Avoid Costly Mistakes When Building a New Home

General Greg Weaver 20 Feb

Building a new home is a super exciting endeavour as you opt to create the perfect space for you and your family. However, building a home is not without its costs and potential surprises… to mitigate bumps on your homebuilding journey and avoid costly mistakes, consider the following tips: Set a Realistic Budget When building […]

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Mortgage Renewal Benefits

General Greg Weaver 11 Jan

Is your mortgage coming up for renewal? Do you know about all the incredible options renewing your mortgage can afford you? If not, we have all the details here on how to make your mortgage renewal work for you as we start 2024. Get a Better Rate Are you aware that when you receive notice […]

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Mortgage Portability

General Greg Weaver 13 Oct

When it comes to getting a mortgage, one of the more overlooked elements is the option to be able to port the loan down the line. Porting your mortgage is an option within your mortgage agreement, which enables you to move to another property without having to lose your existing interest rate, mortgage balance and […]

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September Home Sales Weaken in Canada As New Listings Surge.

General Greg Weaver 13 Oct

Increasing mortgage rates weighed heavily on housing in September Mortgage rates continued to rise in September after BoC tightening and one of the largest bond selloffs in history. Yields have retraced some of their rise more recently, but demand for new and existing homes has slowed. According to data released by the Canadian Real Estate […]

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What is Alternative Lending?

General Greg Weaver 25 Aug

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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Market Beware: Subject Free Offers

General Greg Weaver 8 Aug

When it comes to purchasing a home, most offers include conditions or subjects, which are requirements or criteria to be met before the sale can be finalized and the property is transferred. Some of the most common subjects include: Financing approval Home inspection Fire/home insurance protection Strata document review if appliable The purpose of these […]

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Weaker Than Expected Jobs Report In July

General Greg Weaver 4 Aug

The long-awaited labour market slowdown The Canadian economy shed 6,400 jobs in July, far weaker than the 25,000 gain that was expected. The jobless rate was 5.5%, the third consecutive monthly rise. This likely improves the chances the Bank of Canada will remain on the sidelines in September. Wage inflation, however, re-accelerated, moving back to […]

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Bank of Canada Hikes Policy Rate By 25 BPs to 5.0% – Highest in 22 Years

General Greg Weaver 14 Jul

Interest rates will stay higher for longer The Bank of Canada increased the overnight policy rate by 25 basis points this morning to 5.0%, its highest level since March 2001. Never before has a policy action been so widely expected. Still, the Bank’s detailed outlook in the July Monetary Policy Report (MPR) suggests stronger growth and […]

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Canadian CPI Inflation Ticked Up For The First Time In Nearly A Year

General Greg Weaver 17 May

Canadian Inflation Rose More Than Expected in April, But Core Inflation Slowed There’s been an unexpected hiccup in the Bank of Canada’s ongoing battle against inflation. Year-over-year, price pressures escalated to 4.4% in April, an uptick from the previous month’s 4.3% and significantly exceeding the average economist’s prediction of 4.1%. This marks the first rise […]

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