There has been a lot of discussion recently about how variable-rate mortgage holders could face their “trigger point.” We’re going to explore what that means, and the implications for borrowers. Let’s first cover the basics. Most variable-rate mortgages have static monthly payments, which protect the borrower’s cash flow from fluctuations in the prime rate. Four of the Big Six banks offer fixed payments for variable-rate mortgages, and so do several credit... [read more]

  by Neil Sharma24 Jan 2019             Cognizant of a looming election issue, the federal government says it intends to make housing more accessible to millennials, but how that will happen remains to be seen. Tom Storey, a Royal LePage Signature Realty sales agent based in Toronto, notes there’s a credit on the national land transfer tax and that retaining the former and eliminating the... [read more]