Gilkinson Financial


The Mortgage Centre

Lic. #11952

Blogs


Stress Test coming January 1, 2018

Stress Test coming January 1, 2018

  What is a Stress Test?  The current stress test in the mortgage industry is to determine if are able to afford your mortgage if interest rates were to change.  Of course it is based ... [Read More]
December 18, 2017

Mortgage Renewal – Get the Facts!

Mortgage Renewal – Get the Facts!

I talked with a client recently who had received her mortgage renewal in the mail. Her initial plan was to sign it and send it back. For her, this was the easiest and simplest thing to do. However, instead ... [Read More]
November 17, 2017

How lenders are sidestepping Canada’s mortgage rules with ‘bundles’ of debt

How lenders are sidestepping Canada’s mortgage rules with ‘bundles’ of debt

TORONTO — Canada’s subprime mortgage providers are increasingly teaming up with unregulated rivals to sidestep rules designed to clamp down on risky lending. The result of these partnerships are ... [Read More]
January 12, 2017

New mortgage rules will ‘reduce the risk’ a housing crash poses to Canada’s economy

New mortgage rules will ‘reduce the risk’ a housing crash poses to Canada’s economy

OTTAWA - Canada's finance minister believes the housing market remains hot, but healthy. It just needs a little more regulatory care to keep it that way and not harm the economy in the process. For ... [Read More]
October 6, 2016

6 Questions to ask during an Open House

6 Questions to ask during an Open House

An open house is the real estate world's version of window shopping. It's an opportunity to sneak a peek at a neighbour's home, and a chance to size up a potential house or neighbourhood. But ... [Read More]
December 22, 2015

Rent vs. Buy

Rent vs. Buy

At some point in their lives, most Canadians have probably asked themselves whether it is better to buy or rent a home. And purchasing a home is one of the biggest decisions most people ever make. Ultimately, ... [Read More]
December 15, 2015