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First Time Home Buyer Incentive Program

First Time Home Buyer Incentive Program

June 28, 2019 | Posted by: Mike Garganis

The First-Time Home Buyer Incentive helps qualified first time home buyers reduce their monthly mortgage carrying costs without adding to their financial burdens. You need to have the minimum down pa ... [read more]

Bait and Switch Mortgage Strategy

Bait and Switch Mortgage Strategy

June 10, 2019 | Posted by: Mike Garganis

When buying a home, you can encounter dangers at every corner: from thieves posing as lenders or lawyers, who usually prey on the elderly, to the old bait and switch.   Bait and switc ... [read more]

Finance Your New Construction Home at Prime Minus 0.80%!

Finance Your New Construction Home at Prime Minus 0.80%!

May 16, 2019 | Posted by: Mike Garganis

Before I get into the topic of new home financing, I want to share some positive news! The Ontario housing market is definitely alive and well! I’m seeing new properties come to market and disap ... [read more]

Looking out for Retirees

Looking out for Retirees

April 3, 2019 | Posted by: Mike Garganis

Parents and Grandparents have worked hard to turn their house into a home – it’s where they’ve built memories, and where they deserve to stay.  After working for 40 plus years ... [read more]

Why is the media pushing Millennials to rent?

Why is the media pushing Millennials to rent?

April 2, 2019 | Posted by: Mike Garganis

Something strange has been going on over the past decade. We’re often being told – and, in many cases, convinced – that it’s better to rent than to own. I firmly believe every ... [read more]

Mortgage Rates have Dropped and Will Fall Further

Mortgage Rates have Dropped and Will Fall Further

March 21, 2019 | Posted by: Mike Garganis

WHY ARE RATES FALLING?  In 2017, the Bank of Canada started raising the prime rate. Rates were raised five times over a 15-month period from July 2017 to October 2018. That’s a 1.25% incre ... [read more]

Canadians are overpaying by staying with their bank

Canadians are overpaying by staying with their bank

March 13, 2019 | Posted by: Mike Garganis

RBC. TD. BMO. Scotiabank. CIBC. National Bank of Canada. The Big Six.Whenever one of these major Canadian banks tweak their mortgage rates, it makes headlines. Like last month, when RBC dropped ... [read more]

How homebuyers can reduce impact of rising rates

How homebuyers can reduce impact of rising rates

February 21, 2019 | Posted by: Mike Garganis

Last April, Dan and Sue (real clients of mine, names are different to protect their identity) bought a condo for $238,000, still under construction in Barrie, Ont. They expect to move in by ... [read more]

Starter Home + Time = Rental Property

Starter Home + Time = Rental Property

February 8, 2019 | Posted by: Mike Garganis

Like most of us who get married, we start a new chapter in our lives with a bit of financial uncertainty.  Student loans, car loans, credit cards, and a wedding that some relatives you wish you n ... [read more]

In the market for a car, understand Negative Equity

In the market for a car, understand Negative Equity

February 5, 2019 | Posted by: Mike Garganis

For most, its the second largest purchase and I feel this article is important when discussing finances. Vehicles that would have been completely unaffordable two decades ago are now financially acce ... [read more]

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Mike Garganis
Mike Garganis
Mortgage Agent
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