Everything You Need to Know About Your Credit Report: The Key to Your Financial Health
Credit reports and credit scores play a crucial role in managing your personal finances. Whether you're about to apply for a loan or simply want to better manage your financial situation, it's...
Highlights, Economic and Financial Review-AMF
In the world’s major economies, restrictive monetary policies appear to be yielding results. The process of disinflation is well underway but is becoming more challenging as inflation nears...
Fixed or Variable Mortgage Rate: What to Choose in 2024?
Choosing between a fixed and variable mortgage rate depends on several factors, including your financial needs and risk tolerance. In an uncertain economic context, it is essential to understand the...
Is My Mortgage Renewal the Ideal Opportunity to Consider Restructuring My Mortgage?
The answer to this question depends on your future projects and your current level of debt. In a nutshell, if you already have credit card debts, a line of credit, a personal or car loan, or a...
Increasing Housing Production in Canada: Challenges and Solutions
Despite a record number of 650,000 construction workers in 2023, Canada's housing production, at 240,267 units, fell short of the potential for over 400,000 homes per year. While more human and...
Speed Up Your Mortgage Payments and Save Money
What is the difference between an accelerated weekly payment and a non-accelerated payment? Simple! If your mortgage costs you $1,000 a month, and you want to pay it weekly, your financial...
Highlights of the 2024 federal budget
The Federal Budget for 2024 has been revealed, outlining key initiatives aimed at addressing pressing issues while maintaining fiscal responsibility. Here's a summary of the...
Fed Official Foresees Long-term Rates Around 3%
In an evolving economic context, a Federal Reserve official has recently adjusted long-term interest rate forecasts, now estimating them to be around 3%. A Significant Upward Revision Loretta...
Canada's Housing Market Forecast: A Return to Peak Prices by 2026
The Canada Mortgage and Housing Corp. (CMHC) projects that home prices may rebound to peak levels observed in early 2022 by next year, with potential to reach new heights by 2026. This forecast comes...
Downtown Montreal Offices: A Turning Point in Sight
The situation for downtown Montreal office spaces, which seemed to be a slow-motion catastrophe, shows signs of potential improvement. Office availability reached nearly 20% of the stock in the last...
Stabilization of Housing Prices in Canada: A Turnaround in Sight?
Canadian real estate agents suggest that housing prices may have found their floor, according to February's figures from the Canadian Real Estate Association (CREA). After a five-month decline,...
Bond Yields and Mortgage Rates: A Crucial Relationship
In the world of mortgage brokerage, staying ahead of market trends is crucial. Imagine having the power to predict the fluctuations of fixed mortgage rates days, or even weeks, before they...
The Shifting Impact of Interest Rates on Housing Affordability in Canada
The hope that interest rate cuts would improve housing affordability is unlikely to materialize. A new survey by Royal LePage indicates high pent-up demand, while real estate statistics show that...
Bank of Canada Holds Policy Rate Steady Amid Quantitative Tightening
The Bank of Canada announced today that it will keep the target for the overnight rate at 5%. The Bank Rate is correspondingly 5¼%, and the deposit rate is at 5%. Furthermore, the Bank...
Boosting Your Home’s Worth: The Impact of Energy Efficiency on Canadian Property Values
In the balance between sustainability and economic growth, energy efficiency stands out as a key factor transforming the Canadian property market. For homeowners and investors, the benefits of...
Canadian Economic Growth in the Fourth Quarter: Analysis and Outlook
The Canadian economy recorded an annualized growth of 1% in the fourth quarter, with high interest rates impacting growth but not enough to push the economy into recession. This follows a 0.5%...
The Challenge of Buying a Home with One Million Dollars in Canada
"A dollar doesn't buy what it used to." And a million dollar budget isn't even enough according to some Canadians in search of a home. Varied Perceptions Across the Country Royal LePage has...
Surprising Uptick in Canadian Home Sales in January
The beginning of 2024 has seen a remarkable rebound in the Canadian real estate sector. According to the Canadian Real Estate Association (CREA), there has been a notable increase in home sales in...
Understanding the Current Economy: Impacts on the Real Estate Market and Interest Rates
Welcome to our blog, where we delve into the current economic dynamics and their influence on the real estate market. As expert mortgage brokers, we constantly monitor economic trends to better...
Who Pays the Mortgage Broker in Quebec?
Imagine Jean and Marie, a couple from Quebec in the midst of searching for their first home. As they navigate the intricacies of the real estate market, a crucial question arises: "Who must pay the...
What is the Commission of a Mortgage Broker in Quebec City?
During a recent real estate transaction in the charming Saint-Roch neighborhood of Quebec City, a young couple was pleasantly surprised to learn that their mortgage broker's services would cost them...
Highlights, Economic and Financial Review
Global growth is showing signs of slowing as the full effect of interest rate hikes is starting to be felt more acutely. The central banks have indicated that policy rates will have to remain...
A place for your kids to live through university: Better to buy or rent?
With the high cost of rent, especially in Quebec City and Montreal, more and more parents are buying condos for their kids to live in while they’re at school. After all, they could probably...
Becoming a homeowner with an income property - something to think about!
Before buying a house with rent income, you must consider several key points. The Mortgage Planners team invites you to consider both sides of the coin. Advantages An extra, steady income The...
Your home can be used as financial leverage.
Eight years ago, Julie and Carl made a financially savvy decision by leveraging the value of their home (through refinancing) to invest in a 5-unit multiplex worth $600,000. Since then, the real...
Is it smart to use part of my RRSP’s to pay down debts so I can become a homeowner?
Marie-Pierre decided to buy a nice home in the suburbs. However, when she applied for a loan with her financial institution, she was refused. They explained to her that she was...
A home equity line of credit... Why not?
A home equity line of credit is very useful for real estate projects. Whether you want to renovate your home, buy a second home, or use it as a backup in case of unforeseen circumstances, your...
Housing Market Highlights
Source: Housing and Mortgage Market Review The Bank of Canada’s soft landing is on track…for now Highlights: The inflation fight is progressing well, but the Bank...
Should I choose monthly or weekly payments?
You have just completed the mortgage approval process, and the inevitable question from your mortgage broker or bank adviser crops up: do you want to make weekly or monthly payments? If you answer...
Good or bad debt?
What is a good debt? What is a bad debt? Knowing the difference between the two will make it easier to manage your debts and reduce their burden. A debt by any other name… No one...
Could you be exempt from the welcome tax?
The "welcome tax", also known as the "property transfer tax", is an amount that a municipality must collect when a property located on its territory is transferred. This tax was created to...
Has confinement given you the urge to renovate?
During this crisis period, we find ourselves spending a lot of time at home. And with the arrival of spring, renovations projects are very likely to bloom everywhere! We’d like to take a few...
Underused Housing Tax: a major change for homeowners living abroad
On January 1, 2022, the federal government introduced a new tax: the UHT, or Underused Housing Tax. The UHT is calculated by multiplying the assessed value of residential real property by the 1% UHT...
Being mortgage-free with a mortgage discharge
You are the new owners of a beautiful home and have taken out a mortgage to make your dream come true. You should know that when you take out a mortgage, the lender registers a right that is a lien...
The booming Quebec real estate market
version française
Revue économique et financière de l’Autorité des marchés financière
Faits saillants Les hausses rapides des taux directeurs par les banques centrales commencent à faire sentir leurs effets sur la croissance et l’inflation, mais elles...
Important Notice: If you have a Variable mortgage rate, what should you do?
To the surprise of many economists and analysts the Bank of Canada (BoC) has decided to increase its key lending rate for the second time in 2 months by another 0.25% on September 6th 2017. This...
(Français) Le taux variable vous rend frileux? Voici de quoi vous faire changer d’idée!
Sorry, this entry is only available in French.
Down payments soon to be higher on some mortgages
On December 11, without addressing the risk of a potential real estate bubble, Federal Finance Minister Bill Morneau announced that down payments on mortgages between $500,000 and $1 million would be...
A private lender could help you find the missing funds needed to complete the construction of your home.
Louise and Roger decided to build their own home. Since they have a lot of construction and renovation experience they figured, “Why not build our own dream home and take advantage of our...
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