Each Office Independently Owned & Operated
Posted by: Jennifer Koop
OCTOBER DATA CONFIRM THAT HOUSING IS IN FULL REBOUND Statistics released November 15th by the Canadian Real Estate Association (CREA) show that national home sales rose for the eighth consecutive month. Activity held steady in October at the relatively robust September pace following a string of monthly increases that began in March. Existing home sales […]
Read MorePosted by: Jennifer Koop
PAYMENT FREQUENCY One of the decisions you will need to make before your new mortgage is set up, is what kind of payment frequency you would like to have. For many, sticking to a monthly payment is the default, however, different frequencies may end up saving you less interest over time. Monthly Payments Monthly payments […]
Read MorePosted by: Jennifer Koop
With all the news we have seen on the election, I thought I would sum it up from a mortgage industry perspective. What the liberal win means for your mortgage: 1. We will see the continuation of the First Time Home Buyers’ Incentive. Check out the link for more information here: 2. Property Transfer Tax […]
Read MorePosted by: Jennifer Koop
Fixed Rates Outweighing Variable We are currently in a very unique situation when it comes to 5-year fixed and 5-year variable interest rates. For the first time in almost a decade, the lowest 5-year fixed interest rate is more than 0.30% lower than the lowest available variable interest rate for new mortgages. For some, their […]
Read MorePosted by: Jennifer Koop
AUGUST DATA CONFIRM THAT HOUSING HAS TURNED THE CORNER Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the sixth consecutive month. Transactions are now running almost 17% above the six-year low reached in February 2019, but remain about 10% below highs reached in 2016 and 2017. Toronto, […]
Read MorePosted by: Jennifer Koop
FIRST TIME HOME BUYERS INCENTIVE PROGRAM The new First Time Home Buyer Incentive program from CMHC (Canadian Mortgage and Housing Corporation) was officially released on September 2. This program was met with mixed reactions across the mortgage industry, but we wanted to take a minute to give you the facts regarding the program. Below are […]
Read MorePosted by: Jennifer Koop
CLOSING COSTS Closing costs are a necessity when it comes to purchasing a home. They are not included in down payments, they are not included in monthly mortgage payments, nor are they included in the purchase price of a home, but you are still responsible for paying them, in full. Knowing they exist is half […]
Read MorePosted by: Jennifer Koop
BANK OF CANADA CONCERNED ABOUT TRADE RISKS The Bank of Canada held rates steady today, as expected, highlighting “trade policy developments” as an “important and growing source of uncertainty for the global and Canadian outlooks.” As the seventh round of NAFTA negotiations commenced in Mexico City, President Trump dropped a bombshell late last week, threatening […]
Read MorePosted by: Jennifer Koop
4 SIGNS YOU’RE READY FOR HOMEOWNERSHIP While most people know the main things they need to buy a home, such as stable employment and enough money for a down payment, there are a few other factors that may help you realize you’re ready, perhaps even earlier than you thought! As a mortgage broker, it is […]
Read MorePosted by: Jennifer Koop
1 – I shop the best rates and products from 90 different Banks, Credit Unions and Trust Companies including: TD Bank, Scotia, Tangerine, and many others. 2 – My services are free as the bank pays me a finder’s fee. The Industry is changing and banks now have to compete for business, so they value […]
Read More