DLC BLOG Returning To The ‘A-Side’ Every year Canadian families are caught in unexpected bad circumstances only to find out that in most cases the banks and the credit unions are there (to lend you money) only in the good times, not so much during the bad times.               […]

No Surprises from the Bank of Canada Holds Steady–Will Raise Rates Only Cautiously The Bank of Canada held overnight interest rates at 1.0% once again, following the two consecutive rate hikes at the July and September meetings. It was widely expected that the Bank would retake a breather this round despite the much stronger than […]

DLC BLOG OSFI mortgage changes are coming As many of you may remember, this past October the Office of the Superintendent of Financial Institutions (OSFI) issued a revision to Guideline B-20 . The changes will go into effect on January 1, 2018 but lenders are expecting to roll this rules out to their consumers between December 7th – 15th, […]

DLC BLOG 3 Mortgage Terms You Need to Know Prepayment, Portability and Assumability Prepayments One of the most common questions we get is about mortgage prepayments. The conditions vary from lender to lender but the nice thing about prepayments is that you can pay a little more every year if you want to pay off […]

Incredibly Strong Jobs Report in November, Q3 GDP Growth Slowed On Weak Exports and Housing The highly anticipated November Labour Force Survey, released this morning by Stats Canada, surpassed all forecasts breaking multi-year records. Employers added a whopping 79,500 jobs last month, bringing the gains over the past 12 months to nearly 400,000. November’s data […]

DOCUMENTS YOU NEED TO QUALIFY FOR A MORTGAGE Being fully pre-approved means that the lender has agreed to have you as a client (you have a pre-approval certificate) and the lender has reviewed, approved ALL your income and down payment documents (as listed below) prior to you going house hunting. Many bankers will say you’re […]

Congratulations!!  You are ready to purchase a new home.   Use my online mortgage calculator to figure out how much you can afford and how much you are willing to invest in a down payment.  If you haven’t already been preapproved, please contact me and we can go over what you can afford and the […]