The Benefits of Using a Mortgage Broker
VANCOUVER -
There is a lot to think about when preparing for a home purchase.
Many people seek out the help of a realtor to guide them along the home buying process, but that's not the only professional would-be buyers should reacch out to.
President and CEO of Mortgage Professionals Canada Paul Taylor joined CTV Morning Live to share that buyers should contact a mortgage broker before contacting a realtor.
The purchase of a home is likely the biggest financial investment most Canadians will make. A professional mortgage broker can offer sound advice based on an individual’s personal financial circumstances.
They can usually negotiate for the best interest rate and are able to outline the most suitable options for the home-buying budget.
Consulting with a professional mortgage broker is even more important during the current housing market.
At the start of 2022, inventory has been at an all-time low. The repercussion of that is that competition is fierce and prices continue to increase.
A mortgage broker can help outline an appropriate budget and assist you in understanding your financial capacity. People should not overbid on a property if they are not clear if they will be able to secure financing.
Taylor shared that many economists predict that due to inflation the Bank of Canada may hike interest rates by two to three per cent.
This will influence mortgage rates and have many people entertaining whether a fixed or variable mortgage is the right fit.
People can visit findmeabroker.ca to connect with a mortgage broker professional in their neighborhood.
Check out the full video from CTV Morning Live to learn more.
Shopping Trends
The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us.
CTVNews.ca Top Stories
BREAKING
BREAKING Prime Minister Justin Trudeau's plane lands near Donald Trump's Mar-a-Lago estate
Prime Minister Justin Trudeau's plane landed in West Palm Beach, Fla., this evening, not far from where incoming U.S. president Donald Trump's transition team is based at his Mar-a-Lago estate. The Prime Minister's Office is refusing to comment on whether the two are meeting.
'Mayday! Mayday! Mayday!': Details emerge in Boeing 737 incident at Montreal airport
New details suggest that there were communication issues between the pilots of a charter flight and the control tower at Montreal's Mirabel airport when a Boeing 737 made an emergency landing on Wednesday.
Hit man offered $100,000 to kill Montreal crime reporter covering his trial
Political leaders and press freedom groups on Friday were left shell-shocked after Montreal news outlet La Presse revealed that a hit man had offered $100,000 to have one of its crime reporters assassinated.
Cucumbers sold in Ontario, other provinces recalled over possible salmonella contamination
A U.S. company is recalling cucumbers sold in Ontario and other Canadian provinces due to possible salmonella contamination.
John Herdman resigns as head coach of Toronto FC
John Herdman, embroiled in the drone-spying scandal that has dogged Canada Soccer, has resigned as coach of Toronto FC.
Musk joins Trump and family for Thanksgiving at Mar-a-Lago
Elon Musk had a seat at the family table for Thanksgiving dinner at Mar-a-Lago, joining President-elect Donald Trump, Melania Trump and their 18-year-old son.
Billboard apologizes to Taylor Swift for video snafu
Billboard put together a video of some of Swift’s achievements and used a clip from Kanye West’s music video for the song “Famous.”
Trudeau says no question Trump is serious on tariff threat
Prime Minister Justin Trudeau says incoming U.S. president Donald Trump's threats on tariffs should be taken seriously.
In a shock offensive, insurgents breach Syria's largest city for the first time since 2016
Insurgents breached Syria's largest city Friday and clashed with government forces for the first time since 2016, according to a war monitor and fighters, in a surprise attack that sent residents fleeing and added fresh uncertainty to a region reeling from multiple wars.
Vancouver Island
-
Winter storm watch issued as snow, heavy rain expected for B.C. coast
A winter storm is moving over British Columbia's coast, bringing strong winds, heavy snow and freezing rain as snowfall warnings continue for much of the province's Interior.
-
Police renew appeal for information 12 years after Victoria woman's disappearance
On the anniversary of her disappearance, police in Victoria renewed their appeal for information in Emma Fillipoff’s 12-year-old missing persons case.
-
Man facing 10 charges after Richmond, B.C., crime spree
A Metro Vancouver man has been charged with nine counts of breaking and entering and one count of mischief after a five-day crime spree last November.
Kelowna
-
Study of 2023 Okanagan wildfires recommends limiting development in high-risk areas
A study into the devastating wildfires that struck British Columbia's Okanagan region in 2023 has recommended that government and industry limit development in high-fire-risk areas.
-
Kelowna, B.C., to host the Memorial Cup in the spring of 2026
The Western Hockey League's Kelowna Rockets will host the Memorial Cup in the spring of 2026, the Canadian Hockey League said Wednesday.
-
545 vehicles impounded in 332 days: BC Highway Patrol pleads for drivers to slow down
Mounties with the BC Highway Patrol in Kelowna say they've impounded more than 545 vehicles for excessive speed and aggressive driving so far this year. That works out to more than 1.6 per day.
Edmonton
-
Massage therapist charged in connection with sexual assault at Mill Woods clinic
An Edmonton massage therapist has been charged with sexual assault in connection with an incident earlier this year.
-
Armed convenience store robber sought by Edmonton police
Police are searching for the man who robbed a convenience store in southwest Edmonton last weekend.
-
Teenage boy accused of stealing $15K in merchandise from Alberta cannabis shop
A teenager is facing charges after thousands of dollars in merchandise was stolen from a cannabis store robbery east of Edmonton.
Calgary
-
Calgary fighters thankful to enter ring under safe conditions after Ultra Boxing event cancelled
A group of Calgary fighters are thankful to be able to enter the ring under a properly sanctioned event this weekend after the organization they were training under was suspended by Boxing Alberta for two years due to safety concerns.
-
Calgary Mayor Jyoti Gondek running for re-election
Calgary Mayor Jyoti Gondek has announced she will run for re-election in the next municipal election in 2025.
-
'We love this material that we work with': Artists showcase their work with molten glass
Julia Reimer and Tyler Rock are opening the doors of their Firebrand Glass Studio in Diamond Valley for an open house November 30th where visitors can see how objects are made out of glass.
Lethbridge
-
Western Slam basketball tournament tips off in Lethbridge
The inaugural Western Slam tournament got underway Thursday evening at the VisitLethbridge.com Arena.
-
Unattended candle led to fire inside Lethbridge home: officials
An investigation is underway after a fire at a Lethbridge home on Friday.
-
Lethbridge Hurricanes name 3 new members to its Wall of Honour
The Lethbridge Hurricanes’ Wall of Honour will be getting a little more crowded.
Winnipeg
-
Manitoba Metis Federation to be first Metis group with modern treaty with Canada
The Manitoba Metis Federation will be the first Metis group to sign a modern treaty with the federal government.
-
Family says B.C. man's cremated remains in limbo due to Canada Post strike
A Quebec woman whose father died in British Columbia last month says her family has been unable to properly grieve because the Canada Post strike has left his remains in limbo.
-
IIU looking for witness of fatal officer-involved shooting
Manitoba's police watchdog is looking for a person they say witnessed an officer-involved shooting that killed one person.
Regina
-
Regina's LED volume wall leaving Sask. months after opening
Less than a year after an LED volume wall was introduced to the film world in Saskatchewan, the equipment is making its exit from the province.
-
Sask. NDP says Scott Moe, staff stayed in Toronto hotel at rate over $800 per night
The Saskatchewan NDP says Premier Scott Moe and three Saskatchewan Party staff members stayed at a hotel in Toronto last June that cost each of them $818.74 per night for a three-night stay.
-
Jury sequestered to find verdict in sexual assault trial against Regina chiropractor
Justice Janet McMurtry sequestered a 12-person jury to determine a verdict against Regina-based chiropractor Ruben Manz.
Saskatoon
-
'A huge value addition': Sask. scientists develop way to make canola meal more profitable
Researchers at the University of Saskatchewan are looking at making the canola crop more profitable.
-
Missing 60-year-old Sask. man found dead
The Saskatchewan RCMP says 60-year-old Clayton Cameron, reported missing earlier this week, has been found dead.
-
Alberta man dies in crash with semi on Sask. highway
A 61-year-old Alberta man has died following a two-vehicle crash on Highway 14 near Landis on Thursday.
Toronto
-
BREAKINGBREAKING Feds announce $758 million in funding for new Line 2 TTC subway trains
The TTC will get funding from the federal government to replace aging trains on Line 2, Deputy Prime Minister Chrystia Freeland has announced.
-
Highway 407 owner says no active buyback discussions with Ontario government
Pressure is increasing on the provincial government to tap into the underused tolled Highway 407 to unclog congestion on Highway 401.
-
Officer's inaccurate testimony 'will undoubtedly tarnish the image of the Toronto Police Service:' police tribunal
A Toronto cop who 'derailed' a criminal investigation by 'inaccurately' testifying that he saw drugs in plain view inside a suspect’s car has been demoted for two years after pleading guilty to discreditable conduct, a decision from the police tribunal read.
Montreal
-
Hit man offered $100,000 to kill Montreal crime reporter covering his trial
Political leaders and press freedom groups on Friday were left shell-shocked after Montreal news outlet La Presse revealed that a hit man had offered $100,000 to have one of its crime reporters assassinated.
-
Judge hears from ex-employees of Montreal billionaire Robert Miller in sex abuse lawsuit
A Quebec Superior Court justice will deliberate before deciding whether to authorize a class-action lawsuit against Quebec electronics billionaire Robert Miller, accused of paying minors for sex.
-
Santé Quebec launch brings uncertainty to province's health-care system
Sante Quebec is launching on Sunday amid concerns over budget cuts and the impact on services.
Ottawa
-
Ottawa shoppers head back to stores and malls for Black Friday
Black Friday shoppers in the nation's capital found themselves back among the crowds as the ongoing strike by postal workers threatened the arrival of holiday orders.
-
What Australia's social media ban for children could mean as Quebec eyes similar legislation
The Australian Senate passed legislation to ban kids under 16 from social media on Thursday, which is set to become a world-first law. It could become a model for other jurisdictions, such as Quebec, which is strongly considering following suit.
-
BREAKING
BREAKING Prime Minister Justin Trudeau's plane lands near Donald Trump's Mar-a-Lago estate
Prime Minister Justin Trudeau's plane landed in West Palm Beach, Fla., this evening, not far from where incoming U.S. president Donald Trump's transition team is based at his Mar-a-Lago estate. The Prime Minister's Office is refusing to comment on whether the two are meeting.
Atlantic
-
Man charged after Halifax high school placed in hold and secure
A man has been charged after a high school in Halifax was placed in hold and secure Friday morning.
-
Teen arrested in connection with weapons call at Fredericton High School
Fredericton Police Force arrested a 14-year-old boy Thursday in relation to a weapons call at Fredericton High School.
-
P.E.I. steps in to help buy mobile park to allow residents to stay in homes
Residents of Evergreen Village mobile home park in Summerside, P.E.I., who have had an eviction notice looming over their heads may be able to stay in their homes after all.
London
-
Crown witness describes chaotic night after bush party shooting
Crown witness Reece Davidson, 21, told the jury that he was at the bush bash off of Pack Road in southwest London with a bunch of his young friends on July 30, 2021.
-
'The only thing you could see were his eyes': Employees pepper sprayed at south London business
Around 4 p.m. on Thursday, police were called to a report of an assault in progress at a business int he 600 block of Wilkins St. near Wellington Road.
-
$20 million investment from WSIB to help Fanshawe College prepare up and coming first responders for mental stress
Fanshawe College and the Workplace Safety Insurance Board (WSIB) have announced a $20 million investment from WSIB to establish the WSIB Centre of Excellence in Immersive Technologies and Simulation for Workplace Safety. It is the largest single research grant in Fanshawe’s history.
Kitchener
-
Region of Waterloo considers reducing, and even cutting, some services to keep tax increase down
The Region of Waterloo is considering reducing or eliminating some services in an effort to lower the potential 2025 tax increase.
-
Erick Buhr to represent himself during sentencing for second-degree murder in death of his grandmother, Viola Erb
Erick Buhr will represent himself as he prepares for sentencing after being convicted of second-degree murder in the death of his grandmother, Viola Erb.
-
Holiday turkey campaign gets a helping hand from volunteers amid Canada Post strike
The strike by Canada Post workers has thrown a huge wrench into the House of Friendship Turkey Drive.
Northern Ontario
-
Man fined $10K for abandoning homemade barge in Lake Nipissing
A man from Lavigne, Ont., has been fined $10,000 for abandoning a homemade barge in Lake Nipissing.
-
Another 60 cm of snow possible in the Sault as severe weather continues
Closures and cancellations are piling up in Sault Ste. Marie as a major winter storm continues for another day Friday.
-
Heavy police presence on road in Iroquois Falls
Members of the public are being asked to avoid the area of Nellie Lake Road West in Iroquois Falls.
N.L.
-
Newfoundland's LGBTQ2S+ bar paid drag queens $37.50. Tara Nova called them out.
If the screaming crowd in the twinkling Majestic Theatre in downtown St. John's was any indication, Newfoundland drag queen Tara Nova will never have to accept $37.50 for a show again.
-
'Who profits on hunger?': Inuit send pleading emails to minister about food costs
People in Nunavut and northern Labrador have been writing to Canadian government officials this year to say grocers were charging exorbitant prices despite receiving a federal subsidy.
-
As N.L. firm pivots, scientists say Canada's green hydrogen dreams are far-fetched
A Newfoundland energy company's embrace of data centres is raising doubts about eastern Canadian hopes of harnessing the region's howling winds to supply Germany with power from green hydrogen.
