Breaking News – Bank of Canada Rate

Breaking News – Bank of Canada Rate

The Bank of Canada’s key interest rate remains unchanged at 0.50% as the Bank takes on a more dovish tone for the short term.  This is partially due to the disrupted oil production in Alberta as well as the slower-than expected recovery in...
Closing Costs – The Costs of Buying a Home

Closing Costs – The Costs of Buying a Home

Before you take possession you need to consider any and all additional costs. We call these closing costs. Generally estimated around 1 – 1.5% of the price of the home, these are the unavoidable costs that are the last hurdle between you and glorious home...
A sobering look at the economy

A sobering look at the economy

Everyone is waiting for the Liberal government’s new budget on March 22. Prime Minister Justin Trudeau has promised to run deficits in the coming years because billions will be spent on projects like infrastructure, which he predicts will create jobs and help revive...
Here’s what can effect your credit score

Here’s what can effect your credit score

Okay, you’ve worked hard to build up your credit score. You pay all your debts on time, have focused on getting out of debt –maybe even closed a few of those accounts because you don’t need them or want them anymore. Then one day you apply for a loan...
Important Federal Update

Important Federal Update

Today Finance Minister Bill Morneau announced changes to down payment requirements. Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from five per cent to 10 per cent for the portion of the house price above...
First Time Homebuyer

First Time Homebuyer

Buying a home is one of the biggest financial and lifestyle decisions you will make. So it pays to make an informed decision by first looking at the main disadvantages and advantages of Homeownership. A TMG Mortgage Professional will assist you with the entire...

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