Higher Rates & More Restrictions On Home Equity Mortgages  As of November 30th, 2016, further mortgage regulatory changes will take place that affects low-ratio borrowers. This is the second Canadian rule change this year – the first raised the bar ...

The night of the American presidential election, the CIC website crashed. Thousands of Americans, terrified by the prospect of Trump-as-president, began to research how they could become new Canadians. During Trump’s campaign, Liberal Americans had been flippantly threatening to move ...

Toronto City Councillor Kristyn Wong-Tam of Ward 27 Toronto-Centre/Rosedale recently proposed a moratorium on new high-rise residential condo developments in the downtown core. Her rationale for doing so? Housing oversupply, gridlock, road safety and disruptions to business owners caused by ...

Property: Ajax, ON Rowhouse Valued at $425,000 Current 1st Mortgage: $275,000 Purpose: Clients want to refinance their mortgage to pay out Bankruptcy. They also plan to sell their house next year and need cash for renovations. Matrix Mortgage Funded: New ...

We’ve all heard doomsday reports about the Toronto housing market. Much like religious cults who predict the end of the world every few years, various reputable  journals have been daily expecting the so-called Toronto housing bubble to pop for years. ...

Toronto Condos In The News The past week has seen lots of media attention to Toronto's housing market on topics ranging from fake proposals, low inventory and foreign home buyers. Let's take a look at some of the highlights: "Trolling" ...

Consumer Proposal: WIPED OUT Property: Owner-Occupied Detached Home Mississauga, Ontario The Deal: Refinance Property to pay out existing 1st mortgage & wipe out consumer proposal so they can save money and rebuild credit. Both clients full-time employed, 533 & 569 ...

Throwing A Lifeline Property: 2-Story Detached House Location: Pickering, ON The Deal: Couple had overextended credit with several late payments, plus existing 1st & 2nd mortgage. Matrix Mortgage Global Funded: New 1st Mortgage: $600,000 @ 80%LTV 1-year term Savings for client: Over ...

Last week we asked our clients if they were "Feeling the Crunch" and having difficulty managing their expenses this year. An overwhelming majority of our respondents said 'YES! Times are tough".  Matrix Mortgage Global would like to help put some ...

We know all about Toronto's red-hot home buying market, with bidding wars driving up purchase prices by 10's of thousands of dollars. What is surprising is that, with fewer rental properties available, we are seeing bidding wars on rental properties ...