Interest Rate Update As much as the media and market commentators call Wednesday’s June 7th interest rate hike of .25% to a Bank Rate of 4.75% a surprise, we have been calling for a 25-50b basis point increase in interest rates for the later part of this year. (See our articles Jan 24, Mar 7 […]
Continue ReadingSenior’s Budgeting: Reverse Mortgage Can Ease Financial Stress
House Rich & Cash Poor? A Reverse Mortgage Could Give You More Freedom As we age, our financial needs often become more pressing. In the past few years, we have watched the value of homes in many Ontario communities surge at unprecedented rates. Simultaneously, as the cost-of-living increases, seniors in Canada on Fixed Incomes are […]
Continue ReadingLife Insurance for Families
Guest Feature by: Peter Morgan Balancing the demands of a busy life – the family, the job, the house – is already a challenge. When you add shopping for life insurance to the list, it can be overwhelming. We can help. At Co-operators, we’re committed to delivering straightforward advice and solutions, making it easy for […]
Continue ReadingRelief for the Distressed Borrower
Distressed over Finances? We are here to help! Are expenses starting to rule your life? How are other Canadian families making ends meet as the world settles back into “normal”? The lingering impacts of the pandemic, a volatile housing market and rising inflation rates have left many struggling to catch up. From what we’ve […]
Continue ReadingAdvance Your Career with Buckley Mortgage Mentoring
Move Ahead with Mentoring from Gerard @ Buckley Mortgage Broker Team at Mortgage Wellness “Your friendly, sociable, outgoing nature allows you to work effectively with others and selling your ideas comes naturally to you. People describe you as being optimistic and having a positive outlook.” Does this sound like you? If you also bring […]
Continue Reading8 Simple Steps to Take Control of Debt
Is post-pandemic debt weighing you down? For many people, debt is an unavoidable fact of life. But the past two years of global turmoil has added financial pressure on many Canadians. According to a COVID-19 financial well-being survey conducted by the Financial Consumer Agency of Canada, over half of Canadians have been financially impacted […]
Continue ReadingThe Housing Market is a Changing — Mortgage Trends for 2022 Part 2
So, Where do we stand now? A lot can happen in a month! Since our last update, we’ve seen major shifts take place in the housing market – as tides have turned things from a seller’s market into a stable market. Some would even say the buyer is gaining some presence in the real estate […]
Continue ReadingCanada Brings in Changes to the Mortgage Stress Test June 1st
More change is coming for Canadians looking to get home financing. Proposed updates to the current mortgage stress test for applicants to get approval are kicking in June 1st. These changes are intended to defuse some of the unsustainable growth we’ve seen in the housing market over the past 18 months. Changes for […]
Continue ReadingLocal Mortgage Broker Gerard Buckley Announces Continuation of Community Partnership with the Hospital Foundation
Released on March 25, 2021 The Saugeen Memorial Hospital Foundation is pleased to announce that Gerard Buckley will continue his community partnership with the hospital foundation in 2021. In 2020 Mr. Buckley committed to donating $200 from every professionally referred mortgage completed through his Saugeen Shores location. Some of these referrals came from local […]
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