Yesterday the Bank of Canada announced that it would hold the overnight rate to 1.75%. For variable mortgage clients, bank prime rates for most lenders remain at 3.95%. Effective rates range from 2.95% and up for 5 year variables. In comparison, typical 5 year fixed rates are starting at 3.69% these days, with some specials… Read More…
self-employed mortgages
Four-Month Home Sales Gain ends in September
Here is a great article from DLC’s Chief Economist Sherry Cooper regarding home prices, house listings, and rent. Four-Month Home Sales Gain Ends in September
How to Get a Mortgage After the New Rule Changes
Have you tried to apply for a conventional mortgage since the inception of the new rules the government implemented on January 1st? If you have and have been either turned down or you can’t get as much of a mortgage as you need, call me today. I have a solution that has helped other borrowers… Read More…