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Latest News & Blogs

Bank of Canada Raises Interest Rate, More to Come

Posted by Sherwood Mortgage Group on 31 October 2018
Bank of Canada Raises Interest Rate, More to Come
The Bank of Canada has raised the benchmark interest rate once again, up to its highest level since 2008, at 1.75%. Reflecting the growing strength of the economy, this hike will affect all borrowing rates from personal loans to mortgages. However, according to CBC's Pete Evans, there will likely be more incremental rises to come as the BoC tries to push rates back to pre-recession levels. To learn more, read the full article on cbc.ca. ...
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Home Staging in the Fall

Posted by Sherwood Mortgage Group on 30 October 2018
Home Staging in the Fall

November is your last chance to sell your house before winter, so you need to take every advantage to sell before the first snow lands and makes your task much harder.

Luckily, fall is a great opportunity to bring out your home's coziness with the smells of cocoa and baking, as well as a well-tended garden. Learn more at courant.com.

Posted in: News  

Mortgage Association Decries Stress Test

Posted by Sherwood Mortgage Group on 29 October 2018
Mortgage Association Decries Stress Test
Have new mortgage measures made it harder on millennials and immigrants to afford homes? According to the Mortgage Professionals of Canada, the mortgage stress test has reduced home sales in hot markets, but has also made it harder for lower income Canadians to qualify for mortgage financing. The test requires people taking out an uninsured mortgage to prove they could still make monthly payments if rates rose by two per cent, which is a big ask for young workers, single-parent households...
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Renovating Your Kitchen for Less

Posted by Sherwood Mortgage Group on 26 October 2018
Renovating Your Kitchen for Less

Your kitchen is one of the key selling points of your home, and renovations before going to market are key. However, doing a full reno is costly and might not fully return your investment when you sell.

From simple cabinet painting to upgrading sinks and faucets, visit thechronicleherald.ca to learn how to get the most value out of a simple kitchen reno.

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Is Your Real Estate Agent Trustworthy?

Posted by Sherwood Mortgage Group on 25 October 2018
Is Your Real Estate Agent Trustworthy?

When selling your home, you need to make sure you're working with a licensed, registered real estate agent or broker.

Learn how you can verify a real estate professional's credentials from Real Estate Council of Ontario registrar Joe Richer at thestar.com.

Posted in: News