| Term | Bank Rate | Our Rate |
| 1 Year | 6.09 % | 5.19 % |
| 2 Year | 5.79 % | 5.19 % |
| 3 Year | 5.78 % | 4.89 % |
| 4 Year | 6.09 % | 4.64 % |
| 5 Year | 6.34 % | 4.59 % |
| 7 Year | 6.60 % | 5.59 % |
| 10 Year | 6.85 % | 5.29 % |
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
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
I recently sat down with a group of investors that are setting out to acquire a portfolio of rental properties. They wanted clarification on the Federal Government changes coming April 19th, and how they will affect the mortgage qualfication process. In addition to having to put 20% down on investment properties, one of the biggest
