Multiple banking organizations around the world are warning the 5 main banks in Canada that Canadian debt is soaring along with rising interest rates which is a deadly combination.
The ratio of household debt to disposable income reached a record [...]
It was approximately 1997 and I was working for a major bank. We were asked to finance the cutest one floor plans with a bow window for approximately $99,900. These beautiful homes are now getting close to $400,000. It was built with great vision. It[...]
Last month Toronto construction set a new record dating back to 1948 for the amount of new construction!!!
Despite the general slowdown of the real estate market, Toronto condo builders had a good month in February.
Builders started Toronto [...]
It's Time For Your Annual
A lot can change in the economy, real estate market and your life from year to year.
As a homeowner with a mortgage, it [...]
A funny but factual look at how meddling government policy measures on mortgages can screw up housing:
1. They lowered interest rates to record levels.
• Affordability skyrockets and everybody buys a house.
• Prices rise faster [...]
Many years ago, many people made fun of me and my Italian culture because in general we stayed home with our parents until we basically got married.
Did it bother me? Not really. I was able to save money and I ate well. :-)
Well, it's amazing [...]
1. Limit Credit Checks: Limit the annual number of credit checks to three or four at the most. More credit inquiries implies you are in trouble and will lower your score.
2. Pay Your Bills On Time: It represents your moral fabric that you take [...]
A young woman we'll call Donna just separated from her husband. Here she was now single, with four kids, two part-time jobs and with a mortgage. Due to her credit score (550) we managed to help her keep her home and put her in a program to lift her [...]
Peter (alias) came to see us over five years ago. He owned a restaurant and was considered self-employed. He originally bought the home in 2011 but due to the lack of mortgage self-employed programs he was in a secondary type financing with Home [...]
Yes it is that time of the year again! where we think about favourite sweethearts. Valentine’s Day is the day we dedicate to love. At Robert Floris' Mortgage Architects office in Hamilton, we appreciate the day as well. However, due to our [...]