PEI Mortgage Guy | Get the Best Rates on PEI and Expert Advice

Soubhi Abla || January 11, 2022

Home Surtax Explored as Prices Continue to Rise

As new home prices marked the 20th consecutive month of growth, a new report backed by Canada’s housing agency called for a new annual tax to help address affordability. The...

Soubhi Abla || December 01, 2021

Mortgage Amortization

When you shop around for a mortgage, you need to decide on the mortgage term and amortization period.The term and amortization impact: -Your overall costs. -Your interest rates. -Your regular...

Soubhi Abla || November 23, 2021

What is a FIRM OFFER??

An offer that is direct, without any conditions. ⁠⁠The buyer makes a firm offer when they are 100% certain about purchasing a home. ⁠⁠Once the offer is made, the BUYER is legally obligated to follow...

Soubhi Abla || October 27, 2021

A Snapshot of the Canadian Mortgage Market

Mortgage debt is rising at its fastest pace in over 10 years, yet arrears have fallen to record lows. Meanwhile, more mortgage shoppers are opting for variable rates and a growing...