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.

If you commute in our city (or any major city in the world) how can you resist picking up a Metro and browsing through the day’s top headlines? This morning I picked one up and found out 10 things about the TTC. I was amazed to learn that each subway car filled during rushhour is [...]

Click here to view the article by Ellen Roseman in The Toronto Star

Here are the Top 10 reasons to use a mortgage broker in Toronto:
#1- Get Independent Advice On Your Financial Options. As an independent mortgage broker in Toronto, I am no tied to any one lender or range of products. My goal is to help you successfully finance your home or property. I’ll start by getting [...]

Canadian 5 yr bond yields +0.03 bps to 2.53 – Four weeks ago it was 2.51%. The spread, based on 5 yr fixed rate mortgage of 4.29%,  is at 1.76%.

Pressure on fixed 5 year: Up
Financial Post – Markets
Lenders typically like to keep a spread of 1.80% to 2.00% between their fixed five year rates and [...]

In my post yesterday, I mentioned in point #4 that mortgage interest rates are overpriced. To flesh out that statement I found this great interview.
The following is a link to a great video blog on the Globe & Mail website by Financial editor Rob Carrick. In it he interviews author of the Canadian Mortgage Trends [...]

As a mortgage broker in Toronto I receive calls from my clients and shoppers asking what to do in today’s market. After all, over the past 3 months alone mortgage rates have gone on a bit of a roller coaster ride.
I think variable is still the way to go. Here is why (DISCLAIMER: This is my [...]

Canadian 5 yr bond yields +.04bps to 2.41- Four weeks ago it was 2.74. The spread, based on 5 yr rate of 4.49%,  is at 2.08%.
Pressure on fixed 5 year: Down.
Financial Post – Markets. Lenders typically like to keep a spread of 1.70% to 1.80% between their fixed five year rates and the current 5 [...]