Ontario Home Sales Surge in October

General Douglas Paterson 20 Nov

Ontario home sales grow big in October! Jump to House Prices Today the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose a whopping 8.6% in October, its most robust month-over-month pace since July 2020, when the first lockdown eased briefly. This was on the heels of a modest uptick in September–the first gain […]

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Stay Fit This Fall With At-Home Exercises That Get Results

General Douglas Paterson 8 Oct

Original post by Dominion Lending Centres Our Home, Oct 5, 2021 Fitness trainer Mandy Gill puts a twist on everyday movements to build and maintain strength. You may have curtailed your outdoor exercise during the dark days of autumn, but you can still stay active indoors. The key to staying fit and strong is to […]

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Tips For Downsizing Your Home

General Douglas Paterson 3 Oct

Original Post by Dominion Lending Centres, OurHouse, Sept 28 2021 Moving to a larger house is not the only time that things can change with your home and mortgage. Sometimes there comes a point when owning a home becomes a little too much to handle; or maybe you’re an empty-nester and no longer need three […]

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Five Common Myths About Credit Scores

General Douglas Paterson 29 Apr

How are credit scores calculated? It is a complex answer which has common myths attached.  We are going to help you get a better understanding of your credit score and how to make the grade by busting the most common credit score myths! MYTH #1: Too many credit cards will damage my credit score The […]

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What is a Reverse Mortgage?

General Douglas Paterson 27 Apr

  Did you know? Reverse mortgages are continuing to gain popularity for 55+ homeowners in Canada! For many Canadians who are looking to retire but currently facing high debt load and ongoing expenses, as well as reduced income, it can be a challenge. This is where the reverse mortgage can help! This product is also […]

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Ten Need-to-know Mortgage Terms

General Douglas Paterson 6 Apr

From selling a home to finding the lender with the best rates, and best terms for you, there are many considerations involved in real estate and mortgage terminology that every savvy shopper or owner needs to be aware of.   Yes, just one more thing to add to your list. While there may be a few […]

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Best Mortgage Calculator For Canada!

General Douglas Paterson 22 Mar

  Ideal for relators, financial advisors or personal use in Canada. This really is a solid mobile mortgage app and mortgage calculator. Free Download Pre-qualify yourself or a client to see how much home they can afford! Email yourself (or a client) a pre-qualification certificate. Calculate the total cost of owning a home. Estimate the […]

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Canada Real Estate Continued to Surge in February 2021

General Douglas Paterson 17 Mar

Today the Canadian Real Estate Association (CREA) released statistics showing national home sales hit another all-time high in February 2021. Canadian home sales increased a whopping 6.6% month-on-month (m-o-m), building on the largest winter housing boom in history. On a year-over-year (y-o-y) basis, existing home sales surged an amazing 39.2%. As the chart below shows, February’s activity blew […]

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Bank of Canada Holds Rates and Bond-Buying Steady

General Douglas Paterson 11 Mar

Much has changed since the Bank of Canada’s last decision on January 20. While the second pandemic wave was raging, new lockdowns were implemented in late 2020, and there were fears that the economy, in consequence, was likely to grow at a 4.8% annual rate in Q4 and contract in Q1. Instead, the lockdowns were less […]

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Upward Pressure on Mortgage Rates On The Horizon

General Douglas Paterson 24 Feb

Longer-Term Yields are Rising Despite Central Bank Inaction While central banks hold overnight rates at record lows, anchoring short-term interest rates and the prime rate, mid-to-long-term government yields have been rising since early this month. As the chart below shows, the 5-year Government of Canada bond, upon which mortgage rates are generally tethered, are currently […]

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