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Your Source for Mortgage News and Information

Here you will Victoria, BC and Canadian mortgage trends, news and information. We are your Mortgage Broker Victoria, so please feel free to contact us for any more details on the ever-changing mortgage market. Whether you are a first time buyer, a business owner or a sophisticated investor we have a wide range of quality products available to ensure you get the ideal mortgage product for your unique goals and financial situation.

New Mortgage Rules

On October 3rd, Finance Minister Bill Morneau announced that new mortgage rules will include more stringent “stress testing” for borrowers. The new rules are designed to lower debt levels, enforce some belt-tightening, and protect the housing market over the long term. Here’s how these new rules will affect Canadians. THE

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You Can Be Mortgage Free

Housing market activity continues to be an important driver of the Canadian economy. Housing activity creates jobs in the construction and real estate industries, and trickles down to impact the many industries that support construction and real estate through related goods and services. Home equity wealth is enormous in Canada

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What About Housing? [The Millennial Generation]

The world has changed dramatically over the past eight years since the Global Recession hit in 2008. The biggest change and one that will have the biggest impact to future economies is the changing demographics of the world’s population. Millennials (ages 18-34) have now surpassed the Baby Boomer generation (ages

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Your Source for Lowest-Cost Funds

Canadians are looking to their mortgage for low-cost funds. According to a 2015 survey by Mortgage Professionals Canada, for those who were qualified to do so (homeowners with at least 20% equity), and did take equity out of their home, the average amount withdrawn was $70,000, up from $51,000 in

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Which renovations go right to your bottom line?

Whether you are looking to buy a fixer-upper or renovate your existing home to improve the quality of life for you and your family, it’s worthwhile to understand which home renovations can help boost the value of your home and go straight to your bottom line. According to the Appraisal

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Update: Mortgage Changes Oct 2016

Breaking News – Qualification Guidelines Drastically Changed By now, you will have seen the October 3rd announcement from Finance Minister Morneau outlining mortgage insurance and qualification changes effective October 17 2016. To sum up the most important change to borrowers: All ‘insured’ mortgages will now need to qualify at the

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5 Ways to Plug the Money Leaks

The brisk back-to-work attitude of September makes it a great time to review your finances and particularly your spending. Whether you are saving to buy a home or pay one off, your “money leaks” can add up to some big bucks over time. Here are five ways to find some

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Consumers are Becoming Much More Informed

Consumers are becoming much more informed about mortgages and mortgage products before taking the plunge into home ownership. According to the Canadian Mortgage and Housing Corporation’s (CMHC) 2016 Consumer Survey, 72% of mortgage consumers did online research, 65% compared various mortgage products with professionals and 69% used a mortgage calculator.

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