https://www.thestar.com/business/personal_finance/2023/04/10/the-first-home-savings-account-is-here-is-that-house-finally-within-reach.htmlhttps://torontosun.com/news/real-estate-activity-remains-muted-in-face-of-steep-rate-hikes The new federal plan has some hiccups — it’s still not available at the Big Six banks — but once it’s up and running, it will allow potential buyers to save for their first home tax-free.

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-builder-incentives-mortgage/ “Rebates of this nature can impact how much you can borrow,” says Shawn Stillman, a mortgage broker and co-founder of Toronto-based Mortgage Outlet. To protect yourself, Mr. Stillman suggests a simple move. “Make sure you have an ironclad mortgage preapproval before the cooling-off period is over on your purchase contract.” and “Make sure the […]

https://www.bnnbloomberg.ca/what-mortgage-owners-need-to-know-about-the-bank-of-canada-s-second-rate-pause-1.1906905 Canada’s central bank elected to hold the overnight rate at 4.5 per cent Wednesday, reaffirming economists’ expectations. Last month, the Bank of Canada became the first major central bank to pause interest rate hikes. “For many mortgage holders, what this actually means is that there’s likely to be a period of stability in the […]

https://www.thestar.com/business/personal_finance/2023/04/10/the-first-home-savings-account-is-here-is-that-house-finally-within-reach.htmlhttps://torontosun.com/news/real-estate-activity-remains-muted-in-face-of-steep-rate-hikes The new federal plan has some hiccups — it’s still not available at the Big Six banks — but once it’s up and running, it will allow potential buyers to save for their first home tax-free.

https://www.iheartradio.ca/580-cfra/audio-podcasts/the-morning-leah-zlatkin-interview-when-your-mortgage-lender-wants-out-gta-sees-a-surge-in-forced-sale-listings-1.19396606?mode=Article When your mortgage lender wants out: GTA sees a surge in forced sale listings, we speak to Leah Zlatkin, a Toronto-based mortgage broker and COO at Mortgage Outlet and my family’s broker.

https://www.cp24.com/video?clipId=2641077&binId=1.1127680&playlistPageNum=3 Leah Zlatkin, Mortgage Broker and COO at Mortgage Outlet dives into projections around the BoC holding rates steady.

Interest rates have been on a rollercoaster ride over the past year and have skyrocketed beyond expectations. The Bank of Canada promised low rates for a long time, but this has not been the case. The increasing mortgage rates and payments are putting homeowners under immense financial pressure and are a cause for concern. At […]

In a down market, buyers have the advantage, but it is still important to be well prepared and informed. Here are 7 tips for buying a home for less in a down market: Do Your Homework: Research the area and price range to get an idea of what is considered excessive or low. Utilize your […]

Winter weather can be tough on your home, and proper maintenance is essential to protect it from damage and ensure a comfortable living environment. Here’s a list of internal and external tasks to keep in mind for winter home maintenance. Internal Tasks Keep interior doors open during deep cold spells (below 15 degrees for more […]

https://www.thestar.com/news/gta/2023/02/03/the-homeowner-horror-story-my-mortgage-is-up-for-renewal.html After eight rate hikes, mortgage angst is spreading among the one million Canadian households facing renewal, bringing higher bills and stress.