Together, our team of experienced mortgage brokers will find the best product for you. We’ll answer your questions, present you with options and guide you throughout the entire process.
Whether you’re looking to purchase a home, investment property or commercial space, navigating the Canadian real estate market is not easy.
We work on your behalf to determine what loan amount you qualify for, as well as the repayment terms and mortgage type. This will be based on an assessment of your income, employment status, finances and credit history. All of these variables will be carefully weighed to determine how much you can borrow and which rates you’ll qualify for.
Because we have an extensive network of both traditional and alternative lenders, we’re able to locate the lowest rates and best mortgage terms for your unique situation.
The pre-approval process is key because it allows you to understand the home price you can afford, which helps with budgeting and other financial decisions. With this information in hand, your property search becomes more efficient and focused.
Start your mortgage pre-approval application today!
We’re here to help recently landed immigrants and permanent residents feel more settled in Canada.
We appreciate that every client’s situation is unique. As you explore the Canadian real estate market, we’ll work with you to determine what you can afford, review down payment requirements and get you pre-approved. Ultimately, we’ll present you with a clear overview of the different types of mortgages and advise you on the best one for your financial situation.
Given our access to multiple lenders, we’ll help you secure your dream of owning a home. Remember: having no prior financial history in Canada is not a road-block to finding the right mortgage product for you.
Get in touch today, and let’s get started.
Buying a property in Canada—and securing the best mortgage offering on the market—can be an especially overwhelming process for non-residents. Given our extensive experience, we're skilled at helping non-residents realize their dream of property ownership in Montréal and adjacent areas.
In order to be approved for a mortgage as a non-resident in Canada, you must meet certain eligibility criteria. These include undergoing asset verification, having an acceptable credit score and obtaining a banker's reference or recommendation letter. Although the minimum down payment is typically 20%, it can vary depending on where you reside in the world.
It is important to note that non-resident can be Canadians who reside outside of Canada for at least 6 months per year or are individuals who are currently residing in Canada but are not yet permanent residents.
A reverse mortgage is actually pretty neat. It allows you to remain in your home while simultaneously getting equity out of it. This is sometimes referred to as “equity release”. With a reverse mortgage, you can borrow up to 55% of the current value of your home.
Reverse lending allows Canadian homeowners 55 years and older to access their home equity on a tax-free basis. In fact, tens of thousands of Canadians are currently using reverse mortgages to improve their financial status.
Keep in mind that the maximum value you can borrow depends on 1) The appraised value of your home, 2) Your age and, 3) Your lender.
Get in touch with us today to find out more about how reverse mortgages work.
Rapidly changing mortgage regulations and lending conditions mean that a growing number of Canadians struggle to qualify for a traditional mortgage.
For people who don’t qualify for a loan from traditional or ‘A’ lending channels—such as a financial institution or bank—our brokerage team also offers alternative lending.
Commonly referred to as ‘Plan B’ or ‘B-lending’, alternative lending is often suitable for people who are self-employed, collect ‘alternative’ income sources (such as rental income) or have poor credit.
Although this form of lending might incur higher interest rates, clients can generally qualify for a larger loan amount than they would via traditional channels.
Don’t worry if you get rejected by the big banks—about 15% of all mortgages in Canada are currently provided by alternative lenders. In light of this trend, interest rates on alternative loans have remained quite low, given growing lender competitiveness.
Commercial mortgages are given to either individuals or registered businesses who wish to purchase a commercial property.
Examples of commercial properties include offices, hotels, construction projects, retail spaces, multi-family dwellings with 5+ units, rental properties and more. Another type of commercial property is a ‘mixed property’ which generally features a storefront unit at the bottom level, with two or more floors of residential units located above.
There are some key differences between residential and commercial mortgages. For one, applying for a commercial mortgage tends to require more time and documentation. Also, commercial mortgages tend to have higher interest rates and lower loan-to-value ratios, which means that a smaller proportion of the property’s total value is covered by the loan. Overall, banks and other lenders generally consider commercial mortgages to be ‘riskier’ than residential ones.
Whether you’re looking to purchase an industrial, retail or rental property, our team will work with you to secure optimal mortgage terms and conditions in addition to the lowest rates. It is important to keep in mind that both variable and fixed rate options are available, and that variable rates can be converted to fixed rates should interest rates fluctuate significantly. Mortgage loan insurance (CMHC insurance) is available when required.
Doing anything for the first time can bring on mixed feelings of excitement and anxiety. And, buying your first property is no exception. Our goal is to remove some of that stress.
Step by step, we’ll walk you through the ins and outs of securing a mortgage in a competitive real estate climate. Our goal is to address your concerns and clarify the more confusing aspects of the mortgage process. We’ll work with our extensive lending network to find you the best possible product and then present you with numerous options. You’ll receive honest, straightforward advice that’s tailored to your unique situation. Don’t worry about all the necessary documentation. We’ll review it all together.
Ultimately, our team won’t rest until we find you the best possible mortgage. We’ll carefully review your financial situation and ask you questions that will accelerate the process.
Keep in mind that the minimum down payment on any property in Canada is 5%, and that national interest rates are hovering at historic lows. Depending on your financial situation, this might mean buying your dream home just became that much more affordable. Although the minimum down payment is 5%, larger down payments are encouraged where possible as they reduce the total loan amount.
Thinking of investing in the Canadian real estate market? Whether you’re looking to buy a condo for your children or invest your money in a multi-unit residential dwelling, acquiring an investment property is an excellent way to grow your real estate portfolio and expand your net worth.
Investment properties come in different shapes and sizes, such as single-unit or multi-unit residential properties, commercial spaces and more.
For residential properties, the two most important factors for determining the type of mortgage are: 1) the number of units in the building and 2) whether or not you will take up residence in one of the units.
If acquiring a residential or commercial property is of interest to you, please get in touch with us today.
If you’re self-employed and looking to secure a mortgage, we’re here to help.
Fun fact: about 20% of all Canadians are self-employed, which sometimes means that obtaining financing is a bit more complicated.
Step-by-step, we’ll walk you through the entire process. This includes guiding you through all of the necessary paperwork, including Notice of Assessments (NoA), T1 General income tax document, financial and bank statements, and more. It is important to note that self-employed workers and business owners will have their income assessed differently than traditional employees. This is because self-employed income can appear artificially lower due to the larger percentage of expense deductions for taxation purposes.
Compared to traditional channels such as a bank, we offer greater flexibility to self-employed Canadians. For one, we have access to multiple lenders—both traditional and alternative or B-lenders—including those that specialize in self-employed mortgages and stated-income programs. With access to such a wide variety of financing options, we’re well-placed to find the best mortgage product for you!
If interest rates have gone down since you signed your mortgage, it might be a good time to consider refinancing. In fact, the decision to refinance in today’s housing market provides you with several options and benefits.
The first concerns home equity. As you make monthly payments over time, you’ll build equity into your home. Refinancing is an opportunity to tap into this equity.
It is important to note that your home equity is equal to the difference between the market value of your property and the remaining balance of your mortgage (in addition to any other debts on your property).
Refinancing provides many advantages including lower interest and reduced monthly payments. It allows you to consolidate your debt (referred to as ‘debt consolidation’) which frees up money to help pay off high interest credit card debt. Should you qualify for refinancing, you can also change your mortgage terms or obtain a different type of mortgage entirely.
Get in touch and we’ll explore whether refinancing is a good option for you.
Renewing your mortgage does not have to be an automatic process. The vast majority of people accept the proposed renewal rate without shopping around, which can result in losing money. In reality, renewals can serve as an opportunity to negotiate a better rate and loan terms.
Our team is here to help you take advantage of the most competitive rates that are currently on the market. That might mean switching to a different financial institution or lender for the remainder of your mortgage. Rethinking your options can help you save money and create a financial plan that better supports your present and future goals.
Found your dream property? Take advantage of historically low interest rates and submit your mortgage application online today.
It’s straightforward, convenient and 100% confidential.
Navigating the Canadian real estate market is easier when you know how much mortgage you can afford. In just a few steps, our interactive mortgage calculator allows you to do just that. It won’t impact your credit score and results are available immediately.
Use the free calculator