Fixed rates continue to go up ahead of Bank of Canada rate increase likely to take place in March 2022

Over the past couple of weeks, all of the big banks and countless other mortgage lenders have bumped up some of their fixed rates. (more…)

pre approved, 3D rendering, triple flags

Why Getting a Mortgage Preapproval You Can Depend on is More Important Today than Ever

The real estate market is in a frenzy and and in many markets, serious buyers are finding that they need to submit firm offers if they are to have any chance of buying a property. Not only that, but most properties are being sold over asking price to the highest bidder. The days of submitting an offers that were “conditional on financing” appear largely to be gone, at least for now. (more…)


Rate Drop on the Self Employed – “No Tax Return Mortgage” written by David Grossman

1 or 2 year term now starting at 2.74% rate (reduced from 2.99%)

Question: Aren’t best available mortgage rates under 2% now? Why would anyone want to pay 2.74% rate when best rates are under 2%?



The Therapy of Walking, written by David Grossman

“Simpler is almost always better.”

If you want to maintain a basic level of fitness in your life, which in my view, is all you really need to live a healthy lifestyle, I am convinced that fitness clubs, gyms and personal trainers (the fitness industry at large) is mostly unnecessary, unless you are training for a particular sporting event. (more…)


Mortgages; Insured Specials, Self Employed, Construction, Reverse Mortgages and Perspectives on Deferrals

Perspective on Mortgage Deferrals: No Shame in Renting

With mortgage deferrals coming to an end, CTV commentator Pattie Lovett-Reid does a good job summarizing homeowner options in a recent article. Click here to read it now. (more…)


It’s a Big Month for CRA / Mortgage Solutions for Self Employed

Not only do self employed Canadians need to file their 2019 tax returns by September 30th 2020, but they also need to remit any taxes payable for the 2019 calendar year by Sept 30th. (more…)

Loving senior couple enjoying the sunset, sitting on the dock

The Sitting on the Dock of the Bay Mortgage (for Self Employed)

Especially Good for Self Employed Borrowers

We have had great weather this summer and it’s hard to believe it’s almost over! If you’ve taken some time off to enjoy the summer holidays, have you started thinking about how you’re going to manage getting back into your Fall routine? Will you do anything differently in your business this Fall? (more…)

Real Estate Investment Collage

Rental Properties: How Much Down Payment do you Need?

To answer this question, the first thing we need to know is whether the property residential or commercial. (more…)

self-employed mortgages

How Much (Self Employed) Income Should You Report, Part II

I recently wrote about why, if you’re self employed, you should not hesitate to claim all your legitimate expenses and not worry about reporting a higher net income for mortgage qualifying purposes. I’m pleased to say I had a lot of good feedback on the article. If you haven’t read it, but would like to, click here to read the article now. (more…)

property equity

How To Take Equity Out Of Your Property

There are a number of reasons why people want to take equity out of their properties. The exercise of removing equity from your property is known as a “mortgage refinance” or an “ETO/equity take out”. Some of the most common reasons people want to take equity out of their properties are to: (more…)