What divorce means for your mortgage!

What divorce / separation means for your mortgage! Recently the rules have changed for those people wanting to qualify to take over the mortgage for the matrimonial home owned jointly by a married couple.  Previously this would fall under the refinance guidelines, and...

10 ways to reduce your tax bill

10 ways to reduce your tax bill   The days are starting to get longer, and you can feel that spring is right around the corner. With spring, of course, comes tax-filing season, so as “filing taxes” joins “spring cleaning” on your to-do list, here are 10 ways to save...

The Bank of Canada has a WARNING for condo investors

Some lenders have increased the downpayment required for condo apartments, the usual downpayment is 5%, some lenders have increased this to 10%. The Bank of Canada has a warning for condo investors – the boom times may be over…….. In its December economic review, the...

Historically Low Interest Rates

Currently, mortgage rates are historically low, even though last week we saw the end of the competitive 2.99% for 5 years. After the Feds announcement in the U.S. to keep interest rates low until 2014, people are becoming hopeful that ours will also remain low until...