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 Rate Announcement
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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).

Collateral Charge graphic
Innovative Mortgage Solutions

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.

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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.

rent to own graphic
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How Does Rent-to-Own Work?

July 25, 2019

A common question we’ve come across in the mortgage industry is how rent-to-own programs work and whether they are worth it for potential homebuyers.

Closing Costs
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How Much Will My Closing Costs Be?

July 18, 2019

What are closing costs? How much should I budget for them? These are common questions we see throughout the mortgage process.

bank of canada announcement graphic
Innovative Mortgage Solutions

Bank of Canada Announcement - July 10, 2019

July 10, 2019

Eight times per year, the Bank of Canada (BoC) makes an announcement about their base lending rate based on data they have assessed about the current state of the Canadian economy. Any change to this rate indicates a possible change to corresponding rates, such as interest rates for mortgages and additional types of consumer loans.

Mortgage Terms
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Mortgage Terms Every Homebuyer Should Know

July 4, 2019

Want to be an informed buyer? Having a basic understanding of mortgages and how they work can set you up for success and financial health down the road, and can also help you understand additional types of loans.

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New-to-Canada Mortgages

June 27, 2019

If you’re new to the country, qualifying for a mortgage may look a little different than a traditional mortgage application. However, if you’ve relocated to Canada within the past five years, you are still able to get a mortgage for as little as 5 percent down.

Federal First-time Homebuyers Incentive
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Federal First-time Homebuyer Incentive

June 20, 2019

In March 2019, the federal government announced a new first-time homebuyers incentive program that is slated to roll out this fall. Earlier this week, they released further details about how the program would work moving forward.

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What’s the difference between an NOA, T4 and T1 General?

June 13, 2019

If you’re having trouble collecting the documents for your mortgage application, you’re not alone! It can be difficult to keep track of document names and where you can go to find each one, especially if you’re a first-time homebuyer who has never had to access them before.

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Sep 17It’s a busy morning at the IMS office! We love having guests in our new space, and this morning we are excited to b… https://t.co/5I3jIAYAuSFollow Innovative Mortgage