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Ringing in the new year: here's what I'll be watching in 2023
With 2022 now in our rear-view mirror, it’s time to look ahead at what the coming year may have in store.I think it’s fair to say 2022 is a year many of us won’t soon forget.It was a year that started...
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Down Payment Documents
We often get a number of questions on what documents are required to confirm down payment. The majority of lenders require a 90-day history. All large deposits also need to be verified which could...
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Bank of Canada Raises Rate by 50 bps
The Bank of Canada raised its key lending rate by 50 basis points this morning, bringing it to 4.25%.In its statement, the Bank said it “will be considering whether the policy interest rate needs to...
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What you need to know about "trigger rates"
There’s been a great deal of talk in the media lately about variable-rate mortgage borrowers hitting their so-called “trigger rate.”Below, I’m going to explain what that trigger rate is, the...
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