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About Mortgage LogicFinding the right mortgage for your circumstances is important to us. As Accredited Mortgage Professionals (AMP) we offer the highest level of integrity, customer service and industry knowledge.
- A client of ours recently wrote about their experience for others to benefit: "For us, dealing with someone we trusted who had extensive experience in the mortgage lending field was a necessity. Having worked in financial services for a while, I’m lucky to know a few good mortgage brokers, however if you don’t have anyone in your network that you would like to work with then ask friends and co-workers for referrals. Whether it’s your first mortgage, a renewal or a… Read More
- The Bank of Canada announced today that it will be holding the line on any Bank interest rate changes at this time. With a slower Canadian economy (projected GDP growth of 1.5%) vs. the US (projected GDP growth of 2.8%), there is definitely a divergence in trend between the U.S. and Canada. The Bank Rate will remain at 0.5% and the Prime Rate of interest with major FI's should remain at 2.7%. It would be handy for the BOC to lower… Read More
- Canada is raising minimum down payments on some government-insured mortgages, a move aimed at curbing the risk of a housing crash in Toronto and Vancouver where high prices are leaving some families at risk from heavy debt loads. Finance Minister Bill Morneau announced the plans on Friday morning in Ottawa. The required down payment on homes worth at least $500,000 will rise to 10 per cent from 5 per cent starting Feb. 15, 2016 — however the higher threshold will only… Read More