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Saving for a Downpayment? Some Advice Along the Way!

by Marco Abballe | Jun 13, 2017 | Blog, Finance, Mortgage

If you are looking to purchase a property in the next while, you probably already know that you need at least 5% of the purchase price as a downpayment. Saving a bigger downpayment, let’s say 10%, certainly increases your chances of securing financing. While...
Bank of Canada Rate Announcement May 24th, 2017

Bank of Canada Rate Announcement May 24th, 2017

by Marco Abballe | May 24, 2017 | Announcements, Blog, Mortgage

The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Inflation is broadly in line with the Bank’s projection in its April Monetary Policy Report (MPR)....

Using Your Home Equity to Stay Just a Little Bit Longer

by Marco Abballe | Apr 25, 2017 | Blog, Homeownership, Mortgage

Last month, the article “Can’t find the Perfect Property in Your Price Range” was published on the blog, where the purchase plus improvements program was outlined as a way to buy and renovate a property at the same time. If you are looking to buy a...

Understanding Property Deal Closing Costs

by Marco Abballe | Apr 18, 2017 | Blog, Homeownership, Mortgage

When you purchase a new home, there are many additional costs beyond the purchase price for which you will be responsible before you are handed the keys. In this Home Trust Mortgages Blog article, we will look at some of these additional expenses and provide a rough...
Bank of Canada Rate Announcement May 24th, 2017

Bank of Canada Rate Announcement April 12th, 2017

by Marco Abballe | Apr 12, 2017 | Announcements, Blog, Mortgage

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Global economic growth is strengthening and becoming more broadly-based...
Bank of Canada Rate Announcement May 24th, 2017

Bank of Canada Rate Announcement Mar 1st, 2017

by Marco Abballe | Mar 1, 2017 | Announcements, Blog, Mortgage

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. CPI inflation rose to 2.1 per cent in January, reflecting higher energy...
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