Mortgage Blog
Getting you the mortgage you deserve
Appraisal Impact on Financing
April 7, 2025 | Posted by: Christopher Chanakos
Low Appraisals and Their Impact on Financing: How to Protect Your Transaction In recent times, appraisals have become increasingly unpredictable, with many coming in lower than anticipated. This tren ...
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Understanding Mortgage Rates
February 18, 2025 | Posted by: Christopher Chanakos
Understanding Mortgage Rates: What You Need to Know When shopping for a mortgage, one of the most common questions we ask ourselves is, 'Why don’t I get the advertised low rates?' The reality ...
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British Columbia Introduces Short-Term Rental Registry
January 28, 2025 | Posted by: Christopher Chanakos
The Province of British Columbia has launched a new short-term rental registry to enhance enforcement against non-compliant operators and address concerns about housing availability. Announced by Hous ...
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Understanding Fixed vs. Variable Rate Mortgages
January 22, 2025 | Posted by: Christopher Chanakos
Fixed vs. Variable Mortgage Rate: Which One Works for You? When deciding between a fixed-rate or variable-rate mortgage, understanding their differences is key. Each option has distinct advantages an ...
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Mortgage Renewal Strategies
January 17, 2025 | Posted by: Christopher Chanakos
Renewal Strategies OFSI revealed that 60% of existing mortgages are scheduled to be renewed by the end of 2026, and it estimates that about 60% of these loans (40% of all outstanding mortgages) will ...
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Capital Gains Stratetgy
January 13, 2025 | Posted by: Christopher Chanakos
A capital gains surplus strip is a tax planning strategy often used by Canadian private business owners to extract corporate surplus (retained earnings) from a corporation at a lower tax r ...
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Insured Mortgage Rule Changes
January 11, 2025 | Posted by: Christopher Chanakos
New Insured Mortgage Guidelines Government anounces price cap increase and 30 year amortization on insured mortgages. As part of the changes, the federal government is raising th ...
read moreOFSI - New Stress Test Changes
January 10, 2025 | Posted by: Christopher Chanakos
Did OFSI Drop the Ball? In September, the Office of the Superintendent of Financial Institutions (OSFI) announced a significant policy change aimed at easing barriers for uninsured borrowers seek ...
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Big 5 Mortgage Insurance vs Traditional Life Insurance.
November 20, 2024 | Posted by: Christopher Chanakos
Mortgage Insurance vs. Traditional Life Insurance: What You Need to Know As you near the completion of your mortgage process, you may be presented with the option of purchasing mortgage insurance. Th ...
read morePre Approval Do's and Dont's
November 6, 2024 | Posted by: Christopher Chanakos
Navigating the Homebuying Process: A Guide to Mortgage Pre-Approval For most Canadians, purchasing a home is the largest financial decision they'll ever make. While the process can seem overwhelming, ...
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