The report contains more mortgage data than virtually any other in Canada. Its data tells an intriguing story of the year that’s about to pass. Here are some key statistics from the survey: • Brokers currently hold 28% market share in Canada – up 3% in just one year • 40% of all new mortgages […]

Three years ago, 5% down mortgages were extremely flexible. Today they are not. Before you could refinance and pull out extra equity up to 95% loan to value. Today it’s a maximum of 80% loan to value. The funny thing is, you are still paying the same high ratio CMHC fees as you did when […]

• What $390,000 Will Buy You Across The Country The average price of a house in Canada in the fall of 2013 was about $390,000. Here’s what that amount will buy you in the country’s various real estate markets. Trois-Rivieres is one of the most affordable housing markets in Canada, and here the average house […]

A Client Turned down by his Bank is approved by darick.ca at best rate today. We researched 10 lenders offering the lowest 5 year rate and found two that were willing to work with the clients debt load to allow him to afford to purchase his new home! CMHC insured, 5% down. The client is […]

Why is a Home listed under power of Sale generally priced lower than homes of comparable status. Generally because the home is sold without warranty and Appraisers will account for this risk when setting a value for the Bank.   Often times this discount is larger in rural areas as the septic and well can account […]

5 year 3.39% Variable prime less .5%  2.5% Debt consolidation – $40,000 can carry for as little as $117 per month Call for a free quote  

Looking to consolidate high interest debt into one low payment?  Its easy if you have equity in your home. The product is called a Home Equity Line of Credit, or HELOC for short. Because the debt is secured against the home the interest rates that are available are as low as possible and come with […]

Mortgage penalties are straightforward if you have a variable-rate mortgage – expect to pay the equivalent of three months’ interest in most cases. With a fixed-rate mortgage, the penalty is set at the higher of three months’ interest or a calculation called the interest rate differential, or IRD. The must-ask question when negotiating a fixed-rate […]

One of Canada’s largest producing team in the banking channel has chosen to switch to the broker side. In general it is expected to see more mortgage specialists defections next year as high-flyers strike out on their own in order to maximize their commissions in a slowing market.

3 year 2.89% Variable prime less .5% For the best mortgage rates, professional service and expert advice in Barrie and surrounding area