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Lori MacDonald || April 07, 2020

I hope my note this month finds you and your family safe

The world certainly has changed in many unimaginable ways over the past few weeks. COVID-19 has changed how we interact, closed our schools, and our non-essential businesses. Many people are working...

Lori MacDonald || April 02, 2020

10 Key Points about Mortgage Deferrals

They are discretionary.Lenders maintain the legal right to timely repayment of their mortgages. Mortgage payment deferral programs are offered at their sole discretion. 2.No lender is going to...

Lori MacDonald || March 18, 2020

Government, Monetary Policy and Fiscal Policy Reactions to COVID-19

By Mark Kerzner, President TMG The Mortgage GroupThere was a second emergency reduction in the Overnight rate of 50 basis points on Friday, March 13 – to ensure market liquidity, and in response to...

Lori MacDonald || March 13, 2020

Breaking News

The Bank of Canada (BoC) has announced another 50bps reduction in interest rates today in an emergency meeting. The rate has dropped to .75%. The BoC said they are prepared to cuts rates further. We...