The latest housing affordability monitor from National Bank of Canada shows the cost of owning a home, relative to income, saw its steepest drop in a decade in the second quarter of this year. The last time affordability improved this much, it was due to a sharp slowdown during the financial crisis of 2008-09. […]
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Entries by denise2017
IMPROVE YOUR HOMES ENERGY EFFICIENCY. You can start small by replacing your regular bulbs in light fixtures for LED bulbs, seal your windows, and/or unplug unused chargers. BUY LOCAL FROM REPUTABLE FARMS. Know where your food is coming from and how it is being produced. You can check out local farmers markets to get […]
Last week Mortgage Professionals Canada released its “State of the Mortgage Market Report”. Although it strongly focused on the mortgage stress test it also included many interesting statistics that help show the current state of the mortgage market. We’ve summarized a handful of the findings below… There are 6.03 million homeowners with mortgages (out of […]
Not everyone can qualify for bankable mortgage loans. Private mortgages are a great alternative for while you are trying to establish or fix your credit, but are not meant to be a long-term solution. Private lenders tend to be less strict about your credit history, and have less requirements for an approval than a bank […]
Rank Broker Channel Lender Market Share Q2 2017* 12 Mo Share Change 1 Scotiabank 26.7% +1030 bps 2 MCAP / RMG 14.2% -120 bps 3 First National 12.7% -250 bps 4 TD Canada Trust 8.6% +190 bps 5 Street Capital 6.3% -210 bps 6 Equitable Bank 4.5% -10 bps 7 Merix Financial 4.5% -240 bps […]
Struggling to Understand Your Credit Score? Have you ever wondered how your credit score is compiled? Your score is out of 900 – 0 being the lowest and 900 the highest or best credit. Any score over 680 is considered to be “A” credit. No one will ever have a score of 900 because as soon as you use […]
Mid Island Mortgage
#12-327 Prideaux St.
Nanaimo B.C. V9R 2N4
Phone: (250) 753-2242
Fax: (250) 753-2262
Mon - Fri: 9:00 - 5:00