My blog today is about the Baby Boomer generation born between 1946 and 1964. There are 9.6 million of us (I am one myself) that represents 25% of the population in Canada. I have recently read several articles, mostly written by expert analysts and economists, predicting the spending habits and decisions Baby Boomers will make in the years to come. One prediction is that a good many will be selling their 3,000 square foot home and replacing it with a 1,200 square foot condo. Read More

We receive frequent calls from new clients that tell us horror stories they experienced with their bank. Some have told us that their bank gave them no reasonable explanation as to why they were refused a mortgage, while others have been told some lame excuse that make no sense at all. Read More

Normally when we receive telephone calls from new clients, the first question on their minds is “what is your best rate?” Although rates are very important, how many of us pick up the phone and call a car dealership and ask them the very same question “what is the lowest price car on the lot?” Read More

One of the most common misconceptions people have about the mortgage industry is not knowing that there is a significant difference between a mortgage specialist and a mortgage broker. Read More

A report released today by Trans Union (a credit bureau reporting agency) shows that the average Canadian’s non-mortgage debt reached $26,221 in the second quarter of 2012. This is the highest per person debt level since Trans Union started tracking the data in 2004. Read More

We have dealt with many new and existing clients who have all pondered over these very same questions. Read More

Today the Okanagan Mainline Real Estate Board (OMREB) has crunched out some encouraging numbers for May 2012. OMREB President, Rob Shaw, says “during May, the Okanagan-Shuswap experienced a resurgence in sales activity due to elevated buyer interest – an early sign that consumer demand and confidence are improving”. Read More

Well you are in very good company! In a recent CAAMP (Canadian Association of Accredited Mortgage Professionals) survey prepared by Will Dunning (CAAMP Chief Economist) in May 2012, it is estimated that the majority of the 18% of mortgage borrowers who took equity out of their home in the past year did so for these purposes. Read More

If you are, then there may be a few things to keep in mind from a lender’s perspective. Perhaps the main reason you are even considering this option is that you are having difficulty qualifying  for a mortgage at the present time. It may be a lack of a down payment, a bruised credit bureau report, or insufficient income to debt service your mortgage. Read More

Hardly a day goes by that I don’t hear from someone calling for advice and frustrated with their bank’s “we care less” attitude. Read More