August 2020- Economic Update by Dr. Sherry Cooper

Darcy DoyleUncategorized

Canadian Housing Market Very Strong in July Today’s release of July housing data by the Canadian Real Estate Association (CREA) showed a blockbuster July with both sales and new listings hitting their highest levels in 40 years of data. This continues the rebound in housing that began three months ago. … Read More

Don’t Do This When Seeking a Mortgage!

Darcy DoyleBlog, Mortgage Tips

In today’s reality of tougher mortgage qualification rules, it’s even more important to pay attention to the little things that can make or break your chances of qualifying for a mortgage – or hanging on to your approval all the way through to closing. Did you know that it’s getting … Read More

Why Do I Need an Appraisal?

Darcy DoyleBlog, Mortgage Tips

Mortgage lenders request an appraisal for several reasons, but the main two are: 1) When you’re buying a new home; and 2) If you’re dipping into your home equity through a refinance on your existing mortgage. An appraisal is an unbiased expert opinion on the value of your home carried … Read More

Is it Time for a Mortgage Checkup?

Darcy DoyleBlog

With spring only weeks away, now’s the perfect time to consider scheduling your annual mortgage checkup. It’s important to review your options every year to ensure you’re maximizing your savings. Spring’s a popular time for a refresh and it’s also the most common time of year to buy or sell … Read More

How Do GDS & TDS Affect Mortgage Qualification?

Darcy DoyleMortgage Tips

December-Blog-Image-themortgageprofessionals

You’ve likely only come across ‘GDS and TDS ratios’ if you’ve previously applied for a mortgage. These calculations are used to determine what you can afford to pay towards homeownership costs based on your current income and debt levels. GDS – gross debt service – is the percentage of a … Read More