On September 6, 2017 the Bank of Canada increased the overnight rate by 0.25%, causing prime lending rates at financial institutions to increase by the same amount. If you have a variable rate mortgage… The impact this increase will have on your mortgage payment will depend on the size as well as the amortization period, but you can estimate the increase… Read More »

Came across an interesting article on the Globe and Mail about the risk of making a purchase offer with no subjects (link below). From our perspective, being responsible for arranging the purchase financing, these are the most stressful types of deals. Even if you know the client’s income and credit are great, there’s always the chance that the lender won’t… Read More »