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  • How To Purchase When The Mortgage Rules Keep Changing?

    Whether you are a resident of Canada or even a non-resident (living and working abroad), you are probably wondering how to keep purchasing and/or refinancing when the mortgage rules keep changing like the wind! Since last October, we have seen massive changes – everything from increased rates, [...]

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    Why Is DCR The Most Important Factor In Commercial Financing?

    DCR or debt coverage ratio, is one if not the most important thing to factor when it comes to commercial financing.  However, it is one of the most overlooked aspects so I thought I would touch upon it’s importance here. Last month, I closed on a very difficult commercial deal – a 12-plex in [...]

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    What's The Outlook In the Commercial Property Market For The Rest of 2017?

    Many investors have been looking at their current residential portfolio’s and not liking what they are seeing.  For instance, the recent rule changes have affected their ability to grow their single-family portfolio’s with CMHC no longer insuring these properties, which means less lenders to [...]

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    Updates For Non-Resident Purchases In Canada

    Recently James, a non-resident from Singapore purchased a property in Toronto.  We completed the deal from start to finish in 10 days, which was highly stressful for both the borrower, realtor and mortgage broker – yours truly. Everyday, I was faced with lender delays, appraisal delays’ and [...]

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    Private Lenders Are Feeling The Squeeze Too!

    Everyday, I open up my inbox and I see countless messages or promotions from Private Lenders – both individual’s and institutional privates, seeking to compete in this ever-changing mortgage landscape. Gone are the days, you could call a private lender and ask them to fund your client’s [...]

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    It's Not About Rate But Rather About Exit Strategy!

    As a mortgage broker the worst question to get asked is “what’s the best rate you can get me?”  When you shop for rate alone, you are unfortunately missing the bigger picture! Let’s look at why this makes a difference when purchasing property in Canada and the US. When you buy in Canada [...]

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    GTA Housing Market - Cooled Off or Simmering?

    Guest Post by Yvette Barnes, Real Estate Salesperson at Right at Home Realty We’ve heard a lot since the Federal and Provincial governments weighed in on the GTA housing market. Has the market cooled?  It depends. Prices soared last November because there were no listings. This April [...]

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    The Shift From a Seller’s To a Buyer’s Market Is Especially Helpful To Non-resident Buyers!

    As the summer approaches, I start to get inquiries from Canadian non-resident or expat clients, inquiring about how to purchase properties in Canada. Many of these clients are Canadian citizens but they are working and living abroad in countries, such as, Dubai, Singapore, Abu Dhabi and England [...]

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    WHY ARE MANY CANADIAN INVESTORS REFOCUSING ON THE US PROPERTY MARKET?

    As a mortgage broker, I always strive to think out of the box, in order to stay competitive. With that in mind, over two years ago, I went to the US (specifically Florida) and started making contacts with realtors, other mortgage brokers, lenders and wholesalers, just to name a few. Once I had[...]

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    The Government Stole My Mojo….But I Got It Back!

    This is not my typical mortgage article but was important for me to write so I hope you like it! As a self-employed entrepreneur and solo mortgage broker, it can get lonely and difficult in this business and having only been doing this for 3.5 years, I have had my days when I wanted to quit!  I [...]

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