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Eric Gall || July 24, 2018

Interest rate increase has winners

Believe it or not, the recent .25% rise in the prime interest rate is an indicator of a healthy economy. Despite trade tensions, Canada’s economy looks to be weathering the tariff storm well, for...

Eric Gall || June 14, 2018

Housing affordability continues to erode

New mortgage rules, rising interest rates, and stress tests have definitely cooled housing market activity by making it more challenging for some to qualify for mortgage. An unwelcome consequence...

Eric Gall || November 14, 2017

A Time of Great Change

As you probably know, the mortgage rules are changing once again, effective January 1. The introduction of the minimum qualifying rate (stress test), this time for uninsured buyers, may be the...

Eric Gall || February 21, 2017

Pre-Approval or Pre-Qualify – What’s The Difference?

I get this question a lot and I see quite a few clients coming too me saying they have been pre-approved but received a decline when they had an offer on the table.To get a mortgage you basically need...