Mortgage Blog

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If you're receiving CERB, here's what you need to know about your mortgage

If you're receiving CERB, here's what you need to know about your mortgage

May 21, 2020 | Posted by: Mike Garganis

If you are receiving the Canada Emergency Response Benefit (CERB), here are some things you might need to know if you're buying a new home, renewing or refinancing your mortgage or if you make ... [read more]

STEPS TO HOME OWNERSHIP (The Mortgage Process)

STEPS TO HOME OWNERSHIP (The Mortgage Process)

May 13, 2020 | Posted by: Mike Garganis

Ready to take the plunge and become a homeowner? Then it’s time to think about getting pre-approved for a mortgage. Financial concepts can be tricky.  We get so caught up in trying to u ... [read more]

Toronto home sales sink 67% in April as pandemic freezes activity

Toronto home sales sink 67% in April as pandemic freezes activity

May 6, 2020 | Posted by: Mike Garganis

Canada's largest housing market went into a deep freeze last month as COVID-19 pushed buyers and sellers to the sidelines. There were 2,975 property sales across the Greater Toronto Area in April, re ... [read more]

Financial Outlook with Scotiabank's Chief Economist

Financial Outlook with Scotiabank's Chief Economist

May 1, 2020 | Posted by: Mike Garganis

The following are highlights from a telephone conversation with Jean-Francois Perrault, Chief Economist Scotiabank and John Webster, President and CEO Scotia Mortgage Corporation. Firs ... [read more]

Resources for People and Business Impacted by COVID

Resources for People and Business Impacted by COVID

April 29, 2020 | Posted by: Mike Garganis

We are all living in unpredictable times brought about by the implications of COVID-19 and it has taken a financial toll on individuals, as well as businesses small and large. In order to help every ... [read more]

Your Mortgage Options in Today's Market

Your Mortgage Options in Today's Market

April 17, 2020 | Posted by: Mike Garganis

I am going to briefly summarize the different scenarios that exist to provide some guidance in assessing your individual circumstances. If you have a variable mortgage with a discount off of the Prim ... [read more]

SPRING HOME MAINTENANCE CHECKLIST

SPRING HOME MAINTENANCE CHECKLIST

April 1, 2020 | Posted by: Mike Garganis

Spring is just around the corner but before you can enjoy the sun and warm weather a bit of home maintenance is in order. Spring is the ideal time to schedule a thorough interior and exterior insp ... [read more]

6 Month Mortgage Deferral - What you should know

6 Month Mortgage Deferral - What you should know

March 25, 2020 | Posted by: Mike Garganis

We’ve all heard about the 6-month deferred mortgage payment option.  It was thrown out there by the government in an attempt to help property owners.  We now have some more info that ... [read more]

The Mortgage Stress Test - What's changing

The Mortgage Stress Test - What's changing

February 26, 2020 | Posted by: Mike Garganis

Wondering what the recent announcement by the Government of Canada regarding changes to the “stress test” actually means?  Here’s what you need to know.   The ... [read more]

Tips for First Time Homebuyers

Tips for First Time Homebuyers

February 19, 2020 | Posted by: Mike Garganis

The place we call home, whether it be a small high-rise condo or a large house on the edge of town, is one of the defining features of our lives.  What motivates first time home buyers to enter ... [read more]

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Mike Garganis
Mike Garganis
Mortgage Agent
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