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Category: Finance (10 posts)

  • April 22, 2018 @ 3:55 PM
  • Posted by Marc Crossman

WHERE ARE CANADIAN MORTGAGE RATES GOING IN 2018?

2017 was a year of change for the Canadian Mortgage Market. With the announcement of the B-20 guideline changes requiring all insured or uninsured mortgages to undergo stress testing. In addition, the

  • April 6, 2018 @ 11:02 AM
  • Posted by Marc Crossman

TIPS FOR YOUR VARIABLE RATE MORTGAGE THAT COULD SAVE YOU THOUSANDS

With changes to mortgage rules and interest rates on the rise here are some tips for your variable rate mortgage that could save you thousands.   Since 2009 the prime lending rate has shifted f

  • February 16, 2018 @ 11:47 PM
  • Posted by Marc Crossman

WHAT IS THE CANADIAN MORTGAGE AND HOUSING CORPORATION (CMHC)?

  The Canadian Mortgage and Housing Corporation (CMHC) is a corporation that most are semi-familiar with, but do not know what CMHC actually does.   CMHC is Canada’s authority on ho

  • December 11, 2017 @ 3:18 PM
  • Posted by Marc Crossman

IS IT TIME TO LOCK IN A VARIABLE RATE MORTGAGE?

  Approximately 32 per cent of Canadians are in a variable rate mortgage, which with rates effectively declining steadily for the better part of the last ten years has worked well.   Rece

  • December 5, 2017 @ 10:39 PM
  • Posted by Marc Crossman

OSFI MORTGAGE CHANGES ARE COMING

  As many of you may remember, this past October the Office of the Superintendent of Financial Institutions (OSFI) issued a revision to Guideline B-20. The changes will go into effect on Ja

  • September 1, 2017 @ 12:26 PM
  • Posted by Marc Crossman

HOW MORTGAGE RATES WORK

  Ever wonder how your mortgage rate is determined? What factors make it jump from percentage to percentage? We are getting down to the nitty gritty today and giving you the facts on what impact

  • October 4, 2016 @ 10:57 AM
  • Posted by Marc Crossman

FINANCE MINISTER MORNEAU TAKES OUT THE BIG GUNS TO SLOW HOUSING

Yesterday, Ottawa unveiled major initiatives to slow housing activity both by potentially discouraging foreign home purchases and, more importantly, by making it more difficult for Canadians to get mo

  • April 29, 2016 @ 10:21 AM
  • Posted by Marc Crossman

Canada Starts to Outperform the U.S.

  Crude oil prices are poised for their biggest monthly gain in seven years, hitting a new high for 2016, and as day follows night, the Canadian dollar is up sharply--just shy of 80 cents U.S. T

  • March 22, 2016 @ 10:29 PM
  • Posted by Marc Crossman

Budget 2016 Billed As Growing the Middle Class

  Today’s budget included everything I expected and nothing that I feared. The fears first—there is no change in the tax treatment of capital gains or stock options, despite continue

  • January 14, 2016 @ 3:52 PM
  • Posted by Marc Crossman

FINANCIAL CHECK-UP

Welcome to your free financial check-up, discussing 5 key factors to assist you in ensuring you are on the right track to a solid financial future.   Credit Ensuring you are using credit wisel