Understanding Income | Part 2 of 5

Understanding Income | Part 2 of 5

As part of a short series that aims to “Understand the mind of a Lender“. There are 4 key areas that come under scrutiny; income, credit, downpayment and the property. The following is an in depth look at how your income is viewed by a lender. Obviously...
Bank of Canada Rate Announcement March 9th, 2016

Bank of Canada Rate Announcement March 9th, 2016

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. The global economy is progressing largely as the Bank anticipated in its...

Buying a Home for Immediate Family

Buying a home for immediate family with less than 20% downpayment can be a challenge. However Genworth; a Canadian mortgage default insurance provider, has a program that benefits those families who haven’t been able to save a full down payment on their second...