Latest News Peter Carstensen 30 Aug
If you are wondering what maybe coming in the fall, here’s a recent article from economist Sherry Cooper. After fueling Canada’s economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate. It’s welcome news for prospective buyers hoping for a better price. But […]
Read MoreInterest Rates Peter Carstensen 10 Aug
Finally Some Good News On The Inflation Front It was widely expected that US consumer price inflation would decelerate in July, reflecting the decline in energy prices that peaked in early June. The US CPI was unchanged last month following its 1.3% spike in June. This reduced the year-over-year inflation rate to 8.5% from a […]
Read MoreLatest News Peter Carstensen 15 Jul
Bank of Canada Shocks With 100 bps Rate Hike. A Super-Sized Rate Hike, Signalling More To Come Published by Sherry Cooper The Governing Council of the Bank of Canada raised its target for the overnight policy rate by a full percentage point to 2-1/2%. The Bank is also continuing its policy of quantitative tightening (QT), […]
Read MoreMortgage Tips Peter Carstensen 30 Jun
When it comes to shopping for your perfect home, it can be hard to find the exact one ready to go! If you are looking into a home that requires improvements, there is a mortgage product known as Purchase Plus Improvements (PPI). This type of mortgage is available to assist buyers with making simple upgrades, […]
Read MoreMortgage Tips Peter Carstensen 25 May
Did you know, approximately 60 percent of people break their mortgage before their mortgage term matures? While this is not necessarily avoidable, most homeowners are blissfully unaware of the penalties that can be incurred when you break your mortgage contract – and sometimes, these penalties can be painfully expensive. Below are some of the most […]
Read MoreGeneral Peter Carstensen 3 May
Ways to finance a second property Often the best option is to refinance your current mortgage. Mortgage refinancing means getting a reevaluation of your home and then redoing your mortgage based on the current value. This will allow you to tap into the equity your home has built over the years, and pull out the […]
Read MoreMortgage Tips Peter Carstensen 19 Apr
Mortgages can sometimes feel like endless stacks of paperwork but being prepared in advance can save you time and stress! Getting your mortgage pre-approved is part of this prep process and will make things easy in the long run. To get pre-approved, the lender must have taken you on as a client and reviewed all […]
Read MoreGeneral Peter Carstensen 30 Mar
When it comes to mortgages, one of the most important influencers is interest rate but do you know how this rate is determined? It might surprise you to find out that there are 10 major factors that affect the interest you will pay on your home loan! Knowing these factors will not only prepare you […]
Read MoreGeneral Peter Carstensen 4 Feb
When it comes to the Canadian housing market, there are lots of options for where to live! From renting an apartment to owning a single-family home, it all comes down to where you see yourself living and what you can afford! The beauty is, there is no right or wrong answer when it comes to […]
Read MoreGeneral Peter Carstensen 30 Nov
Have you ever checked out an open house in the neighborhood, which you had no intention of buying? Or checking out listings online for your dream home? Of course you have! We’ve all looked at houses for fun, even just to examine the possibilities! In reality though, it can actually be quite stressful when you […]
Read More