Refinancing Could Save You $1,000’s

November 18th, 2016

I know there are a lot of people out there that are pretty comfortable with their mortgage. The banks send you a renewal notice and it’s easy to just keep making the payments. Most people don’t even check the rate to make sure it’s competitive. The last renewal I had, the bank sent me a notice saying their ‘competitive’ rate was 4%. At the time, 3.19% was the going rate. I’m glad a checked! W ...

October Stat Pack

November 6th, 2016
So earlier this month there was a big hoop-la (is that even a word?) about the new mortgage rules the feds implemented. If you haven’t heard, as of October 17th, people applying for a mortgage with less than 20% down will now have to qualify at the Bank of Canada’s posted rate. Currently that sits at 4.64% which is considerably higher than most of the big bank’s interest rates of under 2.5% f ...