by Majid Habibi | Dec 6, 2019 | Announcements, Blog
Bank of Canada maintains overnight rate target at 1 ¾ percent The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The Bank’s October projection for global...
by Majid Habibi | Nov 15, 2019 | Blog, Economy, Finance, Mortgage
You Can Finance Your Home & Cover Reno Costs Together You Can Finance Your Home & Cover Reno Costs Together Buying a move-in ready home isn’t for everyone. In fact, many people fall in love with a house because of, not in spite of, its need for...
by Majid Habibi | Oct 30, 2019 | Announcements, Blog, CMHC
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The outlook for the global economy has weakened further since the Bank’s July Monetary Policy Report...
by Majid Habibi | Oct 18, 2019 | Blog, Economy, Finance, Homeownership, Mortgage
Prior to securing your first mortgage, you considered a number of different factors such as the rate, term, amortization period and other important features. So, before your mortgage reaches its maturity date (in five years or however long it has been set), it’s...
by Majid Habibi | Oct 4, 2019 | Blog, Economy, Finance, Homeownership, Mortgage
Are you thinking of doing some home improvements and wondering how to pay for them? As a homeowner, you’ll be glad to know that your mortgage agent can help you access funds through the equity in your home. With house prices on the rise, more and more people...
by Majid Habibi | Sep 20, 2019 | Blog, Homeownership, Mortgage
Not only is it important to choose the right mortgage product and rate that’s catered to your unique needs, but it’s also vital to repay your mortgage in a way that will save you the most money. The schedule you choose for your mortgage repayment can have a...
by Majid Habibi | Sep 6, 2019 | Blog, Finance, Homeownership, Mortgage
This is a commonly-asked question, since mortgage agents/brokers and appraisers aren’t authorized to provide a copy of the real estate appraisal report to the homebuyer/homeowner even though you’ve likely paid to have it completed. This is mainly because the...
by Majid Habibi | Aug 16, 2019 | Blog, Finance, Homeownership, Mortgage
For many people, the first step to buying a home involves perusing local real estate listings. While this can be an exciting exercise, before you begin house hunting, you first need to determine how much you can comfortably afford. After all, you don’t want to find...
by Majid Habibi | Aug 2, 2019 | Blog, Homeownership
A lot of people get into hot water when they assume that because they’ve qualified for a mortgage in the past, they will qualify for a mortgage in the future. This article has one point to make and it’s this: Don’t assume anything when dealing with...
by Majid Habibi | Jul 19, 2019 | Blog, Economy, Finance, Guest Post
Housing market trends are constantly changing. Factors such as the economy, house prices, inflation and interest rates all play a role in market fluctuations. Just as important, however, is the role of the individual buyer and, today, one of the most influential and...
