TIPS AND GUIDES

Are You Ready to Achieve Financial Success?

Current Interest Rates

Current Interest Rates in Canada for Mortgages   Interest Rates as of June 29, 2022 5 Year Fixed Rate Mortgages - insured or insurable are between 4.5%- 5.00% 5 Year Fixed Rate Mortgages -uninsurable are at 5.00% + Variable rate discounts are prime - 1% for...

Should You Go Variable or Fixed Rate Mortgage?

Should You Go Variable or Fixed Rate Mortgage?

Should I lock my variable rate or fixed rate mortgage? The age old question, one that can cause you sleepless nights. Today, I want to take a deep dive and cover a few things to provide better perspective. Understand what few people do... In order to answer this...

Bank of Canada Announcement June 1, 2022

On Wednesday June 1, 2022, The bank of Canada officially announced the increase to the overnight lending rate by 0.5%. This announcement was the world's worst kept secret for the last few weeks as Canada’s banks were anticipating this and will be increasing their...

What Do We Do

We help you get the right mortgage – but that’s not where our job ends. We specialize in portfolio building. We are definitely mortgage brokers, but we usually start with a plan in mind. The way we view it – is it is not just bout the one transaction, it is about...

Should You Pay off Your Mortgage

Should You Pay off Your Mortgage

The next time you are at a cocktail party or family function and someone smugly tells you that they have paid off their mortgage – odds are they know little about personal finance and will likely limit their personal net worth as a result. After all, who really...

Financial Planning 101

Financial Planning 101

When you are young, your planner will suggest a growth portfolio – because you are young, you can take a little bit more risk than most people. When you have kids and you start to approach middle age, your planner is going to suggest you move to a balanced portfolio,...

How Banks Make Lending Decisions

How Banks Make Lending Decisions

The bank will rarely, if ever – give us any money if we tell them we want to invest it into a business or the stock market. There are some exceptions to this, but for the most part it is very difficult, almost impossible – banks simply do not want to because of the...

What Aleem Does When Not Arranging Mortgages

What Aleem Does When Not Arranging Mortgages

When Aleem is not arranging mortgages, you can find him playing or talking about his favourite sports, or at a local restaurant or pub enjoying good food and a beverage, as well as great company and conversation which will very likely include educating people on the...

How to Retire Early and Retire with Wealth?

How to Retire Early and Retire with Wealth?

In order for you to be able to purchase a 500 thousand dollar property, you need to have 100 thousand dollars down payment. If you are able to secure this one property, and rent it out, and hold on to it for the next 30 years, you will have an asset that is worth over...

Why Would You Want To Purchase A Second Property

Why Would You Want To Purchase A Second Property

What if you could have bought another property on the same street as your current home, at the same time that you bought your current home? What if you had bought it, rented it out, and just now decided to sell it? If your current home is worth a million today and you...