AuthorSteve Garganis

Posted November 22, 2023 Mortgage News

The 2024/2025 Rate Forecast

At the Mortgage Professionals Canada conference last month, Benjamin Tal, Deputy Chief Economist at CIBC World Markets, gave a very hopeful and informative presentation.

Mr. Tal always has a keen sense of what’s next both nationally and internationally. He is extremely apt at making sense of global economics, then breaking down in simple terms what it means for Canada. This time he came forward with a positive forecast that I agree with: rates are due to fall.

Posted November 20, 2023 Mortgage Tips

There’s An Investment Opportunity Hiding In Plain Sight

There’s a lot of uncertainty surrounding the housing market right now, and with uncertainty comes negativity. Clickbait headlines. Grim forecasts. Pessimistic chatter. It all gets in the way of seeing the opportunities that can arise during challenging times like the one we’re in.

But if you’re someone who sees the big picture, you might want to keep reading. There might just be a unique investment opportunity right under your nose.

Posted August 14, 20231 Comment Debt

How To Navigate Three Common Mortgage Scenarios

It’s a confusing time to be a homeowner. Rates are up, and everyone has an opinion on what will happen next. It’s easy to get sucked into social media rabbit holes and make decisions motivated by fear. But at times like these, it’s crucial to block out the noise and do what’s right for you.

To that end, here are three common scenarios along with my recommendations on how to save money and hang onto some peace of mind.

Posted August 10, 20231 Comment Real Estate news

What Happened to Pride in Home Ownership?

I’ve always believed that owning a home is something to be proud of. Something to strive for. Most people used to agree with me – but more and more I hear home ownership getting a ton of hate. What happened?

Purchasing a home was always an ideal in this country that motivated people towards financial prosperity. Renting was always a short term solution until you could buy a home. Now it seems that many people actually prefer to rent and take pride in it. How did we get here?

Posted June 26, 20231 Comment Mortgage Rates

Looking To Buy? Now Might Be the Right Time

You’ve probably heard me say this before: it’s never a good idea to time the market. But there are moments in time where if you’re looking, it might be better to act sooner than later. These times are rare, but when they do come around, they present a unique opportunity if you play your cards right. This is one of those times.