The sun is coming out, and the snow is disappearing. You know what that means: it’s flood season. And because flood season is upon us, it’s time to make sure you’re covered, North East Mortgages President Terry Kilakos reminds homeowners. “What you need to do is ask specific questions,” Kilakos explained. “When you call your…
DetailsThe team at North East Mortgages would like to wish our friends the best for the holiday season! A new year brings promise but many Montreal real estate professionals agree: 2019 should not bring a foreign buyers tax for the city of Montreal. For one, this wouldn’t be enough to prevent foreign buyers from taking…
DetailsThere’s nothing quite like stepping into your dream home for the very first time. You have achieved your goal of homeownership! However, the journey from home seeker to home buyer can be challenging – unless you have a well-defined plan and guidance from the right professionals. As a mortgage broker, here’s how I will help…
DetailsRising rates & toxic debt. Just how big is the problem and what can be done about it? This is the million dollar question or should I say the $2 Trillion question. In the tail end of last year, Canadians amassed an astonishing $2 Trillion dollars of debt. Three-quarters of this debt come from mortgages, the…
DetailsSelf-employment & mortgages in many cases are like oil and water the two hardly mix as the government has put in place strict rules about who can qualify for a mortgage and who can not. In Canada and in Quebec in particular self-employment is on the rise and as such business owners are finding it…
DetailsMontreal has had enough of tax hikes! This is the message that protesters brought to Point-Claire City Hall on Sunday afternoon. Mayor Valerie Plante can dress up the hikes as she wants but the Mille rate is about to change and it will have an impact greater than what you might think. Some of the largest…
DetailsFirst Off… What’s A Reverse Mortgage? Like thousands of other canadians, maybe you’ve wondered, what is a Reverse Mortgage precisely? In short it’s a simple way for homeowners over 55 to turn up to 55% of their home into tax-free cash. It’s a loan secured against the value of the home, but unlike other loans,…
DetailsLender stock prices plunge as investors pull money out of monoline lending channels. In the early 1900’s miners, when they would descend into a mine. Would bring with them a small caged bird such as a Canary. The technology did not exist back then to tell them if dangerous gases such as carbon monoxide were present…
DetailsOfficially today a petition has been launched requesting that the Finance Department of Canada revisit is recent mortgage rule changes. The petition reads and I quote as follows “KEEP COMPETITION IN THE CANADIAN MORTGAGE MARKET Keep Competition in the Canadian Mortgage Market We are asking the Department of Finance to consider the important place non-bank…
DetailsThat’s right! We’re slowing headed into another buying season in Quebec. Many Quebecers and Canadians alike are contemplating the sale of their property or perhaps that first purchase. This blog entry will focus on the latter. First time home buyers are my favorite clients to work with. Maybe it’s the former teacher within me that’s speaking. There is so much…
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