Agent Blogs

Flashback to 1969… Is housing really more unaffordable today?

Apr 26, 2013

Blog posted by Kevin Harris Views (9480)

We keep hearing it on the news, from government, economists and banks… housing is more unaffordable today than it was for previous generations.  Is it really as much as people claim? We thought we would take a look and see at what the differences... [ read more ]

Things are Looking Up!

Apr 11, 2013

Blog posted by Kevin Harris Views (11561)

Not a boom, but not a bust either According to an article in the Leader-Post StatsCan has reported that the economy had stronger growth than predicted in January. The growth was primarily driven by a stronger manufacturing sector but the arts, technology and... [ read more ]

3 Impactful 2013 Resolutions for Your Home

Feb 21, 2013

Blog posted by Kevin Harris Views (9304)

Whether it’s most important for you and your family to shrink your bills or reduce your carbon footprint, these resolutions are commendable. Here are some useful tips that can benefit ecological conservation, make more time for family, and lead to home... [ read more ]

TFSA Annual Contribution Limit Increasing to $5500

Nov 26, 2012

Blog posted by Kevin Harris Views (9750)

The Canadian government announced today that the annual limit on what one can contribute to their Tax Free Savings Account will increase by $500 starting in 2013. This is the first year since its introduction in 2009 that the government has raised the... [ read more ]

A Shorter Amortization Will Save You Thousands

Nov 14, 2012

Blog posted by Kevin Harris Views (9085)

With today’s historically low interest rates, it makes sense to shorten the number of years your mortgage is amortized over. Doing this will not only pay off your mortgage years earlier, but it will also save yourself thousands of dollars over the life of your... [ read more ]

Getting Your Home Ready for Fall

Oct 1, 2012

Blog posted by Kevin Harris Views (10118)

If you couldn’t tell by the cooler weather and that it’s dark by 8pm, Fall has graced us with its presence. The arrival of Fall makes us want to curl up with a blanket by the fire and read a good book. But before that can be done, there are... [ read more ]

What's Your Number?

Aug 28, 2012

Blog posted by Kevin Harris Views (36327)

You’ve most likely heard the term “credit score” in conversations about debt or borrowing and understand that it has an effect on our ability to take out loans and get a mortgage and that it’s important to maintain good credit. Do you... [ read more ]

Bank of Canada Maintains Overnight Rate Target at 1 per cent

Jul 18, 2012

Blog posted by Kevin Harris Views (11572)

The Bank of Canada left its key overnight lending rate unchanged Tuesday, where it’s been sitting for almost two years. The last time it rose was September 8, 2010, when it was increased from .75 per cent up to 1 per cent. The overnight rate, which banks... [ read more ]

Mortgage Rules Have Changed Again

Jul 18, 2012

Blog posted by Kevin Harris Views (9617)

Here we go again. The Office of the Superintendent of Financial Institutions had proposed new guidelines for mortgage underwriting back in March and final Residential Mortgage Underwriting Practices and Procedures were released to financial institutions today.... [ read more ]

How Much Can I Afford to Pay for a Home?

Jan 12, 2012

Blog posted by Kevin Harris Views (16538)

To determine ‘affordability’ you will first need to know your taxable income along with the amount of any debt outstanding and the monthly payments. Assuming it is your principal residence you are purchasing, calculate 32% of your income for use toward a... [ read more ]

Fixed or Variable Which Way To Go

Nov 29, 2011

Blog posted by Kevin Harris Views (19211)

  How Do You Choose Which One is Better - Fixed or Variable? Posted on November 08, 2011 I thought we would do an overview of fixed versus variable rates, as this is a constant water cooler topic. As predicated, lenders have made significant changes to... [ read more ]

Interest Rate Forcast

Apr 19, 2011

Blog posted by Kevin Harris Views (21624)

INTEREST RATE HIKE LIKELY   Chances are good we’ll see an interest rate hike from the Bank of Canada this summer, based on the latest inflation figures.  Higher food and fuel prices pushed the inflation rate to 3.3 per cent last... [ read more ]

Bank of Canada Holds Rates

Apr 12, 2011

Blog posted by Kevin Harris Views (33040)

BANK OF CANADA HOLDS INTEREST RATE AT 1%   The Bank of Canada has kept its trendsetting overnight interest rate at one per cent, but not because the economy is doing poorly. The bank says the economy is actually outperforming expectations, and now expects... [ read more ]

Cash Back May Be King

Apr 7, 2011

Blog posted by Kevin Harris Views (23757)

  Cash Back May Be King!!   As mortgage rules have changed and are now in place as of March 18th consumers will feel the effects of these new changes quickly. Drawing the amortization in to a maximum 30 year term from the 35 year term it had been... [ read more ]

Bank of Canada looks at Prime Rate

Mar 1, 2011

Blog posted by Kevin Harris Views (38188)

  Release: BoC leaves overnight rate at 1.00% and preserves cautious tone   As expected, the Bank of Canada (BoC) left its target for the overnight interest rate unchanged at 1.00% for a fourth consecutive meeting since September 2010. In light of... [ read more ]

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