7 Mar

Economic Insights from Dr. Sherry Cooper

General

Posted by: Peter Pellegrini

The Bank of Canada was the first major central bank to hit the pause button on rate hikes in late January. Given the slowdown in inflation in the recently released January CPI, The Bank of Canada will refrain from hiking interest rates this month. That is welcome news for homeowners with adjustable-rate mortgages whose rate […]

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7 Mar

Preparing for the Spring Market

General

Posted by: Peter Pellegrini

According to the Canadian Real Estate Association, the Spring market is anticipating a drop in home prices edging down approximately 6% from 2022, putting the average home price at $662,103 in 2023. The downward trend stems from rising interest rates and continued uncertainty in the marketplace. In some cases, sellers have taken their homes off […]

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7 Mar

Fraud Awareness Month

General

Posted by: Peter Pellegrini

Did you know? March is fraud awareness month in the mortgage industry, which makes this is a great time to talk about title insurance! As our insurance experts, FCT is a leading provider of title insurance and has some helpful information for you: For those who don’t know, title fraud can impact both homebuyers and […]

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7 Feb

Economic Insights From Dr. Sherry Cooper

General

Posted by: Peter Pellegrini

Even bond traders and economists are stumped about what the next few years will bring. The repercussions of a global economy that stopped suddenly, shed millions of jobs and initially contracted 30% only to rebound in a flash on the back of free-money government programs are still being felt. Predicting where the economy goes from […]

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7 Feb

Family Day Ideas

General

Posted by: Peter Pellegrini

For those who celebrate Family Day, I thought I would highlight some ideas for special things you can do with your loved ones, and remind them how much you care! From crafts and cooking to volunteer work or exercise classes, below are a few ways you can celebrate Family Day this year: Cook a Meal […]

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7 Feb

What To Know About Second Mortgages

General

Posted by: Peter Pellegrini

A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such as credit cards and student loans) that a second […]

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13 Jan

Economic Insights from Dr. Sherry Cooper

Latest News

Posted by: Peter Pellegrini

What a year this has been. In the face of red-hot inflation, the Bank of Canada raised its policy rate by a whopping 400 basis points to 4.25%. First to cool was the housing market, where buyers moved to the sidelines and mortgage rates surged. Home prices fell, especially in Toronto and Vancouver. The economy […]

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13 Jan

Post-Holiday Debt Consolidation

Mortgage Tips

Posted by: Peter Pellegrini

The holidays are a season of giving and often times, households can often find themselves carrying some extra debt as we enter the New Year. If you happen to be someone currently struggling with some post-holiday debt, that’s okay! Whether you’ve accumulated multiple points of debt from credit cards or are dealing with other loans […]

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13 Jan

Alternative Lending

General

Posted by: Peter Pellegrini

When traditional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative! If you’re seeking a mortgage, but your application doesn’t fit into the box of the big traditional institutions, you’ll find yourself in what’s commonly […]

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