Smooth Move! Nine Tips to Survive the Buy/Sell
So there’s a move in your future. It can be a stressful juggling act: selling one home, buying another. We deal with this all the time, and have some tips for making a smooth move through these two...
View ArticleTheory After Hours Podcast
The amazing ladies of Theory Hardware were so kind to invite us on their ‘Theory After Hours‘ podcast. We chat the mortgage industry, challenges and our daily routines. Take a listen and let us know...
View ArticleMerry Christmas
During the holiday season, our thoughts turn gratefully to those who have made our success in 2018 possible. It’s in this spirit that we would like to say thank you to our clients, referral partners...
View Article8 Tips to Start 2019
If you’ve got a mortgage – or plan to get one this year – you probably know that it’s more complicated than it used to be just a few short years ago. That said, we have many tips and strategies that...
View ArticleFirst Time Home Buyers + RRSPs
Using your RRSP money for your down payment is a great strategy for some first-time buyers. It may help you achieve the 20% down payment needed to avoid mortgage default insurance premiums, or simply...
View ArticleHomeownership Trend – Buying with a Friend
An interesting new homebuying trend emerging among millennials is home purchases that are completed with a friend. It’s a creative solution to the housing market given tough qualifying rules and high...
View ArticlePink Shirt Day
‘Strong people stand up for themselves. But the strongest people stand up for others.’ Here at PG Mortgage Broker we are proud to support the Big Brothers Big Sisters Pink Shirt Day to help put a stop...
View ArticleThis is what the federal budget means for homebuyers
The recent federal budget included Housing Affordability Measures that may be applicable to your situation, now or in the future. There are three key measures intended to help: an incentive for...
View ArticleThe Lowdown on Downpayments
We get questions about downpayment all the time! So here is the lowdown on how much you need, and how you might get it. How much do you need? Not surprisingly, most Canadian homebuyers purchase a...
View ArticleWhat is the Best Mortgage Rate?
A 2.4% online rate will definitely attract attention! But cheapest is not always best. Once the fine print is read, many will find they don’t qualify, and often there are restrictions that could really...
View ArticleClosing Cost
It’s important to remember that when you go to purchase an owner occupied home that the minimum down payment is 5%. However the mortgage lender likes to see that you have 1.5% of the purchase price for...
View ArticleBreaking News: Bank of Canada drops key rate another 50 basis points
BREAKING NEWS: The Bank of Canada drops the key rate another 50 basis points (0.5%)! This is unprecedented territory for interest rates. In at least 10 years, the BoC has never lowered it’s rate twice...
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Important Update
To say the last couple of weeks have been chaotic, would be an understatement. It’s an unsettling time for most people and we are all trying to navigate through with the best of our knowledge and...
View ArticleBank of Canada Announces a Rate Hold
It is no surprise the Bank of Canada held firm on its overnight rate of .25% (1/4 percent) and did not venture into negative interest rates that have been tried notably in Europe and Japan with no...
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Mortgage Deferrals + Ten Tips
We hope you and your family are enjoying good health and finding some measure of happiness in this strange spring. Certainly, many are feeling the financial pressures mount as we work together to...
View ArticleChanges to the Street Test
This week the Minister of Finance has announced that the Mortgage Stress Test rate will be decreasing. Effective May 25, 2020, the new benchmark rate used to qualify insured mortgage will be 4.94%....
View ArticleSix Questions Answered
As the longest spring in memory finally gives way to summer, it’s nice to see people safely enjoy the sunny weather. I hope that you are yours are in good health. There continues to be uncertainty...
View ArticleNo Need to Panic Over New Mortgage Rules
No one has a crystal ball to see what the next few months – or years – will bring, but it’s likely that some Canadians will have trouble with their debt in the wake of COVID. With that possibility in...
View ArticleBank of Canada Rate Hold
The Bank of Canada (“BOC”) announced today that it is holding its target for the overnight rate at the “effective lower bound” of 0.25%. Cameron Strong, CEO, Invis Mortgage Intelligence notes that...
View ArticleWhat Is A Monoline Lender
We are often asked about monoline lenders – who are they, what benefits do they offer, and how do you get access to a monoline lender anyway? Good questions. “Mono” means “one”. So it’s a “one-line”...
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