Then vs. Now
Are you thinking of buying your first home, moving up, or looking at that vacation home but aren’t sure if you should get into the market now or wait? It’s no secret that the cost of living keeps going up. Not only are prices for all goods increasing steadily,...
Government of Canada Implements 2-Year Foreign Buyer Ban
In response to unprecedented growth in the residential real-estate market in Canada over the past few years, the government of Canada is implementing a 2-year ban on foreign buyers. The ban applies to residential real-estate across Canada. The ban comes into...
Canada: The Housing Market has stabilized in October
Home sales have increased 1.3% from September to October, the first adjusted gain in eight months. However, one should not assume that this is going to be the beginning of an upward trend but more like a stabilization as sales are 35.6% below the February level. With...
What affects my mortgage rate?
What affects my mortgage rate? In todays market, you can no longer simply ask “what is the best mortgage rate.” Lenders look at many factors that decide what options and rates are available to every client. Here is a quick list of the most important items a lender...
Cooling Off Period Coming to BC
Cooling Off Period Coming to BC A new homebuyer protection period will protect people in B.C. looking to buy a home from being pressured into high-risk sales. The measure is the first of its kind in Canada. The mandatory three-day period will give homebuyers an...
Where are Inflation & Interest Rates Headed?
Where are Inflation & Interest Rates headed? *Why are Interest rates going up in 2022? Anyone who isn't living under a rock has heard about the rising interest rates lately. It's a hot topic & most are anxiously wondering what the Bank of Canada might...
10 Reasons to Use a Mortgage Professional
When deciding who to put your trust in to help you find the best solution for your mortgage needs, we at Advanced Mortgage are ready to help and will be sure to find the best solution for you! 10 Reasons to use a Mortgage Professional: Get independent advice on your...
Erase Your Christmas Debt and Start 2022 on the Right Foot
It may be the shock of the pandemic, or the rush of the holiday season but debt incurred throughout a VERY uncertain year. Many of us are wrapping up the year in debt bringing many of 2021’s financial concerns into 2022. Nationally, Canadians spent $792 on Christmas...
New Mortgage Rules Coming June 1, 2021
New Mortgage Rules Coming June 1, 2021 A New Stress Test is Coming... Earlier this month the Office of the Superintendent of Financial Institutions (or OSFI) announced that they will be increasing the qualifying rate for those seeking to buy a home with a down payment...
Car Payments Crushing Your Dreams of Buying a Home?
Learn how to navigate getting a mortgage when your car payment is getting in the way.
