by Peter Lirantzis | May 21, 2021 | Announcements, Blog, Finance, Homeownership, Mortgage
In today’s unconventional housing market, where inventory is low, competition is fierce and bidding wars are common, obtaining a mortgage preapproval has never been more important. In the face of multiple offers and fast-paced decisions, having a preapproval in hand...
by Peter Lirantzis | May 14, 2021 | Blog, Economy, Finance, Homeownership, Mortgage
Since the global pandemic reached our shores, the Bank of Canada cut its overnight target interest rate in a number of unscheduled announcements, finally settling on the record low 0.25%. Understandably, these reductions were implemented in an effort to help offset...
by Peter Lirantzis | May 7, 2021 | Blog, Economy, Finance, Mortgage
The federal government introduced a number of relief measDid You Defer Payments? Be Sure to Check Your Credit!rd payments for a set period of time. At the end of the deferral agreement, payments returned to normal and the deferred amounts were added to the mortgage or...
by Peter Lirantzis | Apr 23, 2021 | Announcements, Blog, Economy, Finance, Homeownership
Labelled one of the most widely anticipated and important budgets of our time, Budget 2021, delivered on April 19th, lived up to its promise. The first budget in over two years and first since the outbreak of the global pandemic, Budget 2021: A Recovery Plan for Jobs,...
by Peter Lirantzis | Apr 16, 2021 | Blog, Homeownership, Mortgage
When buying a home, mortgage financing requirements are subject to lender approval, which is based on certain conditions including an appraisal of the property. The appraisal is conducted by a licensed, professional real estate appraiser who provides an evaluation of...
by Peter Lirantzis | Apr 9, 2021 | Blog, Economy, Mortgage
Canadians are living longer and changing our society in significant ways. Expected to grow by 68% in the next 15 years, this surging demographic is heavily influenced by aging baby boomers, advances in modern medicine, healthier lifestyles, and an increased resilience...
