Mortgage Blog

Canada's Mortgage Experts
Emptying the Nest: How Parents are Helping their Kids Buy Homes

Emptying the Nest: How Parents are Helping their Kids Buy Homes

April 1, 2018 | Posted by: Eric Palmer

DAN YURMAN MARCH 13, 2018 In February 2018, the Financial Post ran a story about adults still living with their parents. The figures are staggering. The number of adults still liv ... [read more]

Variable Rate what to do?

Variable Rate what to do?

January 25, 2018 | Posted by: Eric Palmer

Are you in a Variable Rate Mortgage?   Me too.  If you’re in a fixed rate mortgage, this news does not impact you. Mind you ‘impact’ is too strong a word to use for t ... [read more]

Jan 19, 2018 market update

Jan 19, 2018 market update

January 19, 2018 | Posted by: Eric Palmer

TORONTO -- Many consumers will soon find their debt loads heavier now that Canada's central bank and the country's biggest commercial lenders have raised their benchmark rates by one-quarter perc ... [read more]

2018 Stress test info

2018 Stress test info

January 2, 2018 | Posted by: Eric Palmer

  Stress tests, foreign buyers and higher rates likely to impact housing market in 2018 New OSFI regulations and a requirement for more open data have changed the rules   ... [read more]

Proof of Income

Proof of Income

November 18, 2017 | Posted by: Eric Palmer

Purchase or refinance now before rules change in January If you’re looking to buy and will have more than 20 percent down, or if you are considering refinancing, then you might want to do so be ... [read more]

Why use a Mortgage Broker?

Why use a Mortgage Broker?

September 30, 2017 | Posted by: Eric Palmer

Ten great reasons to use a mortgage broker   For many Canadians, mortgage payments are their single biggest expense. Yet most don’t comparison shop to ensure they’re getting the bes ... [read more]

What is the Qualifying rate?

What is the Qualifying rate?

September 15, 2017 | Posted by: Eric Palmer

What is the Qualifying Rate?   The Department of Finance introduced the Qualifying Rate in 2010 as a new way to assess borrower eligibility and ensure borrowers can handle their payments should ... [read more]

Four Insurance definitions

Four Insurance definitions

September 10, 2017 | Posted by: Eric Palmer

Four insurance definitions for homebuyers.   It’s easy to get caught up in home buying frenzy and just focus on finding that perfect home. During all that excitement, be sure to take some ... [read more]

After the rate hike

After the rate hike

August 3, 2017 | Posted by: Eric Palmer

Eric Palmer, AMP Mortgage Broker 613.384.2334 AFTER THE RATE HIKE... What's next? On July 12th, for the first time in seven years, the Bank of Canada ... [read more]

conditional on financing

conditional on financing

July 25, 2017 | Posted by: Eric Palmer

 “Conditional on financing”: the most important part of your offer   When you find the condo or house of your dreams and want to make an offer, do you need a financing conditio ... [read more]

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Eric Palmer
Eric Palmer, AMP
Kingston, Mortgage Broker
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