Kofsky Mortgage

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Mortgage Rates and Changes

Happy New Year! What’s going on in mortgages and rates… There is some news floating around at the end of last year (2021) and the start of the new year (2022) that mortgage rates are …

Home Real Estate Prices Are Skyrocketing!

Today, we are in one of the hottest housing markets in recent memory. Home prices are rising steadily and BC home buyers can expect this to continue. Not even Covid-19 could slow home prices down, …

Are Interest Rates Soon On The Rise??

Last year the Canadian economy recorded its largest-ever annual GDP drop of 5.1%, but it is now also on track to post a comeback in Q4, which could force the Bank of Canada to rein …

Generate Higher ROI To Pay Off Your Mortgage

In Vancouver BC, it always appears that the real estate market is going up. Everyone is trying to get a piece of the action and get involved. Investing in real estate is a great way …

Strategies To Consider When Purchasing Your Home

All the signs are pointing that we are in a heating up housing market. Buyers are coming and are looking at homes. Last month’s Canadian Real Estate Report shows over a 60% increase in sales …

Fixed-Rate VS Variable-Rate Mortgages

There are two common mortgages in Canada. Fixed-Rate Mortgage Variable-Rate Mortgage Fixed-rate Mortgage A fixed-rate mortgage is simple. A bank quotes you an annual percentage rate and term. As an example, you are quoted 2.5% …

CMHC And What Is Going On With Mortgages

Big earth-shattering news just came out a few days ago when the CMHC, which are the insurers for mortgages, made a big change to the home buying landscape. Effective July 1st CMHC is reducing its …

New Qualifying Rate For Borrowers

What’s going on? What does this mean? How can this help you? Big News! On Monday, The Bank of Canada is set to reduce its qualifying rate ten basis points, from 5.04% to 4.94%. This …

More About Deferred Mortgage Payment Programs

COVID-19 has been a very interesting time for most British Columbians. One of the biggest impacts has come from the economy, unemployment, and homeownership. The government thankfully has come to the table with quite a …

Over the past few days, there has been a lot of questions around the relief from insurers and lenders. At this point it is still fairly grey in what has come forward however I have …

COVID 19: How does this affect my mortgage?

I like all Canadians across the country am expressing concern for those directly impacted by COVID-19. I myself have a few friends that are experiencing full isolation and some financial hardship. The good news is …

I just wanted to take a sec and share a little bit of information as you are getting ready on your homebuyer’s journey. I get asked all the time what are some great ways to …

This is a great question and I get asked it all the time. Saving for your own down payment to buy a home can seem overwhelming. First-time homebuyers and even those who’ve gone through the process before …

Is It A Good Idea To Use A Mortgage Broker??

A: Yes! Your mortgage is a big decision and often the largest loan of your life up to this point and as such you will want what is best for you and your lifestyle. A …

Want to save money? Here are 6 tips that can help you save some money. Whether you are renewing your mortgage or just about to leap into home ownership, you must make sure you find …