Will Dunning, Chief Economist for the Canadian Association of Accredited Mortgage Professionals (CAAMP), of which I am a member, wrote an article for the Mortgage Journal called “Keep an Eye on Wealth Effects”. What is the ‘Wealth Effect’? It’s really all about perception…. our perception of wealth, particularly with respect to the value of our
Fixed Versus Variable Mortgage Rates – Finding the Right Strategy for You! Many property buyers and current mortgage holders are faced with a major decision: Should you choose a fixed or variable rate? Recent fixed rate increases have made this decision more difficult, as the spread between the two has increased, making the low variable
Self-employed and seeking a mortgage? If you are like many self-employed or commissioned individuals, you may be caught in a difficult situation; how can you reduce your income and, in turn, your tax bill, while still being able to qualify for a mortgage? To find a solution to this dilemma, you can make use of
