https://www.mortgagebrokernews.ca/news/broker-networks/borrowers-finally-coming-out-of-woodwork-237002.aspx According to Mortgageoutlet.ca Principal Broker Shawn Stillman, buyers were kicking tires until last week when all of a sudden the dam burst. “I’ve had seven purchase agreements over the past two days, but it is mostly small stuff under $1mln,” he said. “First-time buyers are also buying condos and townhouses in the GTA. […]

Lately, I’ve been getting panic calls from real estate buyers (or their Realtors) to inform me that their bank was not honouring their mortgage pre-approval.  Pre-approvals have been failing more and more frequently.  Obviously, this creates tremendous stress for the buyer and Realtor, and this situation is becoming more and more common. Why is this […]