Money Matters Toronto

I have noticed that many homeowners are opting to stay put in their homes during the recession and are content spending money on renovations rather than finding a newer, bigger home. With the added incentive of the government’s home renovation tax credit, home renovations are a great way to spend money on your home and [...]

Do you have a mortgage in Toronto? Are you in the market looking for a mortgage right now? Here are 5 questions you should know the answer to about your mortgage.

As expected the Bank of Canada announced this morning that they would leave the prime interest rate unchanged, citing economic development to be proceeding as expected. The Bank of Canada has also reiterated it’s commitment to keep the prime rate unchanged until at least July 2010,
pending controlled inflation. Click here to read the full Press [...]

As a Toronto Mortgage broker, my clients rely on my advice not only while they are making their financing decisions but also in the years after making the decision to determine whether they are still on the right road and on track.
As such, I pay attention to the economy. One of my favorite areas of [...]

In this episode I talk about the fourth C of credit. Collateral. Collateral refers to the real estate that is used to secure the mortgage. Different considerations are given to different properties depending what they are being used for. Learn more by watching this episode.

This Past Wednesday’s Financial Post featured an article by writer Alia McMullen commenting specifically about the variance of statistics coming from the Canadian housing market. Are we up or are we down… What do you think?
Is Canada’s housing market tanking or taking off?

Recently, Terrance Belford of the Globe & Mail published an article entitled Condo resales are on a roll . The article had a very upbeat feel to it, spewing out positive sales data, interviewing the likes of Brad Lamb and the general under lying tone of the article is that the good times of real [...]

A couple of days ago one of our readers responded to our post “How Are Fixed Mortgage Rates Determined?”. He asked me: what should he really be looking out for when it comes to protecting himself from mortgage rate fluctuatations?
I responded….there are so many factors to consider and even economists who dedicate their whole lives to predicting the direction of [...]