28 Feb

What Landlords Need To Know About Fire Insurance

General

Posted by: Robert Ganzhorn

Be sure to change your property’s insurance should you decide to rent it out. Here’s a short article for existing landlords or future landlords. While this may seem to be common sense a few of the points are easily missed. What Landlords Need To Know About Fire Insurance  

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8 Feb

10 minutes of your time could save you a lot of money…

Mortgage Tips

Posted by: Robert Ganzhorn

Do you review your annual mortgage statement? A quick review could save you thousands of dollars. You’ll soon be receiving your annual mortgage statement and if you’re like most people you’ll note what your balance owing is and then put it away. Rather than doing that pick up the phone and call me. A quick […]

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13 Sep

With rents across Canada soaring, you can’t afford NOT to buy a home

General

Posted by: Robert Ganzhorn

Mortgage Professionals Canada have published a study on the perpetual own vs. rent comparison. The outcome is interesting in that most of the results of these studies have previously shown that renting is the better choice. However, given the soaring rents in Canada the study concludes that you can’t afford NOT to buy a home […]

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17 May

Variable rate war…*YAWN*

Mortgage Tips

Posted by: Robert Ganzhorn

If you’ve been watching the news you’ll notice the big lenders are pulling out all the stops with a variable mortgage rate war to try to offset the lack of mortgages being funded this spring. A few thoughts on this…. My brokerage has had these rates for weeks now. We can offer the big lender […]

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17 May

Investing in a stress tested lending environment

General

Posted by: Robert Ganzhorn

Has the stress test has resulted in funding declines for your investment portfolio? Whether a refinance or a purchase its definitely harder to get money in this environment. Here are some items to consider which may make it easier to qualify under the stress test. Property types Consider purchasing  2 to 4 unit properties not […]

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8 May

A couple of notes on interest rates…

Interest rates

Posted by: Robert Ganzhorn

BNS increased its 5 year posted rate today, the last of the Big 6 banks to do so. I’d expect an increase to the qualifying rate as early as tomorrow to 5.34%, the statistical mode of the big 6 posted rates. Tomorrow you may actually qualify for less mortgage financing….. To follow the Bank of […]

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25 Apr

TD boosts posted 5 year mortgage rate

Mortgage Tips

Posted by: Robert Ganzhorn

Wow….TD just boosted their 5 year posted mortgage rate to 5.59% a full 40 basis point over their previous rate of 5.19% This matters for a few reasons.. Its the average of the big banks 5 year posted rate that the Bank of Canada (BOC) qualifying Rate is derived from. If enough of the big […]

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