Category Archives: Home buyers

Mortgage Rule Changes 2020 (Covid Edition): How is it going to impact your ability to buy a home?

The New Deal So, late yesterday evening, the CMHC dropped another bombshell on home buyers once again. Just last week the we saw the mortgage qualifying rate drop which actually helped qualification (albeit just slightly). This new update is sure to push people on the edge of becoming home owners out of the market altogether…

Money for Nothin’ (but your cheques are free!)

How did this happen? (to me) It's hard to explain to someone what a mortgage penalty is, or just how painful they can be when you find yourself in a situation to trigger them. Only those that have had to pay the $5900, $8100 or even higher in the past will be able to tell…

2019 Budget: What does it mean for housing market in NL?

Well, in short, not much. I've seen the Global and CBC headlines shared out by countless Real Estate and Mortgage Professionals in the past 36 hours. I've actually had to go back and re-read it several times as it seems some are seeing it as "great news for buyers" but it's really much ado about…

The dirty little secret of the Canadian Mortgage Industry…EXPOSED!

Ah, the comments section on social media these days, they're hard to read, but even they're harder to ignore when you see the absolutely false/misleading statements being made in them. While "fake news" has been all the rage lately (Thanks to Donald Trump's insane ramblings). Every now and then I see something that is so…

St. John’s is the 4th least expensive city in Canada…

A Grateful Perspective of Real Estate in Newfoundland and Labrador The Real Estate market in St. John’s and surrounding areas have changed over the last few years years, but it shouldn’t scare you from making the move that you want to make. There is no denying we had a pretty good economic run from 2008-2014…