Bob Pinkney, Oriana Financial Group of Canada
270 Simcoe Street North L1G4T5 Oshawa, ON, Canada

If you're feeling strapped for cash flow it might be time to consider using the equity in your home. Contact me to discuss.

The COVID-19 pandemic didn’t devastate Canada’s hottest housing markets the way some forecasters predicted. In fact, in cities like Toronto and Vancouver, fierce competition for detached houses meant back-to-back months of record-breaking prices. Click the attached article to read more of what the experts have to say about Canadian real estate in 2021.

The question on the minds of brokers and borrowers alike is, will fixed mortgage rates soon follow these increases? Contact me to discuss.

There was no federal budget in 2020 due to the pandemic, so the upcoming budget will be the first in two years. As home prices continue to rise, there may be tax incentives that could benefit renters, investors and seniors without further contributing to higher prices.

Canadian bond yields hit their highest level since April in recent days, and a number of lenders have responded by starting to raise some of their mortgage rates. If you’re mortgage is up for renewal, or you’re considering refinancing, lock in a low rate before they’re gone!

The federal government officially backtracked on its previous position when it announced that self-employed individuals who applied for CERB and would have qualified based on their gross income but not their net income will not be required to repay the benefit, provided they also met the other eligibility requirements.

Are you looking to renovate your home? I can help! Contact me for more information.

Mortgage rates are cheaper than ever right now, so if you’re in the market for a new home your timing couldn’t be better. And if you’re already a homeowner, refinancing into one of today’s bargain rates could shave hundreds of dollars off your monthly bill. Contact me to go over your options!

Considering buying a townhome? Here are some things you should consider. Contact me to discuss.

Homeowners are adding 2nd floors to their post-war bungalows. Are you considering making some renovations? Contact me to discuss.

Historically low interest rates, a limited amount of housing supply and a COVID-19-driven desire for more space are just a few of the factors driving the housing market. It’s not too late to get to make your home ownership dreams happen! Contact me to discuss your options!

We all make mistakes. And this time of year (tax season), people often commit blunders with their registered retirement savings plans. Here is a look at some of the things to watch for.

Some Canadians who received emergency benefits may find they owe tax for 2020, depending on their overall income.

The government introduced a number of measures in 2020 to assist individuals who have been affected by COVID-19. Here are some year-end considerations to take into mind if you’ve received any of these benefits this year.

As we await the US election results, this is an interesting read that examines which candidate may be better for Canada by breaking down a few issues that matter to this country.

Many Canadians will not recover from Covid financially. Everyone regardless of financial status deserves a financial plan and that working with a professional isn't only for the wealthy. Here are three key benefits of financial planning.

With mortgage rates at all-time lows, refinancing now could save you thousands. This truly is a chance to trade in your current mortgage for a better one. Contact me to discuss!

Thinking of selling your home? Contact me to discuss your current mortgage. It could save you thousands.

Buy a house now, or wait to build a bigger down payment? Contact me before making this major life decision!

The lowest rate isnt always the best product. Contact me to find out what is the best fit for you!

Here are the three biggest items that come up quite frequently as unexpected costs: property tax adjustments; mortgage interest adjustments; and PST on mortgage-default insurance.

Properly caring for seasonal items ensures a longer lifespan, which saves you money in the long run.

Its not too late to check everything off your summer bucket list.

Mortgage experts say the Bank of Canada will reduce the benchmark qualifying ratea.k.a., stress test ratefrom 4.94% to 4.79% this week.

In the planning world major life events are seen as a time to create or update a financial plan. Covid has many adjusting goals, values and plans based on what we are experiencing today.

While the pandemic has put the financial plans of Canadians to the test, it has also been the kind of crisis that reminds us why we make such plans to begin with.

Observers say that implies the Bank has no plans to start raising rates until at least 2023.

Here are a few simple tips on brushing up your knowledge about mortgage rates. Contact me to find out more about the mortgage product and rate that is best for you!

While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory, with certain 1- to 5-year fixed rates now available for under 2.00% from discount brokers. Give me a call to find out what great rates and products are available to you!

Home offices have been sprouting up and the responsibility of the office employee to create a home work environment has resulted in a new tax-saving opportunity they have not qualified for in the past.

Companies are rethinking their office footprints and warehouse needs.

Homebuyers excluded by these changes should look around for a lender that also works with Genworth or Canada Guaranty, the countrys two private-sector providers of mortgage default insurance. Those companies have decided not to tighten their restrictions.

From hair salons to gyms, experts rank 36 activities by coronavirus risk level.

Now may be a good time to refinance your home or apply for a new mortgage. Mortgage rates are approaching all-time lows. It took a while but lenders are adjusting to the new normal during the pandemic. Give me a call to discuss your options!

Canada Mortgage & Housing Corp., which offers default insurance to home buyers with low down payments, said it will narrow eligibility criteria as of July 1. Buyers will need higher credit scores and lower debt burdens to qualify.

Potential buyers should consider several factors before they enter the market, including job stability and whether your family is expanding or contracting.

Before making a final decision talk to a financial advisor; using credit rather than RRSP funds isnt a simple decision and there are always exceptions and other variables to consider.

Buyers and sellers in the Toronto-area real estate market are starting to loosen up in May after lockdown measures surrounding the coronavirus pandemic brought sales to a standstill in March and April.

Despite multiple headwinds and the continuous ravages of COVID-19, Canadian market activity and purchasing power will be able to recover quickly after the outbreak eases, according to outgoing Bank of Canada Governor Stephen Poloz.

Some good news: effective May 25, itll be slightly easier to qualify for a mortgage. The qualifying rate that is used in stress tests for both insured and uninsured mortgages has gone down to under 5% for the first time since January 2018. A lower rate means its easier for borrowers to qualify.

Hoping #COVID19 will soften the #realestate market for you? Six experts weigh-in on post-pandemic conditions. Will they be first-time-buyer friendly? Heres what they had to say.

The third phase of CERB is about to start: Heres what you need to know.

Canada Mortgage and Housing Corp. officials said Tuesday they expect real estate prices wont return to pre-recession levels until late 2022 at the earliest.

The economy of the post-vaccine era will be a different economy. The cumulative damage suggests that when we recover, potentially at one point in 2021, we will be recovering into recessionary conditions.

How to buy and sell a house in the time of coronavirus, from virtual tours to hazmat home inspections.

Fixed mortgage rates are creeping lower this week, as the funding markets that banks and other mortgage lenders use to raise money for loans have begun to normalize after weeks of outsized volatility.

Worried about your credit score? Contact me to find out how your credit might be impacted during these difficult times.

If conditions improve quickly, the economic shock is likely to be "abrupt and deep but relatively short-lived" and followed by a strong rebound for most, but not all, sectors of the economy.

Easter was the beginning of hope for all. That hope continues to today and into the future. During this difficult time, I wish you an Easter holiday filled with plenty of family, friends, love, and laughter, but virtually of course. May you feel the hope of new beginnings, love and happiness during this joyful Easter holiday. Stay safe! Where flowers bloom, so does hope.

Some possible good news to look forward to!

Bank of Nova Scotia announced late Friday that, effective April 1, it would reduce credit card interest rates for personal and small business customers to 10.99 per cent if those clients are facing COVID-19-related financial troubles and are getting their minimum payments deferred.

The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak.