Tel. 905-336-5997 charmaine@designermortgages.ca

Fed not likely to raise rates

Recently, there has been some loud talk about inflation and how the U. S. Federal Reserve is going to have to start raising interest rates soon in order to nip inflation in the bud. When first confronted with this news, you may have said, “Hogwash! No way in...

Trying to Make Sense of Rate Increases!

Many lenders have raised their interest rates on 5 year and longer fixed rate mortgages. Why is this happening? Banks lend more money than they take in through deposits.  In order to meet the demand for customer loans, they borrow money in financial markets. To ensure...

2009 Home Renovation Tax Credit

The Home Renovation Tax Credit (HRTC) can help improve the value of your home. Renovating your home is an investment in the long term value of your home. Here’s how the 2009 Home Renovation Tax Credit can work for you. Canadian homeowners can claim a 15%...

OVERPRICED AND OVERBUILT: CANADIAN HOUSING

During Canada’s “Housing Boom”, that occurred roughly from 2002 to 2008, unsound price increases drove up levels of building. Affordability of these prices have diminished significantly leaving a large disconnect between house prices and income. This situation was in...

Home Renovation Financing Options

Whether you intend to finance your renovation yourself or borrow money, you should talk to a financial adviser and to your lender before you make firm plans. They can help you understand your options and advise on how much you can borrow. This information will help...