Tim Barnes
Understanding mortgage down payments
For many homebuyers, the down payment is the biggest hurdle along the path to homeownership. This is especially true for first-time...
Tim Barnes
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Tim Barnes
- Jun 15
- 3 min
Breaking down the Bank of Canada’s latest rate hike
Variable-rate mortgage holders with fixed payments, don’t have to worry about fluctuations in their monthly mortgage payments. Instead of...
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Tim Barnes
- May 9
- 3 min
House Price Growth to Moderate but Remain Elevated This Year, Says CMHC
Despite rising interest rates, Canada’s national housing agency says it expects the pace of growth for both home sales and prices to...
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Tim Barnes
- Mar 2
- 3 min
The Bank of Canada Finally Pulls the Rate-Hike Trigger
By Mark Kerzner, President & CEO TMG The Mortgage Group So, they have finally gone ahead and done it. The Bank of Canada has decided to...
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Tim Barnes
- Feb 10
- 4 min
Free-Falling: What’s the Deal with Subject-Free Offers?
By Jennifer Watts A question that gets asked a lot in an uber-competitive real estate market—like the one we currently find ourselves...
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Tim Barnes
- Jan 25
- 3 min
Will the Bank of Canada Hike Early on Inflation Concerns?
Earlier this week, we learned that Canada’s headline CPI inflation rose to a 30-year high of 4.8% in December. That had a number of...
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Tim Barnes
- Jan 12
- 3 min
Home Surtax Explored as Prices Continue to Rise
As new home prices marked the 20th consecutive month of growth, a new report backed by Canada’s housing agency called for a new annual...
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Tim Barnes
- Dec 17, 2021
- 3 min
2021 Ends with No Bank of Canada Rate Hikes. What Does 2022 Have in Store?
At its final rate decision meeting of the year, the Bank of Canada left its key interest rate unchanged. The overnight target rate...
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Tim Barnes
- Nov 23, 2021
- 3 min
Home Prices Near All-Time High, Raising Concerns About Affordability
Average home prices across Canada are back on the rise, nearing the all-time high reached in March. In October, the average selling price...
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Tim Barnes
- Nov 2, 2021
- 3 min
Bank of Canada Moves Up Rate-Hike Forecast Over Inflation Concerns
The Bank of Canada left interest rates unchanged last week but acknowledged growing inflation challenges and the likelihood that interest...
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Tim Barnes
- Oct 26, 2021
- 4 min
Canada’s Housing Market: The Supply Issue
By: Mark Kerzner, President & CEO, TMG The Mortgage Group. In Economics 101, we learned the basics of supply and demand. Equilibrium (and...
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Tim Barnes
- Sep 29, 2021
- 2 min
Mortgage Volumes Post Record Growth
Mortgage volumes posted their highest-ever rate of growth in the second quarter, driven in large part by historically low mortgage rates...
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Tim Barnes
- Sep 15, 2021
- 2 min
What You Need to Know About the Bona Fide Sale Clause
Mortgage shoppers who focus only on securing a rock-bottom interest rate may do so at the expense of flexibility that can sometimes save...
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Tim Barnes
- Aug 26, 2021
- 3 min
Stressed About Your Mortgage? Here Are Some Tips to Manage it.
Given that a mortgage is the largest form of debt most people will take on in their lifetime, it’s not surprising that it can also be the...
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Tim Barnes
- Jul 20, 2021
- 2 min
Will High Inflation Prove to be Temporary? The Bank of Canada Thinks So.
Inflation in Canada is now expected to run a full percentage point above the Bank of Canada’s (BoC) target of 2% through the end of the...
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Tim Barnes
- Jul 5, 2021
- 3 min
How Parents Can Help Their Children Achieve Homeownership (Part 2)
In our previous post, we explored how rising home prices are leading more young homebuyers to turn to their parents for financial help to...
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Tim Barnes
- Jun 29, 2021
- 3 min
Rising Home Prices Forcing More Young Homebuyers to Rely on Mom and Dad (Part 1)
Home prices are up as much as 50% in just the past year, which is keeping countless young homebuyers from being able to enter the housing...
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Tim Barnes
- Jun 11, 2021
- 2 min
Bank of Canada Holds Rates, Warns of Elevated Inflation
The Bank of Canada left its key interest rate at 0.25% today, saying the economic recovery continues to require “extraordinary” monetary...
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Tim Barnes
- Jun 2, 2021
- 2 min
The Mortgage Stress Test Becomes Slightly Harder Today
If you’re looking to buy a home, you will now need to prove you can make payments based on a minimum rate of 5.25% starting today when...
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Tim Barnes
- May 11, 2021
- 2 min
Expanded First-Time Home Buyer Incentive is Now Live
Are you, or someone you know, a first-time homebuyer struggling to get into the housing market? If so, the First-Time Home Buyer...
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