Innovative Blog

Whether you are looking for the latest Bank of Canada rate announcement, up-to-date information on the mortgage industry or fun tips on how to add curb appeal to your home, our blog is the place for you. Be sure to check back weekly for the latest industry updates and most popular mortgage topics affecting Canadian home owners!

Bank of Canada Announcement - January 22, 2020

January 22, 2020

The Bank of Canada held the interest rate steady at 1.75 percent this morning, during their first policy rate announcement of 2020.

Selling your Home as a Down Payment for a New Home

December 19, 2019

A common question we get about mortgages is “can I use the money from the sale of my current home as a downpayment for a new home?” The short answer here is yes, you can. There are two ways to accomplish this:

Bank of Canada Announcement - December 4, 2019

December 4, 2019

The Bank of Canada opted to maintain their policy interest rate at 1.75 percent this morning, during their final rate announcement of 2019.

When can I use FCT instead of a Lawyer for my Mortgage?

November 28, 2019

When you purchased your home, you most likely used a lawyer to complete the transaction. Now that your renewal is coming up (or if you are considering refinancing), you may be able to do so without one.

Bank of Canada Announcement - October 30, 2019

October 30, 2019

Although some were expecting a possible increase to the central bank’s key interest rate this morning, a weakened global outlook was a large factor in their decision to hold the rate steady at 1.75 percent today.

The New First-time Homebuyers Incentive: When does it work for you?

October 24, 2019

With the new first-time homebuyers shared-equity program in place for over a month now, we have had the opportunity to utilize the program for several of our clients. This has given us some additional insight about the situations this program is right for and what to watch out for when considering the incentive as a first-time buyer.

Can I Add Renovations to my Mortgage?

October 10, 2019

Have you found your ‘almost’ dream home? Perhaps you love the neighbourhood, the size of the lot and the number of bedrooms, however the outdated kitchen is holding you back from making an offer. This is where a ‘purchase plus improvements’ mortgage comes in.

Bank of Canada Announcement - September 4, 2019

September 4, 2019

There was no change to the central bank’s benchmark interest rate this morning, which marks one year since an adjustment has been made. The decision to hold the rate steady at 1.75 percent came with a downgraded outlook from July’s Monetary Policy Report (MPR).

What is a Collateral Charge Mortgage?

August 29, 2019

Collateral charge mortgages are increasing in popularity among lenders, which has increased confusion for some homebuyers on what type of product they’re being offered. There are a few key differences between collateral charge and standard-charge mortgages, each with their own benefits and drawbacks.

Finding Our Why

August 9, 2019

We have spent a considerable amount of time examining our professional values and, in the end, we narrowed down the list to five that we feel are at the very core of how we operate. Today, we are excited to finally share those with you all.