Paying More With Fewer Choices for Your Mortgage Renewal
The Good News is You Can Do Something About It—But Canadian Banks are Hoping You Won’t! New actions recently taken on behalf of the Canadian government and banks across the country are set to make your mortgage renewal even more expensive than you might have anticipated. Banks have been steadily increasing their posted fixed mortgage […]
How to start your Investment Journey
When you think about it, we have a very special relationship. You have entrusted us with your money. You looked around at all of your investing options and selected us. That will never be forgotten. Everything we do at Cannect is designed with one singular focus: to constantly reduce the amount of risk required to […]
Ottawa Proposes Sweeping Changes to Spread Mortgage Risks
On Friday, October 21st, 2016 The Globe and Mail posted an article on the Liberals’ new plan for a deductible for mortgage insurance premiums. Tamsin McMahon, David Berman, and Tim Kiladze, The Globe and Mail – Ottawa has unveiled plans to introduce a deductible into Canada’s taxpayer-back mortgage insurance system, a move that could force the […]
New Mortgage Rules To Reinforce Soft Landing In Canadian Housing
On Friday, October 20th, 2016 TD Economics issued a special report on the new mortgage rules and what they mean for our housing market. TD Economics Highlights • Earlier this month the Canadian government announced a new set of mortgage regulations and tax measures aimed at ensuring the health and stability of the Canadian housing […]
New Liberal Government Housing Rules: Great for the Banks, Bad For Canadians
The keys to home ownership in Canada are now harder to reach than ever. Meanwhile, the keys to the Canadian mortgage Market have just been handed to the Big 6 Canadian banks. Yesterday Bill Morneau, Canada’s new Minister of Finance, introduced a slew of mortgage rule changes aimed at slowing down the Canadian housing market […]
Navigating the New Mortgage Rules
Canada’s new mortgage rules are designed to make it harder for you to qualify for the mortgage you have right now and they are being introduced on January 1st, 2018. The new rules will affect at least 15% of Canadians. Whether you are looking to borrow more money against your home or simply want to […]
4 Reasons You Will Pay More and Have Fewer Choices Than Before: 50% of Canada Mortgage Renewal Time
Actions taken by the Canadian banks and the Canadian government will make renewing your mortgage more costly than ever before. Homeowners looking to access the equity in their homes will discover that new underwriting guidelines now limit their ability to borrow regardless of how much equity they have in their homes. Today’s newsletter will focus […]
Here is the exact Penalties in your Mortgage
If you have a fixed rate mortgage, you may be able to get a better interest rate or even acquire additional funding by breaking your mortgage. Unfortunately, you will have to go through your disgruntled lender and the subsequent prepayment penalty. The penalty protects lenders against losses and usually represents the profit the lender was […]
The American Federal Reserve Just left Rates Unchanged: How will this affect your mortgage?
The Market Response: Government of Canada Bond Yields immediately dropped by 5% in the wake of the announcement. The Loonie, on the other hand rose slightly, while a further dip was likely had there been a rate hike. Oil wasn’t noticeably affected by the announcement, but overall the markets certainly approved. What the Federal Reserve […]
Do you know how Libya and rising oil prices will impact Canadian mortgage rates” : Marcus Tzaferis
The global economy is intricately connected, and geopolitical events can send shockwaves across financial markets, influencing various sectors. One such area that may be significantly affected is the real estate market, particularly mortgage rates. In this blog, we’ll explore the potential impact of events in Libya and rising oil prices on Canadian mortgage rates. Geopolitical […]
