Mortgage interest rates continue to stay low as weak numbers indicate that we are still far from full economic recovery. Rates are always changing and it’s hard for a borrower to explore and shop the entire market to ensure that they are getting the right product and best rate. Mortgage brokers are people who specialize [...]

As a Toronto mortgage broker it’s important for me to remember that there is mortgage jargon and terminology that my audience may not be familiar with. When I work with clients I try and make the experience as educational as possible and I always make an effort to step back and explain mortgage terms no [...]

If we were to take a general macro view of  fixed mortgage rates in Canada one can say that when the markets (i.e. TSX, DOW etc) are strong there is upwards pressure on fixed rate mortgages and the opposite is also true so that when the markets are weak there is downwards pressure on fixed [...]

Mortgage interest rates are back down. Way down. I am back from my road trip out West and ready for action. Picking up sound bites from different headlines in the news it looks like the complexion of our Canadian housing market looks just a little bit grayer. With headlines such as “CREA lowers home sales [...]

In my last post I wrote about an astute investor who exploited the opportunity of a Judicial Sale when he bought a unique, mixed-use property, for a bargain price of under $100,000. Such opportunities come up frequently but are missed by most people because they don’t know where to look specifically. In addition, the term [...]

All signs are pointing to lower fixed rate mortgages again for the 3rd time this year. Bond yields are low and as a result we are seeing fixed rate mortgage prices dropping just a little bit further this week. The Bank of Canada has also dropped its benchmark qualifying rate for high ratio mortgages by [...]

What do you get when you try to buy a property that was once a jail, fire hall, dance hall & town hall? A financing conundrum.
This is exactly what one of our clients purchased, where we provided private mortgage financing.  [...]

It looks like the fixed mortgage rate market has stabilized after the bank of Canada’s  decision to increase the prime rate earlier this month. While rates aren’t as low as earlier this year, mortgage interest rates still remain low historically speaking.
With signs that the housing market is cooling and interest rates are staying low you [...]

World Cup fever is on in Toronto and mortgage interest rates are remaining low and stable. While a variable rate mortgage may not fit everyone’s needs it remains a good option in today’s market. Give me a call to discuss whether it is right for you?
Chris Molder – Son Of A Broker 416.461.0204
2.80% – 1 [...]

Following the Bank of Canada’s interest rate announcement last Tuesday we weren’t too sure in which direction the fixed rate market would move. Mortgage lenders responded by lowering their fixed rate mortgage rates. They also increased the spread on the 5 year variable rate mortgage from P-0.50 to P-.60 giving an effective rate of 1.90% [...]