• Bank of Canada Inflation Forecast

    DLC Parato Mortgage Group   |  

    Inflation in Canada 2021.JPG

    The Bank of Canada raised its inflation forecast in the newly released July Monetary Policy Report (MPR), making it one of the most hawkish central banks in the world. The Bank announced its third action to reduce its emergency bond-buying stimulus program by one-third. 

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  • Canadian Housing Continued to Slow in June

    DLC Parato Mortgage Group   |  

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    Ontario real estate is seeing an average year-over-year rate of price growth in the 30% range, however, as with B.C., gains are notably lower in the GTA and considerably higher in most other parts of the province.

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  • Is the housing market slowing down?

    External Author   |  

    After the frenetic pace of homebuying in Canada barely gave mortgage professionals the chance to catch their breath during the opening half of the year, the market appears to have cooled somewhat in recent weeks.

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  • The Slowdown In Canadian Housing Continued in May

    DLC Parato Mortgage Group   |  

    mortgage broker in burlington for investment properties.jpeg

    The two-month slowdown in Canadian housing is welcome news. The OECD recently released a report showing that New Zealand, Canada and Sweden have the frothiest housing markets in the world.  Clearly, COVID led many around the world to alter their abode, driving prices higher almost everywhere.

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  • 10 Steps to Home Sweet Home

    DLC Parato Mortgage Group   |  

    10 Steps for home sweet home Dominion Lending in Burlington.JPG

    Congratulations! There is nothing more exciting than moving into a new home. Whether a new building or re-sale property, there are a few things you can do as soon as you take possession in order to make it your own. Invest a weekend or two into warming up a featureless space or refreshing someone else’s old homestead. Here are 10 things you can do to really own your new space and turn it into home sweet home: Change The Locks: Secure your home by changing the locks as soon as you take possession. Even DIY beginners can change a deadbolt lock. A…

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  • How to time your Real Estate Purchase with Bitcoin?

    External Author   |  

    How to time your Real Estate Purchase with Bitcoin

    It’s no secret that Bitcoin is known for its extreme volatility and adding zeros. There is a narrative within the Bitcoin community that this is a quote unquote “Super Cycle” and this time there won’t be a steep correction. While the argument sounds plausible, markets simply don’t work this way. It is true that the magnitude of the correction could be lower than -84% and -86% of the previous two cycles, make no mistake – there will be a significant correction.

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  • 10 First-Time Homebuyer Mistakes.

    DLC Parato Mortgage Group   |  

    10 First-Time Homebuyer Mistakes.

    As a first-time buyer, there are some homebuyer mistakes you should avoid to ensure a smooth and successful experience:

    THINKING YOU DON’T NEED A REAL ESTATE AGENT

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  • Canada’s First-Time Home Buyer Incentive (2021 Updated)

    External Author   |  

    Canada’s First-Time Home Buyer Incentive (2021 Updated)

    The dawn of 2021 has left many of us revisiting financial and lifestyle decisions made before the global pandemic threw the entire world into disarray.

    Looking back to September 2019, first-time buyers had reason to feel optimistic. September 2, 2019, marked the launch of the Canadian Mortgage and Housing Corporation’s all-new First-Time Home Buyers Incentive (FTHBI).

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  • Outside The Box.

    DLC Parato Mortgage Group   |  

    Outside The Box

    For most Canadians, a home looks like a few different things. It is either a single-family dwelling, a townhome, condominium or a high-rise. But Daniel Croft, Vice President of Giant Container Services, is looking to change that!

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  • Making The Grade: Common Myths About Credit Scores.

    DLC Parato Mortgage Group   |  

    How is your credit score calculated? It is a complex answer and, as such, common myths persist. Today, we are going to help you get a better understanding of your credit score and how to make the grade by busting the most common credit score myths!

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  • Bank of Canada Holds Rates Steady, But Pares Bond-Buying Program

    DLC Parato Mortgage Group   |  

    Bank of Canada sign

      Bank of Canada Scales Back Bond Buying Today, the Bank of Canada held its target for the overnight rate at the effective lower bound of ¼ percent. The Bank is also adjusting its bond-buying program from weekly net purchases of Government of Canada (GoC) bonds of $4 billion to $3 billion. This adjustment to the amount of incremental stimulus being added each week reflects the progress made in the economic recovery.   Finally, the Bank now suggests that the remaining slack in the economy could be fully absorbed by the second have of 2022--rather than 2023, suggesting that they may begin raising overnight interest rates before the end…

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  • Canadian Real Estate Sales Hit A Record High

    External Author   |  

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    The record is for any month of home sales, not just for the time of year. Annual growth was also the highest ever, beating even annual growth in 2009.

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  • Your Credit Rating: The Five C's

    DLC Parato Mortgage Group   |  

    Mortgage broker in burlington

    Buying your first home is an incredible step in life, but it is not without its hurdles! One of which is demonstrating that you are creditworthy, which all comes down to your credit rating. 

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  • 5 Things to Know Before Buying a Rural Property

    DLC Parato Mortgage Group   |  

    Affordible-Rural- Homes-in-milton-mortgage-broker2

    However, before you dive into country living, there are a few things you should know! Especially, how different it can be to qualify for a mortgage.

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  • Canada Real Estate Continued to Surge in February 2021

    External Author   |  

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    Today the Canadian Real Estate Association (CREA) released statistics showing national home sales hit another all-time high in February 2021. Canadian home sales increased a whopping 6.6% month-on-month.  Burlington mortgage brokers can help you secure a home in this hot market.

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  • What Housing Crash? Home Prices Soar to Record Levels of Over $600,000

    External Author   |  

    HouseKey-724x407

    Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

    Article Written By:  Adam Othman 

    Original Article Posted on:  February 22, 2021 

    Link to Original Article:  https://www.fool.ca/2021/02/22/what-housing-crash-home-prices-soar-to-record-levels-of-over-600000/

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  • Some Canadians are ditching their debt as others drown during the pandemic

    External Author   |  

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    Original Article Source Credits:   Financial Post , https://financialpost.com/

    Article Written By:  Ethan Rotberg

    Original Article Posted on:   February 1, 2021 

    Link to Original Article:  https://financialpost.com/moneywise/some-canadians-are-ditching-their-debt-as-others-drown-during-the-pandemic-3

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  • Mortgage Renewals

    External Author   |  

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    Original Article Source Credits:   Canada.ca ,  https://www.canada.ca/

    Article Written By:  NA

    Original Article Posted on:  

    Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/renew-mortgage.html

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  • Preparing For The Spring Real Estate Market

    DLC Parato Mortgage Group   |  

    spring_home

    Spring is almost here in Burlington and the GTA!  As your Burlington mortgage broker I have put together some important tips to help you get prepared for the Spring market.  Regardless if you are buying or selling, here are some valuable tips and info to keep in mind this spring. 

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  • What to expect for Canadian real estate in 2021

    External Author   |  

    What to expect for Canadian real estate in 2021

    Original Article Source Credits:   CTV News , https://www.ctvnews.ca/

    Article Written By:  Graham Slaughter

    Original Article Posted on:  January 3, 2021 

    Link to Original Article:  https://www.ctvnews.ca/business/what-to-expect-for-canadian-real-estate-in-2021-1.5236712

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