Happy Halloween - Safety Tips

Trick-or-Treaters
Carry a flashlight
Walk, don't run.
Stay on Sidewalks
Obey traffic signals
Stay in familiar neighborhoods
Don't cut across yards or driveways.
Wear a watch you can read in the dark.
Make sure costumes don't drag on the ground.
Shoes should fit (even if they don't go with your costume)
Avoid wearing masks while walking from house to house.
Carry only flexible knives, swords or other props.
(If no sidewalk) walk on the left side of the road facing traffic
Wear clothing with reflective markings or tape.
Approach only houses that are lit.
Stay away from and don't pet animals you don't know.


Parents
Make your child eat dinner before setting out.
Children should carry quarters so they can call home.
Ideally, young children of any age should be accompanied by an adult.
If your children go on their own, be sure they wear a watch, preferably one that can be read in the dark.
If you buy a costume, look for one made of flame-retardant material.
Older children should know where to reach you and when to be home.
You should know where they're going.
Although tampering is rare, tell children to bring the candy home to be inspected before consuming anything.
Look at the wrapping carefully and toss out anything that looks suspect.


Homeowners
Make sure your yard is clear of such things as ladders, hoses, dog leashes and flower pots that can trip the young ones.
Pets get frightened on Halloween. Put them up to protect them from cars or inadvertently bitting a trick-or-treater.
Battery powered jack o'lantern candles are preferable to a real flame.
If you do use candles, place the pumpkin well away from where trick-or-treaters will be walking or standing.
Make sure paper or cloth yard decorations won't be blown into a flaming candle.
Healthy food alternatives for trick-or-treaters include packages of low-fat crackers with cheese or peanut butter filling, single-serve boxes of cereal, packaged fruit rolls, mini boxes of raisins and single-serve packets of low-fat popcorn that can be microwaved later.
Non-food treats: plastic rings, pencils, stickers, erasers, coins.

Canadian Association of Accredited Mortgage Professionals (CAAMP)

Established in 1994, the Canadian Association of Accredited Mortgage Professionals (CAAMP), formerly the Canadian Institute of Mortgage Brokers and Lenders, is Canada’s national mortgage industry association. CAAMP has assumed a leadership role in the industry it serves and has set the standard for best practices for Canada’s mortgage practitioners. In 2004, CAAMP created the Accredited Mortgage Professional (AMP) designation as part of an ongoing commitment to increasing the level of professionalism in Canada’s mortgage industry.

As a membership-based organization, CAAMP strives to develop its network of professionals and to represent the interests of these individuals to government, media and consumers. CAAMP has attracted over 11,000 members and 1,100 companies from across Canada – representing over 90% of Canada’s mortgage activity. CAAMP members make up the largest and most respected network of mortgage professionals in the country. CAAMP's membership base consists of mortgage lenders, brokers, insurers and other industry participants.

CAAMP’s other primary role is that of consumer advocate. On an ongoing basis CAAMP aims to educate and inform the public about the mortgage industry. Through its extensive membership database, CAAMP provides consumers with access to a cross-country network of the industry’s most respected and ethical professionals.
In September/October 2007, Maritz Research conducted a 21-question telephone survey with 2,000 Canadian consumers. A sample of 2,000 Canadians ensures an accuracy of + 2.2%, 19 times out of 20.

A copy of the survey is available at www.caamp.org

I am a member of CAAMP and am working towards my AMP designation.

Financial crisis: How to deal

[Source - CanadianBusiness.com - Calvin Leung]

This is a great article from Mr. Leung which discusses and compares our current economic situation with historical economic situations and the ways they were handled in different countries. There is also some advice on what to do in these times including the following:

"Diane McCurdy, a Vancouver-based financial adviser and author of How Much is Enough, shares the sentiment that timing the markets is hard. She has recommended to her clients to stick to their investment plan, which includes maximizing an RRSP and putting the refund toward a mortgage. McCurdy also says dollar-cost-average investing can help you buy cheap now."

and

"Investors too scared to put money in the market might want to consider real estate. “The bad financial news on the TV is forcing people to hunker down and not buy homes, and you can get some pretty darn good deals,” says Don Campbell, author of Real Estate Investing in Canada. Resale house prices in 25 major markets fell an average of 6.2% in September. Campbell, however, cautions against trying to flip a property. Instead, he says, find a rental property whose monthly cash flow covers all expenses including mortgage payments, and look in cities whose population is growing and jobs increasing.Areas that he says look particularly attractive include Kitchener-Waterloo, Cambridge, Barrie and Orillia, in Ontario."


Read Complete Article Here

Toronto Real Estate Board Hosts Resale Housing Market Panel Discussion

TORONTO, ONTARIO--(Marketwire) - All media representatives are invited to see top executives from some of Canada's largest real estate companies gather at the Toronto Real Estate Board's 88th Annual General Meeting October 27th to discuss the state of the current resale housing market and the future of real estate.

Greater Toronto REALTORS® are passionate about their work. They adhere to a strict Code of Ethics and share a state-of-the-art Multiple Listing Service. Serving over 28,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canada's largest real estate board. Greater Toronto Area open house listings are now available on www.TorontoRealEstateBoard.com

We will post the highlights of this discussion when they are made available.

Don't lay global housing bubble on U.S. doorstep

With all the news we receive each day and night regarding the current global economic crisis, most of the blame is aimed at the US, its housing market and its sub prime mortgages. Neil Reynolds of the Globe and Mail has written an interesting article on why there is more blame to go around and specifically in Europe.

His findings are sourced from the International Monetary Funds research and publications. From the IMFs world economic outlook it appears Canada is not so bad off with respect to the house price gap nor inflated property values.

Read his article here:
http://www.theglobeandmail.com/servlet/story/LAC.20081024.RREYNOLDS24/TPStory/Business

If you are interested in reading the World Economic Outlook Report, published in October 2008 or the Global Financial Stability Report, published this month; visit International Monetary Funds Website here: http://www.imf.org/external/index.htm

Canadian Mortgage Trends interviews Gary Mauris of DLC

Canadian Mortgage Trends is one the best blogs on the Canadian mortgage industry online and I read it daily. Recently they interviewed the President of the company I work for - Dominion Lending Centres.

Dominion Lending Centres is one of the fastest growing mortgage brokerages in Canada. It opened its doors in January 2006 and flew under the radar for about 18 months before exploding onto the scene. Dominion is now on track to close a very respectable $7 billion in mortgage volume in 2008, and has its sights on the #1 broker volume ranking in 2009.

The interview yielded some rather interesting observations about Dominion Lending, as well as market-wide developments.

Some of the key points of the interview include: why customers should use mortgage agents versus the bank; why dealing with Dominion Lending Centres brokers and agents also has its advantages; using the Internet for mortgage services; and recent changes in the mortgage industry.

Read the whole interview here: http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2008/10/dominion-lending-a-chat-with-gary-mauris.html

Big 6 Banks drop prime rate following Bank of Canada

Variable rate mortgage holders will be happy as the major banks reduced prime rate to 4.00% after the Bank of Canada reduced the key lending rate by another 1/4 point yesteraday.

Other lender's who have reduced their prime rates to 4.00% include: Laurentian Bank, Street Capital, Caisse Centrale Desjardins, Dominion Lending White Label, ATB Financial, Merix Financial, and Scotia Express.

If you are interested in purchasing a home soon, or your current mortgage is coming up for renewal and you would like to speak to a professional regarding fixed vs. variable rates, please contact Greg Barrow at gbarrow@dominionlending.ca. You can also try calling 416 807 7123. I would be happy to answer any of your questions.

Bank of Canada lowers overnight rate target by 1/4 percentage point to 2 1/4 per cent

The Bank of Canada lowered its key lending rate 0.25% today. This was an expected cut by most people, although lower than expected.

From the Bank of Canada Statement issued today the cuts were a result of:

"Three major interrelated developments are having a profound impact on the Canadian economy. First, the intensification of the global financial crisis has led to severe strains in financial markets. The associated need for the global banking sector to continue to reduce leverage will restrain growth for some time. Second, the global economy appears to be heading into a mild recession, led by a U.S. economy already in recession. Third, there have been sharp declines in many commodity prices. The outlook for growth and inflation in Canada is now more uncertain than usual."

We are now waiting to see how much of the rate decrease will be passed on to consumers by the major banks.

The Bank of Canada's next scheduled date for announcing the overnight rate target is 9 December 2008.

Read the Bank of Canada Statement Here

Canadian Mortgage Industry Changes

Last week October 15th came and went and with it some very good changes to our mortgage industry. Specifically the end of 100% financing, and 40 year amortizations. The minimum beacon to qualify is now 620, and the TDS ratio is now at 45.

I have always felt it is better to put some money down when buying a home and now the minimum required is 5% down.

Traditionally mortgages were amortized for a maximum of 25 years. Over the past couple of years the options were increased to 30, 35 and even 40 years. This made it easier to qualify, however left little room for homeowners to make the adjustment to increased payments if the rates were to go up. The maximum amortization period for mortgages has been reduced from 40 years to 35 years.

The minimum credit score requirement is now 620. If you are close to that score either above or below and considering purchasing a new home soon there are a few things you can do to help keep your score above or bring your score above 620:
1) Do not have too many inquiries on your credit
2) Make all your payments on time
3) Keep your balances within their limits
4) If you do happen to have a collection, pay it off at once and fax your final release letter to Equifax and TransUnion.

If you do not know your score you can order it from Equifax online at Get Your Equifax Credit Report Now!

Under the new rules, the TDS is set at a maximum of 45 percent. TDS is the Total Debt Service Ratio which is your principle and interest payment plus property taxes and heat plus you debt payments divided by your income.


For more information on any of the recent changes please contact Gregory Barrow by phone at 416 807 7123 or by email at gbarrow@dominionlending.ca

The local market still looks sound

Many people are wondering whether the housing crisis in the U.S will be the same here in Canada, and specifically Ontario. There are many reasons why it will not, and that is good news. There was a great article in Friday's Globe in Mail that puts into perspective and spoke about the key indicators to consider.

The local market still looks sound
[Source - DEREK RAYMAKER, From Friday's Globe and Mail October 17, 2008]

There's an old saying that goes: when the water-hole dries up, that's when all the animals start to look at each other funny.

The last two weeks have seen a spectacular crash of global equity markets and a virtual paralysis in capital flow. The headlines are frightening, but digging behind them even slightly is enough to make your blood run cold.

This is especially true if you are close to retirement and have just watched your investments go for a swan dive off the tallest peak of Bay Street, ripping one-third or more of their value on the way down. But the scariest part of a good old-fashioned economic meltdown is waiting for the other shoe to drop. That's when the terror sets in — not having a clue what comes next.

As last week's stock market collapse showed, psychology can drive events to a crisis point as much as real economic happenings such as job losses, trade slowdowns, property foreclosures and bank failures. So how do home buyers and sellers keep their heads on straight in these troubled times?

Read entire article here

Title Insurance: Fraud can turn dream home purchases into disaster

Whether purchasing your first home or refinancing your existing home you should always, always have Title Insurance. Title insurance offers peace of mind and protects your investment. Although it is not required, most lawyers, real estate and mortgage professionals will highly recomend purchasing it. The decision on whether or not you should purchase title insurance should be discussed with your lawyer.

For detailed information on the benefits of Title Insurance, you can download FSCO Title Insurance Brochure here.

Here is a recent article on Title Insurance from The Canadian Press
[By Eric Shackleton, THE CANADIAN PRESS - 2008-10-16]

Fraud can turn dream home purchases into disaster

TORONTO - The purchase of a dream home is probably the greatest investment in many people's lives, but beware - even with such a major purchase, fraud could be lurking just around the corner, say experts in the real estate industry.

This joy killer comes in many forms - lawyer negligence, title defects, title liens such as unpaid utility bills, property encroachments, title fraud such as forged documents and land survey errors.

"Nobody is protected from fraud," says Ray Leclair, vice-president of TitlePLUS, a division of LawPRO, the liability insurer for lawyers.

"Unfortunately, fraud is on the increase," not just in urban areas but even in small communities, he said in a recent interview.

"It's like a lottery. There's very little chance of it happening to you. But if it does happen, it has a huge impact."

To help protect themselves, prospective homeowners should make sure they have title insurance and also get their own credit report.

People can gain a lot of "peace of mind" for as little as a premium of $200 for title insurance, said Leclair.

Read entire article here

Title Insurance Companies:
First Canadian Title
TitlePlus
Stewart Title Guaranty Company

Mortgage borrowers pushed to lock in

[Source - Garry Marr, Financial Post Published: Wednesday, October 15, 2008]

Canadian banks are trying to convince consumers to lock in their mortgage rates because more than 20% of the home loans they have negotiated have become unprofitable, according to industry sources.

[Source-Andrew Barr, National Post]

The push has come after the banks cut the discount they offered to consumers with variable-rate products tied to the prime lending rate. Two weeks ago a consumer could get a variable rate product at 0.60 percentage points below prime; today it is one percentage point above prime.

"Banks are scaring people and those people are calling us asking whether they should lock in," said Vince Gaetano, a vice-president with Monster Mortgage, a mortgage brokerage firm.

His advice is pretty emphatic. Anybody with a mortgage negotiated in the past two years would be out of their mind to lock in to, say, a five-year term, he said. They would be going from a rate as low as 3.35% to 5.79%. Lines of credit previously negotiated at a rate below prime are also still valid.

Read More: http://www.financialpost.com/story.html?id=880446

BMO, RBC, CIBC, Scotia all Reduce Prime Rates

All the remaining major banks including: Royal Bank, CIBC, Scotiabank and Bank of Montreal announced on Friday a decrease of one quarter of one per cent in its Canadian dollar prime lending rate. The new rate is 4.25 per cent, effective Tuesday, October 14, 2008.

"We are pleased to offer this reduction in interest rates to ourcustomers, which we believe will reinforce confidence in the Canadian economy," said Chris Hodgson, Executive Vice-President and Head of Domestic Personal Banking (Scotiabank). "At a challenging time in world financial markets, this reduction in interest rates reflects actions initiated by the Bank of Canada and the federal government."

TD Canada Trust lowers prime lending rate

[Source - CNW Group]

TORONTO, Oct. 10 /CNW/ - TD Canada Trust today announced that it haslowered its prime lending rate by 15 basis points to 4.35 per cent, effective,Tuesday, October 14, 2008. This morning the government announced that it will buy $25-billion ininsured mortgage pools to address Canadian banks' increased cost of borrowing. "We believe that this initiative will be put into effect in a way thatwill reduce our overall cost of funds and, as a result we are dropping ourrate today. As we've been saying, a number of factors go into decisions aboutrate changes. Financial markets are very turbulent, and funding costs arestill high. However, we anticipate that our cost of funds will decrease withthe implementation of this program, and therefore wanted to take action thatwill benefit our customers directly," said Tim Hockey, President and CEO, TDCanada Trust.

Mortgage rates, car loans hit by credit crunch

[Source - By Philip Demont, CBC News]

As the global financial crisis continues, many companies and consumer face an apparent economic paradox.

While central banks in many industrialized countries chop short-term interest rates to boost economic growth, what it costs to borrow money to buy a house or a car will likely rise in the coming months.

On Wednesday, five central banks — the U.S. Federal Reserve Board, the Bank of Canada, the Bank of England, the European Central Bank and Sweden's Riksbank — all cut their near-term borrowing rates by half of a percentage point.

Car loan rates likely to rise as cost of cash jumps (David Zalubowski/Associated Press)

That followed Tuesday's breathtaking reduction of one full percentage point by the Reserve Bank of Australia.

The government banks are trying to reduce borrowing costs for other financial institutions and repair the increasingly illiquid capital markets around the globe.

"Interbank lending is essentially frozen," federal Finance Minister Jim Flaherty said Thursday in Ottawa.

Canada's central bank rate has set its target for overnight lending at 2.5 per cent while the U.S. Federal Reserve's fed funds rate now is pegged at 1.5 per cent.

At almost the same time, however, the TD Bank hiked what it charges on variable-rate mortgages, a move many analysts expect to be mimicked by other banks.

Read the whole story here: http://www.cbc.ca/money/story/2008/10/08/f-interestrates.html

Mortgages, capital and that darn TED spread

[Source - ReportonBusiness.com]

The Report on Business takes questions on the financial crisis.

Who owns Canada Mortgage and Housing Corp. and can it go under?

CMHC was set up by the federal government just after the Second World War to help deal with a housing shortage exacerbated by the huge number of soldiers returning home. It helped finance home construction and provided funds for low-income housing. In the 1950s, when banks got into mortgage lending, CMHC started insuring "high-ratio" mortgages where home buyers initially made only a small down payment. This summer CMHC stopped insuring mortgages with zero down payment or 40 year amortizations.

CMHC also subsidizes aboriginal housing, provides loans and grants for certain kinds of renovations, and gathers statistics on the housing market. It also buys mortgages from financial institutions, and repackages them as mortgage-backed securities, which it sells to investors.

Because CMHC is a Crown corporation - unlike Fannie Mae and Freddie Mac which were private companies - it is backed by Ottawa and could not really "go under."

Read the whole story here: http://www.theglobeandmail.com/servlet/story/LAC.20081010.RBANKSEXPLAINER10/TPStory/Business

Flaherty unveils $25-billion mortgage plan

[Source - Paul Vieira and Jamie Sturgeon, Financial Post]

The federal government said Friday it would inject up to another $25-billion of liquidity into the financial system through the purchase of insured mortgage pools.

In a speech delivered in Ottawa, Jim Flaherty, the Minister of Finance, said the move is aimed at maintaining the availability of long-term credit, which is under severe strain at present as banks are unwilling to lend to each other.

"It is becoming increasingly clear that the continuing disruption of global credit markets, which has been severe and protracted, is making it difficult for our financial institutions to raise long-term funding. This is beginning to affect the availability of mortgage loans and other types of credit in Canada," Mr. Flaherty said.

Read the whole story here: http://www.nationalpost.com/news/canada/story.html?id=873182

Canada banks go for smaller cuts to prime rates

[Source - Reuters - By Lynne Olver]

Canadian banks will pass along only part of a central bank rate cut to borrowers, with Toronto-Dominion Bank (TD.TO: Quote, Profile, Research, Stock Buzz) being the first to announce on Wednesday it will lower its prime lending rate by 25 basis points to 4.50 percent.

That is only half of the 50 point cut in administered rates made by the Bank of Canada earlier on Wednesday, when it acted with other central banks to lower key lending rates in an attempt to shore up investor confidence and ease the effects of the global credit crunch.

The Bank of Canada dropped its overnight rate target to 2.5 percent.

Canadian Imperial Bank of Commerce (CM.TO: Quote, Profile, Research, Stock Buzz), Royal Bank of Canada (RY.TO: Quote, Profile, Research, Stock Buzz) and Bank of Nova Scotia (BNS.TO: Quote, Profile, Research, Stock Buzz) said they would make the same reductions as Toronto-Dominion, bringing their prime rates to 4.50 percent from 4.75 percent, effective Thursday. Other banks were likely to follow suit, based on past patterns.

The prime rate influences borrowing rates on other consumer and business loans.

"There's certainly no rule that states that they have to cut their rates in lockstep with the Bank of Canada," said Steve Foerster, a finance professor at the University of Western Ontario's Ivey School of Business.

Click Here to Read More on Reuters.com

Central Banks Announce Coordinated Interest Rate Reductions

Throughout the current financial crisis, central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the provision of liquidity to reduce strains in financial markets.

Inflationary pressures have started to moderate in a number of countries, partly reflecting a marked decline in energy and other commodity prices. Inflation expectations are diminishing and remain anchored to price stability. The recent intensification of the financial crisis has augmented the downside risks to growth and thus has diminished further the upside risks to price stability.

Some easing of global monetary conditions is therefore warranted. Accordingly, the Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, Sveriges Riksbank and the Swiss National Bank are today announcing reductions in policy interest rates. The Bank of Japan expresses its strong support of these policy actions.

Bank of Canada lowers overnight rate target by 1/2 percentage point to 2 1/2 per cent

The Bank of Canada today announced that it is lowering its target for the overnight rate by 1/2 percentage point to 2 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 3/4 per cent.

Click here to read more from Bank of Canada Website

TD to raise rates on mortgages, home equity loans

The latest victims of the growing financial crisis could be the standard discount available to consumers on variable mortgages, and home equity loans at prime.

In a move expected to be followed by other banks, all of which have been stung by higher funding costs, TD Canada Trust is raising rates on both types of loans, effective Oct. 7.

Rates on these products will rise to 5.75 per cent, a percentage point above the prime rate. Only last week, TD eliminated the discount on its variable rate mortgages, offering them at the prime rate of 4.75 per cent. During the housing boom of the past several years, consumers could often get their bank to drop the rate by half or even up to a full percentage point.

“While TD Canada Trust has endeavoured to not pass on the increases in rates to its consumers, this change reflects steadily increasing costs of funds in the current economic environment,” the bank said in a statement.

The percentage point increase raises the term interest cost on a $250,000 variable rate mortgage by $12,247.22 over five years, according to Royal Bank of Canada's online mortgage calculator. The difference is based on a 25-year amortization, a variable rate mortgage with a five-year term and bi-weekly payments. On that basis, the bi-weekly payment amount rises to $725.90 from $657.83.

The credit crisis and economic uncertainty have caused banks to stockpile their cash. That's driving up their short-term cost of borrowing from one another, and means margins on variable rate mortgage products are shrinking.

Rates on fixed-term mortgages went up last week too, as banks have passed on fewer of their savings from falling bond yields to consumers to consumers.

“The deterioration of global credit markets is beginning to squeeze the ability of even the strongest of financial institutions to raise longer-term funds, which could limit the provision of longer-term credit in Canada to businesses and households,” federal Finance Minister Jim Flaherty said in a statement Monday.

“Hopefully this isn't a permanent shift, but a short-term reaction to conditions the likes of which we really haven't seen before,” said Gary Siegle, regional manager at mortgage broker Invis.
With a discount, some customers can still get five-year, fixed-rate mortgages at 5.55 per cent, meaning a bi-weekly payment of $707.66 on a $250,000 mortgage amortized over 25 years. This means those looking for peace of mind in the current market turmoil aren't paying a premium to lock in, Mr. Siegle said.

[Source - LORI MCLEOD // Globe and Mail Update // October 6, 2008 at 8:46 PM EDT]

What's the best strategy as mortgage rates rise?

Source ROB CARRICK - Globe and Mail Update
September 30, 2008 at 6:19 PM EDT

The credit crunch has hit home with yet another move by the big banks to jack up the cost of mortgages.

Mortgage brokers report that the big banks and other lenders have stopped offering variable-rate mortgages with a discount off the prime rate.

It was common in the first half of 2007 to get a variable-rate mortgage at prime minus a full percentage point, said Jim Tourloukis of Advent Mortgages in Markham, Ont. Since then, the discount had gradually fallen to 0.4 of a percentage point as of last week.

“As of yesterday, virtually everybody was offering variable-rate mortgages at prime,” Mr. Tourloukis said. “In other words, no more discounting.”

Forced to pay more to raise the money they lend out to customers, the banks have set fixed mortgage rates far higher than they would be under normal circumstances. Now, variable-rate mortgages have been affected as well. What's the right strategy for borrowers?

Your choices: a variable-rate mortgage at 4.75 per cent, which is the current prime rate at all major lenders, or a discounted five-year mortgage at rates in the low 5-per-cent range.

The lower variable rate means you'll save money in the near term, but it also opens you up to the risk that rising interest rates will boost your borrowing costs somewhere down the line.

“If I'm the average Joe, I would be taking the five-year rate right now because I don't know what's going on out there and I don't want to risk my house,” Mr. Tourloukis said. “I don't think rates are going to go up, but I don't want to worry about it.”

Mr. Tourloukis said about 90 per cent of his clients were going with variable-rate mortgages prior to this week, and he expects the same big majority to swing over to fixed-rate mortgages going forward.

The problem with fixed-rate mortgages – almost everyone picks the five-year term – is that you'll have to work hard to get a good deal. Posted five-year rates at major lenders are around 7.2 per cent, and some banks are posting “special” discounted rates of 6.14 per cent on their websites.

However, Mr. Tourloukis said he was able to get five-year mortgages as low as 4.99 per cent. Alternative banks and credit unions have been offering rates as low as 4.99 to 5.45 per cent.
Brian Matthey, a mortgage broker in Kingston, Ont., said five-year mortgages would be going for about 4.35 per cent today under normal circumstances in financial markets. He stressed the importance of shopping around for a mortgage right now and not settling for whatever discount your bank is willing to dole out.

“The banks are going to freewheel as they need to in terms of what they offer their clients,” Mr. Matthey said.

If you have any questions regarding this article or on variable or fixed rates, please call Greg Barrow, DLC Perfect Mortgages at 416 807 7123 or email gbarrow@dominionlending.ca