by Tribe Financial | May 28, 2021 | Blog, Economy, Finance, Homeownership, Mortgage
A recent Equifax survey of Canadian consumers shows 40% feel that mortgage fraud is a growing problem. Even more unsettling is that 9% admit to not having been entirely truthful on their loan applications, and a similar number believe it’s acceptable to falsely report...
by Tribe Financial | May 14, 2021 | Blog, Economy, Finance, Mortgage
Since the global pandemic reached our shores, the Bank of Canada cut its overnight target interest rate in a number of unscheduled announcements, finally settling on the record low 0.25%. Understandably, these reductions were implemented in an effort to help offset...
by Tribe Financial | May 7, 2021 | Economy, Finance, Homeownership, Mortgage
The federal government introduced a number of relief measures last year in an effort to assist individuals facing significant financial hardship due to the COVID-19 pandemic, including the opportunity for Canadian lenders to allow customers to defer their mortgage and...
by Tribe Financial | Apr 16, 2021 | Blog, Homeownership, Mortgage
When buying a home, mortgage financing requirements are subject to lender approval, which is based on certain conditions including an appraisal of the property. The appraisal is conducted by a licensed, professional real estate appraiser who provides an evaluation of...
by Tribe Financial | Apr 9, 2021 | Blog, Economy, Homeownership, Mortgage
Canadians are living longer and changing our society in significant ways. Expected to grow by 68% in the next 15 years, this surging demographic is heavily influenced by aging baby boomers, advances in modern medicine, healthier lifestyles, and an increased resilience...
by Tribe Financial | Mar 26, 2021 | Blog, Economy, Finance, Homeownership, Mortgage
Will you be buying another home in 2021? If so, you’ll likely want to use the proceeds from the sale of your current home to purchase the new one. But, coordinating the timing of both transactions can be tricky, particularly if the closing date of the sale is set to...
