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The New First Time Home Buyers Incentive Program

FIRST TIME HOME BUYERS INCENTIVE PROGRAM The new First Time Home Buyer Incentive program from CMHC (Canadian Mortgage and Housing Corporation) was officially released on September 2. This program was met with mixed reactions across the mortgage industry, but we wanted to take a minute to give you the facts regarding the program. Below are […]

Insights on October Data on Housing from DLC’s Chief Economist

OCTOBER DATA CONFIRM THAT HOUSING IS IN FULL REBOUND Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the eighth consecutive month. Activity held steady in October at the relatively robust September pace following a string of monthly increases that began in March. Existing home sales are […]

Mortgage Payments are Comprised of Principal and Interest

Principal and interest are the two components that make up a mortgage payment. Principal is the portion of your payment that goes towards paying down the outstanding balance of your mortgage. Interest is the other portion of your payment which goes directly into the pockets of your lender and does not contribute to paying down […]

Before signing your mortgage renewal, some things to consider

Mortgage renewals with the same lender are on the rise, but should you just sign on the dotted line? If you’re in a mortgage that’s coming up for renewal in the coming months and you’re considering just staying with your current lender, you wouldn’t be alone. According to the Canadian Mortgage and Housing Corporation’s (CMHC) […]

Despite Global Uncertainty, Bank Of Canada Holds Policy Rate

Bank of Canada Holds Policy Rate Steady Amid Global Uncertainty It is rare for the Bank of Canada and the US Federal Reserve to announce rate decisions on the same day, but today’s announcements highlight the stark differences in policy in the two countries. The Bank this morning announced they would maintain their target for […]

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“I would give her 100 stars if I could. Charlene is the mortgage broker to have in your corner. She helped us 13 years ago when we bought our first home, and once again, she went above and beyond, day after day, to get us into our new home. No matter what challenge arose, she got it settled and here we are, seeing our dream become reality! We will be forever grateful, and she comes with our highest recommendation!
Thank you Charlene for every text, phone call, email and document that you had to make on our behalf. We are so excited to make memories with our children in our new home and neighbourhood.”
Andrea Aucoin, Fort McMurray, Alberta