Toronto Mortgage Experts
It’s been a busy summer for all of us here at MortgageAlliance. With the current low Mortgage Rates, the phones have been ringing off the hook.
We pride ourselves with being Toronto Mortgage Experts and the quality service we provide to our fast growing list of clients.
We are always available to discuss your mortgage needs. Stay tuned for upcoming promotions.
Rates Drive Home Sales
CREA says home prices are up an average of 11.3% nationwide versus last year. Given the recession we just went through, that’s nothing short of stunning. Economists say cheap mortgage…
Trust Your Gut
If you’re a mortgage planner, you can’t be afraid to trust your gut feeling when encountering unusual situations. If a client hesitates when you ask them a direct question (like…
RECA Study Sheds Light On Consumer Views
The Real Estate Council of Alberta (RECA) released a study this month about how consumers perceive mortgage brokers. Among other things, it noted that: “Consumer understanding of compensation and relationships…
New Bankruptcy & Consumer Proposal Laws
Canada’s bankruptcy and consumer proposal laws are changing today. Among other things: It is becoming more onerous to file a bankruptcy if a consumer has "surplus income” or is a…
Commercial Real Estate Recovery Near, Say Execs
The Globe recently interviewed four of the biggest commercial real estate executives in Canada. They had this to say about commercial financing: Pierre Bergevin, Pres. & CEO, Cushman & Wakefield…
Xceed Votes For Bank Status
In a special shareholder meeting today, stockholders of Xceed Mortgage voted to convert to a chartered bank. Pending OSFI approval, Xceed Mortgage will become “Xceed Bank” (“Banque Xceed” en Francais)….
BoC Keeps Rates Steady
The Bank of Canada is holding firm on interest rates, as expected. At its rate meeting this morning, the Bank kept Canada’s key interest rate at a record low 0.25%….
Home Trust Builder Program
Home Trust recently re-launched its conventional Builder Program. The program is designed (among other things) to help people finance the construction of a new home. Here are a few of…
BoC Announces Rates on Thursday
The Bank of Canada’s next interest rate announcement is this Thursday. Action Economics expects “the BoC to maintain the 0.25% rate floor and reiterate the conditional commitment to keep the…