How to get a lower Mortgage Rate this Spring | Marcus Tzaferis discusses Mortgage Rates Drop on CBC: The National
Mortgage rates in Canada are set to drop again with BMO leading the charge with their new 2.99% 5 year fixed rate. Why is this happening and what does the future hold. To hear Marcus Tzaferis talk about these new rate drops live on CBC click here. Mortgages in Canada are priced in accordance with where […]
Marcus Tzaferis : Discusses Financing Residential and Commercial Properties
Investing in real estate, whether for personal or business purposes, is a significant undertaking that often requires careful financial planning and strategic decision-making. Financing residential and commercial properties involves understanding the unique dynamics of each sector and selecting the right financial instruments to achieve your goals. In this blog, we’ll explore the key aspects of […]
Do you know CMHC is Getting More Expensive
On Friday, CMHC announced that it was increasing its mortgage insurance premiums. Canadians looking to purchase with a down payment that is less than 20% should be prepared to see a slight increase in the price they get charged for mortgage insurance. In recent years, prospective homeowners in Canada have faced a significant challenge—the increasing […]
What You Need to Know About Assumable Mortgages
Everyone knows the old saying about making assumptions. “When you assume you make an…”you get it. There is one instance where assumptions are the right thing to do – when it comes to your mortgage. The purchase of a new home can be quite costly and usually entails some form of financing to make the purchase a […]
Hey, Our Shareholders, A Small letter for you
Dear Partners: Firstly, all of us at Cannect hope that this communication finds you and your family healthy and managing through this extraordinarily trying time. I have spent the last few days at home calling our borrowers and investors to discuss the current environment and to explain what steps Cannect is taking as a result. […]
Do you think It is worth 0.9% to Have A 10 Year Fixed Rate Mortgage?
Many people are asking whether they should entertain the idea of switching to a 10-year fixed-rate mortgage as they investigate mortgage options currently available in the market. The decision should be based on three factors 1. Your mortgage timeline: If you are looking for a longer amortization on your mortgage, you will save more with […]
How to Choose Between Personal and Mortgage Loans
Buying a home is a major financial undertaking, and it’s no surprise that it’s easy to become overwhelmed. That’s why knowing the type of financial options available to you is so important. Fortunately, there are now more funding options than ever to help make your home ownership goals a reality. One of the most common […]
Do you know the Interest and CMHC Changes?
Interest rates have been steadily increasing over the past few weeks. This should come as no surprise to anyone reading these newsletters. We do anticipate that rates will increase further before slowing down and probably heading back down to lower levels. Royal Bank is increasing their rates tonight, on the back of stronger bond yields […]
Are Personal Loans or Mortgages Better for Buying a Home?
Buying a home is a major financial undertaking, and it’s no surprise that it’s easy to become overwhelmed. That’s why knowing the type of financial options available to you is so important. Fortunately, there are now more funding options than ever to help make your home ownership goals a reality. One of the most common […]
Prime Rate Impact: Will Your Home Value Drop?
The Prime Rate in Canada just increased, you are wondering what this means for your mortgage, we think it’s time for an analogy. Let’s pretend the Canadian and American economies are cars. Our Central Banks (The Bank of Canada and the Federal Reserve) are driving the cars. The main job of the drivers is to […]
