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 [...]

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

As part of our business as mortgage brokers in Toronto we also run a private mortgage investment fund called Hansa MIC (Mortgage Investment Fund). Private mortgages are a special and very interesting type of mortgage that most people are not too familiar with.
Although the majority of mortgages are obtained from a bank or other financial [...]

Yesterday, the shareholders of Toronto based Mortgage Co. Xceed voted to approve a plan to become a schedule 1 bank. This will allow Xceed to take deposits from the public to invest in mortgages. Look out for Xceed as they grow hopefully they will combine innovative products for the consumer with competitive rates.
Currently Xceed is [...]

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 [...]

One of our favorite lenders Merix Financial is now offering 3.99% for a fixed 5 year mortgage through their exclusive mortgage broker channel in Toronto. The mortgage must fund before Oct 30th, 2009.
Merix Financial is a true leader in the Canadian mortgage market. Not only do they consistently offer the most competitive rates in the [...]

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 [...]

ING Direct has introduced a new rate hold tool for Mortgage Brokers which allows ING qualified brokers to secure their clients excellent rates for 120 days.  The new rate hold for brokers tool only requires qualified mortgage brokers to submit a few details including the client’s contact information, and the approximate amount they want to [...]