Best COVID-19 Government Programs & Cashflow Strategies for Self-Employed People

As the COVID-19 global battle ensues, there have been decisive action by the Canadian government to give small businesses and workers the best chance of weathering the storm. We have compiled a live list of government grants and cash flow strategies that we believe are worth consideration for your small business so that you can continue to save for a mortgage down payment or make current payments on time.

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How COVID 19 Has Given Borrowers a Temporary Advantage When Financing a Property

As COVID-19 escalates dramatically in the second week of March 2020, several changes in the mortgage world directly start to affect homebuyers in both advantageous and potentially detrimental ways.

In the webinar above, Paul Davidescu speaks to the record low mortgage rates and how they are starting to trend upwards as lenders put in extra precautions and some even close their doors. We also cover the new-new stress test which replaces the one announced last month, and finally, we cover what else you can do as a current homeowner or renter to thrive in times of uncertainty.

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The Coronavirus and Mortgage Rates: Is Now the Perfect Time to Buy?

The silver lining of the Coronavirus pandemic is that those who are in the market for a new home or investment property may be in for some big savings. Along with the outbreak of COVID-19, we’ve also seen mortgage rates drop to as low as two percent— which means now could be the perfect time to refinance or purchase a new home. If you’re curious how and why the Coronavirus is affecting the real estate market, and what this could mean for you, read on.

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