Deciding Between a Variable or Fixed Rate Mortgage

Deciding Between a Variable or Fixed Rate Mortgage

As you may know, a fixed mortgage has a rate that’s locked in for a set number of years, while a variable mortgage has a rate that floats with market conditions. On average over time, you’ll usually come out ahead with a variable mortgage. The reason for this is the...
Get Rid of Your Holiday Debt Hangover

Get Rid of Your Holiday Debt Hangover

Oh the Holiday Debt Hangover! The downside of last month’s festivity and generosity is this month’s credit card bills. You may suddenly be looking at some huge balances with no idea how to pay them off. And what’s worse, you’ll be paying anywhere from 10-20% interest...
Questions to Ask Before Getting a Mortgage

Questions to Ask Before Getting a Mortgage

When you are ready to buy a home, you may have a lot of questions. Many of these questions have to do with getting a mortgage! Before you go house hunting and start putting offers down on properties, make sure you get a mortgage pre-approval done and give some thought...
New Mortgage Rules are here to stay

New Mortgage Rules are here to stay

New Mortgage Rules as of October 17th As you may have already heard, Ottawa has dropped quite the bomb on the mortgage market with new mortgage rules. Their latest attempt at taking some risk out of the country’s housing markets has put first-time homebuyers in...