Mortgage Broker Blog for North York, Toronto, ON
The who's who of mortgages is here to help you.
Category: Mortgages (9 posts)
Max Your Mortgage Renewal: A Guide for Canadian Homeowners
August 25, 2023 | Posted by: Owl Mortgage.ca
As a homeowner in Canada, you may be facing an upcoming mortgage renewal offer that includes an increase in interest rate relative to the rate you have been paying on your expiring mortgage term. This ...
read morePost-Election Wrap: Promises by Liberals Should Be Kept!
August 25, 2023 | Posted by: Owl Mortgage.ca
Now that the snap election is in the history books and the media has hailed it the campaign that accomplished nothing, let’s look at the housing platform that the Liberals presented voters durin ...
read moreForget Burbs—Should Buyers Fly Until They Qualify for a Mortgage?
August 25, 2023 | Posted by: Owl Mortgage.ca
During my time as the resident mortgage expert on CP24’s Hot Property TV show, I started using the phrase “drive until you qualify” to describe the advice given to home buyers strugg ...
read moreWhy does Vince have a Weekly Episode of The Wise Old Owl Show?
August 24, 2023 | Posted by: Owl Mortgage.ca
As the resident mortgage expert on CP24’s Hot Property for over 19 years, Vince Gaetano, founder of OwlMortgage.ca, deemed it second nature helping educate would be first time homebuyers and exi ...
read moreToronto Real Estate Board (TREB) Releases August 2021 Stats
August 24, 2023 | Posted by: Owl Mortgage.ca
August sales results present an interesting tale with sales activity at a decade low level and values of homes continuing to move in an upward trend. There were 8,596 homes sold in GTA in the month o ...
read moreBank of Canada holds interest rates again…
August 24, 2023 | Posted by: Owl Mortgage.ca
The Bank of Canada, as done throughout the pandemic, has kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could pose problems wit ...
read moreGarden Suites are coming to Toronto – It will be a Game Changer!
August 24, 2023 | Posted by: Owl Mortgage.ca
The City Planning Division is working on a range of initiatives to increase the housing supply through the Expanding Housing Options in Neighbourhoods (EHON) work program. The program will enable mo ...
read moreWhy the mortgage stress test isn’t the villain it was made out to be
August 24, 2023 | Posted by: Owl Mortgage.ca
The mortgage qualifying tool has been subject to plenty of criticism. However, with rising interest rates, it may be a saving grace for many Canadians. There is no question that the mortgage stre ...
read moreNow’s not the time to switch to a fixed-rate mortgage
August 24, 2023 | Posted by: Owl Mortgage.ca
As interest rates climb, variable mortgage rate holders may start to panic. Here’s why you should avoid the temptation of going fixed right now.The Bank of Canada’s April 13 interest ...
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