6 Oct

Wages Growth Accelerates as Canada Adds Jobs For the 10th Straight Month

General

Posted by: Cory Kline

While the headline net jobs gain was a disappointing 10,000–well below the average monthly increase in the past year–the underlying data in this morning’s StatsCanada release were quite robust. The jobless rate remained unchanged at 6.2 per cent as the acceleration in wage gains suggests that the economy is close to full employment. Average hourly […]

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26 Sep

Bridge Financing – How Does It Work?

General

Posted by: Cory Kline

Rarely in life do things go as planned, especially in real estate. In a perfect world, when buying a new home, most people want to take possession of their new house before having to move out of the old one. This makes moving a lot easier and allows you time for painting or renovations prior […]

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25 Sep

Mortgage Changes are coming—are you prepared?

Latest News

Posted by: Cory Kline

We know – more changes?! How can that be! With this ever-changing landscape, mortgages continue to get more complicated. This next round of changes is predicted to take affect this coming October 2017 (date not yet available). These new rules contain three possible changes, the most prominent being the implementation of a stress test for […]

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30 Aug

Residential Market Commentary

General

Posted by: Cory Kline

The federal finance minister seems convinced that Ottawa’s efforts to cool the housing market are working. In a letter to the House of Commons finance committee Bill Morneau says, “A decline in the share of new insured loans issued to highly indebted borrowers suggests that the quality of credit is improving in the high-ratio mortgage […]

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28 Aug

Spousal Buyout Mortgage?

Mortgage Tips

Posted by: Cory Kline

If you happen to be going through, or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property in order to buyout your ex-spouse. For most couples, their property is their largest asset and where the majority of their equity has been […]

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