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Author Archives: tracyirwin
Save The Date: Running For Rachael 2024
12 Years of Building Hope! Sunday, September 29… that’s the day we’ll be Running For Rachael. You’re invited to join us in advancing the work of suicide prevention in Hamilton. This 5K Walk/Run starts at CF Lime Ridge, Hamilton. Last … Continue reading
How Reliable Are Forecasts (Weather or Interest Rate)?
Is it just me – or have you noticed the unpredictable weather and inaccurate weather forecasts lately? Are we supposed to wear shorts or winter boots? Forecasters can’t seem to get it right. Predictions for huge snow events don’t materialize … Continue reading
Posted in First Time Home Buyer, General, Mortgage Rates, Mortgage Strategies
Tagged forecast, mortgage, mortgage broker, Tracy Irwin
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What in the World is the New Canadian Mortgage Charter?
Last November, federal Deputy Prime Minister and Finance Minister Chrystia Freeland tabled the federal government’s Fall Economic Statement 2023 (the FES). The new Canadian Mortgage Charter (CMC) was part of that, and according to Freeland, it’s “one of the most … Continue reading
The First Step Towards Home Ownership Is An FHSA
Earlier this year the First Home Savings Account (FHSA) was introduced by the Government of Canada. It was designed to help Canadians save for their first home tax-free (with limits, of course). With tax advantages, contribution flexibility, and the freedom … Continue reading
Running For Rachael 2023 Was a Runaway Run!
We couldn’t have done it without you! This year’s Running For Rachael event on September 24 attracted 310 people, including 85 high school students and 50+ volunteers! We raised an amazing $40,862.44 despite these challenging economic times, and we proudly … Continue reading
Posted in General, Running for Rachael
Tagged Running for Rachael, suicide prevention
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There’s Still Time: Running For Rachael – September 24
What are you doing this weekend? We’ll be Running For Rachael. This event is considered a beacon of hope that shows everyone that there’s a strong community here that supports mental health and healing. Who’s Rachael? Sponsored by CF Lime … Continue reading
Today’s Daunting Duo
The combination of high interest rates AND the mortgage stress test can make it challenging to qualify for mortgage financing. What Is the Mortgage Stress Test? The Canadian Government designed the mortgage stress test to protect borrowers in case interest … Continue reading
Running For Rachael 2023
Save the Date! Running For Rachael 2023 is our annual 5K walk/run supporting suicide prevention programs in Hamilton. Sunday, September 24, 2023 CF Lime Ridge, Hamilton Registration is at 8:00 am Running for Rachael plays a vital role in supporting … Continue reading
Posted in General, Running for Rachael
Tagged CF Lime Ridge Hamilton, Running for Rachael, suicide prevention
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Are You Waiting For Mortgage Rates to Go Down?
Last Wednesday’s announcement of a 25 basis point rate hike was disappointing. We’re all looking forward to lower mortgage rates in the future. The question isn’t IF rates will decrease – it’s WHEN. Some savvy soothsayers (a person who predicts … Continue reading
How Your Credit Card Debt Affects Borrowing Costs
No surprise… consumer debt – including credit card debt, interest rates, and borrowing costs are at record-high levels in Canada. What may be a surprise though, is the affect your credit report and credit score can have on your borrowing … Continue reading
Posted in General, Mortgage Strategies
Tagged borrowing costs, consumer debt, credit report Canada, Equifax, mortgage financing, TransUnion
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