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Blog by Linda M Linfoot

Market Commentary - Nov 23, 2015

November 23rd, 2015
Market Commentary
A new survey for Canadian Mortgage Professionals is out. Bond Brand Loyalty asked 2,000 Canadian homeowners about their mortgage experience.
Of interest to brokers:
• 65% of customers who used a broker got more than one quote compared to just 47% of bank customers
• 35% of customers say they used a broker to get multiple quotes, 65% say they used a broker to get the best int ...

Market Commentary - Nov 9, 2015

November 9th, 2015

Market Commentary

Strong employment numbers in both Canada and the United States have market watchers focusing on interest rates again, especially in the U.S.

The Canadian figures, while impressive, are not as significant as the American numbers. Canada generated 44,000 new jobs in October but Statistics Canada says most were temporary positions created by the federal election.

In the U ...

Using a Reverse Mortgage to Cover Nursing Home Expenses

November 3rd, 2015
Using a Reverse Mortgage to Cover Nursing Home Expenses 

John and Debbi (age 77 and 73 respectively) are residents of Burnaby. Recently John was permanently placed in a nursing home because of dementia. Debbi is struggling with the finances and concerned as their savings will be completed depleted within 6 months. She is considering selling their home to get money to pay for the nursing home ...