Blog | Calum Ross Mortgage

Taking Your Financial Goals Seriously

Category: Mortgages (46 posts)

How are mortgage rates are determined?

How are mortgage rates are determined?

December 4, 2018 | Posted by: Calum Ross

Want to buy a home? Chances are you’re going to need a mortgage (or you’re going to get a mortgage even if you don’t need one simply because you understand the power of leverage and ... [read more]

How Mortgage Rates Work – Fixed vs Variable

How Mortgage Rates Work – Fixed vs Variable

November 28, 2018 | Posted by: Calum Ross

Want to buy a home? Chances are you’re going to need a mortgage (or you’re going to get a mortgage even if you don’t need one simply because you understand the importance of having c ... [read more]

Who pays mortgage broker fees?

Who pays mortgage broker fees?

November 21, 2018 | Posted by: Calum Ross

Once upon a time, we all believed that our friendly, neighbourhood bank advisor or financial planner worked for free. But like the myth of a flat Earth or the notion that retiring is easy, virtually n ... [read more]

How to make your Canadian Mortgage Interest Tax Deductible

How to make your Canadian Mortgage Interest Tax Deductible

November 7, 2018 | Posted by: Calum Ross

Here in Canada, we don’t get to write off home mortgage interest on our personal residences they do in the United States without formal planning. Many Canadians have to pay every dollar of inter ... [read more]

How to make a Canadian mortgage tax deductible

How to make a Canadian mortgage tax deductible

November 7, 2018 | Posted by: Calum Ross

There are a lot of advantages to owning a principal residence in Canada. Property is an excellent hedge against inflation, it offers an opportunity to earn revenue from rentals (allowing the asset to ... [read more]

RESP – The Tax Sheltered Education Plan You Shouldn’t Say No To!

RESP – The Tax Sheltered Education Plan You Shouldn’t Say No To!

December 5, 2017 | Posted by: Calum Ross

Isn’t it nice when you go to your bank to deposit a cheque and they hand you $500 just as a thank you having an account with them? No? That’s never happened to you? Strange. Then you mus ... [read more]

Victory Lap Retirement – A tribute to the new retirement model

Victory Lap Retirement – A tribute to the new retirement model

December 3, 2017 | Posted by: Calum Ross

I recently took the time to sit down and enjoy my second Jonathan Chevreau book, “The Victory Lap Retirement” which addresses a topic covered in my own book “The Real Estate Retireme ... [read more]

6 Simple Steps to Having a Great Financial Plan

6 Simple Steps to Having a Great Financial Plan

March 22, 2017 | Posted by: Calum Ross

Everyone knows what a wealth advisor does, but do they really? Of course a wealth advisor helps you with financial planning and to meet your wealth objectives but we’ll cover in this articl ... [read more]

4 Financial Risk Factors & Your Risk Tolerance

4 Financial Risk Factors & Your Risk Tolerance

March 15, 2017 | Posted by: Calum Ross

An age old question in investment suitability is “how much risk do I take?” and it’s a key consideration in your investment activities. Naturally changes in life circumstances may ch ... [read more]

Why Paying off Your Mortgage May Be Bad for Your Net Worth

Why Paying off Your Mortgage May Be Bad for Your Net Worth

March 8, 2017 | Posted by: Calum Ross

INVESTING VERSUS MORTGAGE REDUCTION… HOW TO DO THE MATHIn a society where financial planning education and free financial resources are as readily available as fast food, it is unfortunate to k ... [read more]

The Basis of the Mortgage Rates (How They Work)

The Basis of the Mortgage Rates (How They Work)

March 1, 2017 | Posted by: Calum Ross

As we all know, real estate financing plays an integral role in the affordability of real estate to most Canadians. In fact, every 1% increase in residential mortgage rates literally ends the dream of ... [read more]

You Must Consider These 6 Financial Planning Objectives

You Must Consider These 6 Financial Planning Objectives

January 24, 2017 | Posted by: Calum Ross

When creating a financial plan, and making any investments you need to be clear on your objectives. To be most effective the process must start with some self-reflection which is often easier said tha ... [read more]

The Ethics of Financial Advisory: What’s Behind the Curtain?

The Ethics of Financial Advisory: What’s Behind the Curtain?

January 17, 2017 | Posted by: Calum Ross

It’s foolish to expect that someone else is going to care about your money more than you do, so rather than blindly trust a so-called expert to handle your wealth – make sure you understan ... [read more]

7 Personal Finance Trends You Can Exploit

7 Personal Finance Trends You Can Exploit

January 10, 2017 | Posted by: Calum Ross

Key trends in the world of personal finance today require a shift in mindset for most Canadians to maximize their short and long-term financial success. These trends are making the concept of financia ... [read more]

The Lesser Known Specialist You Need On Your Financial Planning Team

The Lesser Known Specialist You Need On Your Financial Planning Team

January 5, 2017 | Posted by: Calum Ross

A New Year is considered a fresh start to many, so what better time to give some attention to your finances if you have been neglecting them or let them become a little disorganized? There is a lesser ... [read more]

The Basis of the Mortgage Market

The Basis of the Mortgage Market

December 20, 2016 | Posted by: Calum Ross

As we all know, real estate financing plays an integral role in the affordability of real estate to most Canadians. In fact, every 1% increase in residential mortgage rates literally ends the dream of ... [read more]

Borrowing to Invest – Part 3 of 3

Borrowing to Invest – Part 3 of 3

December 13, 2016 | Posted by: Calum Ross

In part one of this three-part series we introduced the topic and ways to borrow to invest. In part two we outlined some of the key considerations when borrowing to invest, and now in part three we wi ... [read more]

Borrowing to Invest – Part 2 of 3

Borrowing to Invest – Part 2 of 3

November 30, 2016 | Posted by: Calum Ross

While borrowing to invest is a solid longer term strategy for people who are behind on their savings or who are net worth driven – I want to stress that it does have risks because returns are ne ... [read more]

3 Reasons to Complete Your Mortgage Before Year End

3 Reasons to Complete Your Mortgage Before Year End

November 23, 2016 | Posted by: Calum Ross

As 2016 draws to a close, there is still time to complete your mortgage before year end and take advantage of today’s historically low (but rising) rates. With holiday parties and the busyness o ... [read more]

Why a Rising US Stock Market Impacts Canadian Mortgage Rates?

Why a Rising US Stock Market Impacts Canadian Mortgage Rates?

November 17, 2016 | Posted by: Calum Ross

Typically, when we see stock markets rallying up we also see bond yields go down, and many ask the question “why does this happen?”. What’s important to keep in mind as mortgage cons ... [read more]

Why Investment Property Mortgage Interest Rates Will Rise – Even if Mortgage Rates Stay Flat

Why Investment Property Mortgage Interest Rates Will Rise – Even if Mortgage Rates Stay Flat

November 10, 2016 | Posted by: Calum Ross

With new mortgage rules in effect and regulators closely monitoring credit policy in Canada, there has been much conversation about the impact on real estate prices and whether the changes will slow t ... [read more]

Borrowing to Invest – Part 1 of 3

Borrowing to Invest – Part 1 of 3

August 24, 2016 | Posted by: Calum Ross

Borrowing to invest (otherwise known as financial leverage) is a personal finance strategy where someone borrows funds for investment purposes. Due to the uncertainty of investment returns and the fac ... [read more]

5 Key differences between TFSAs and RRSPs (and how to use them to save money)

5 Key differences between TFSAs and RRSPs (and how to use them to save money)

August 10, 2016 | Posted by: Calum Ross

1. RRSP contributions are tax deductible. TFSA contributions are not tax deductible. With a TFSA, you can’t deduct your contribution on your tax return. This means that the money you put into ... [read more]

Five Key Things to Consider When Borrowing to Invest

Five Key Things to Consider When Borrowing to Invest

July 6, 2016 | Posted by: Calum Ross

With interest rates at near all time lows and a number of the global investment and real estate markets showing strong return numbers – borrowing to invest has never been more popular. Using hom ... [read more]

Why Carrying a Large Home Equity Credit Line …. Makes No Sense!!!

Why Carrying a Large Home Equity Credit Line …. Makes No Sense!!!

January 16, 2016 | Posted by: Calum Ross

It looks like the low interest rate environment is here to stay for the foreseeable future. The sad reality is Canada’s economy just isn’t recovering from the sudden drop in oil prices as ... [read more]

HELP US GIVE 5 FAMILIES A GIFT OF $1,000 THIS HOLIDAY SEASON

HELP US GIVE 5 FAMILIES A GIFT OF $1,000 THIS HOLIDAY SEASON

December 2, 2015 | Posted by: Calum Ross

Calum Ross Mortgage Cares – Our 2015 Using Money to Buy Happiness Program  See contest rules at bottom of post: Over the last two years I have put out an annual letter – my own fo ... [read more]

Why US Fed Rate Hike Means Higher Canadian Mortgage Rates

Why US Fed Rate Hike Means Higher Canadian Mortgage Rates

November 23, 2015 | Posted by: Calum Ross

It always amazes me just how quickly Canadian consumers forget how dependent the Canadian economy is on the US economy. Simply put… the Canada-US trade relationship is one of the single biggest ... [read more]

Using Your Home Equity to Lower Monthly Payments (aka Debt Consolidation)

Using Your Home Equity to Lower Monthly Payments (aka Debt Consolidation)

October 27, 2015 | Posted by: Calum Ross

Did you know that if you have any debt other than a mortgage debt it is very likely at a higher interest rate than secured mortgage borrowing? In fact, even if you have lots of extra cash flow and pri ... [read more]

Why Big Banks Fixed Mortgage Rates = Huge Mortgage Penalties

Why Big Banks Fixed Mortgage Rates = Huge Mortgage Penalties

September 22, 2015 | Posted by: Calum Ross

There’s never been a better time to own a home. Homeowners are enjoying record low mortgage rates. It’s not that hard to find a mortgage rate below 3 percent on a 5-year mortgage. While lo ... [read more]

CMHC Secondary Suite Program Helps R/E Investors & Home-Buyers Qualify for Mortgages

CMHC Secondary Suite Program Helps R/E Investors & Home-Buyers Qualify for Mortgages

September 15, 2015 | Posted by: Calum Ross

The Actual ‘Inside Scoop’ on CMHC Secondary Suites – And what it means to investors and home buyers! On July 23rd of 2015, CMHC announced changes to its policies regarding t ... [read more]

Limiting Foreign Ownership of Canadian Real Estate… is Just Crazy!

Limiting Foreign Ownership of Canadian Real Estate… is Just Crazy!

August 19, 2015 | Posted by: Calum Ross

This entry was posted in Investing In Real Estate, Mortgage Articles, Real Estate Investing and tagged Canadian real estate, Foreign ownership on August 19, 2015 by CR. Investing In Real Estate, Mortg ... [read more]

CMHC Second Suite Program – Relaxed Rules for Rental Income on Mortgage Applications

CMHC Second Suite Program – Relaxed Rules for Rental Income on Mortgage Applications

August 4, 2015 | Posted by: Calum Ross

Buying a decent-sized property in Canada’s most expensive housing markets can be tough, even for the affluent. Home prices in Toronto and Vancouver have been heading upward with no end in sight. ... [read more]

Why borrowing to invest makes sense right now!

Why borrowing to invest makes sense right now!

July 28, 2015 | Posted by: Calum Ross

If you thought interest rates couldn’t get any lower, you’d be wrong (for the record – I was one of them). With the Bank of Canada cutting the overnight lending rate for the second t ... [read more]

Dismal GDP Numbers: What They Mean for Homebuyers

Dismal GDP Numbers: What They Mean for Homebuyers

June 2, 2015 | Posted by: Calum Ross

 Statistics Canada released its latest GDP numbers. To say they aren’t pretty would be the understatement of the century. The Canadian economy shrank by 0.6 percent in the first quarter of ... [read more]

How to Pay Off Debts Fast

How to Pay Off Debts Fast

May 20, 2015 | Posted by: Calum Ross

Are you up to your ears in debt? If you’re financially disciplined and have a plan, there are ways to pay off your debt sooner. By only paying the minimum on your outstanding debt, especially cr ... [read more]

The Impact of Qualifying Rate vs. Discount Rate – Why 5 Year Fixed Gets You Much More Money

The Impact of Qualifying Rate vs. Discount Rate – Why 5 Year Fixed Gets You Much More Money

May 13, 2015 | Posted by: Calum Ross

With the spring housing market in full bloom and summer just around the corner, it’s the perfect time to buy a home. Despite skyrocketing real estate prices in the most sought-after housing mark ... [read more]

Using Your RRSP and TFSA to Save Towards a Home Purchase

Using Your RRSP and TFSA to Save Towards a Home Purchase

May 5, 2015 | Posted by: Calum Ross

While the RRSP has long been the preferred way to save towards buying a home, the introduction of the TFSA in 2009 changed that. The TFSA offers another great way to save towards the purchase of a hom ... [read more]

Why Your Debt Service Ratios Matter

Why Your Debt Service Ratios Matter

April 8, 2015 | Posted by: Calum Ross

For most families, a mortgage is the largest amount of debt you’ll incur in your lifetime. With home prices reaching the stratosphere in many housing markets nationwide, homebuyers are taking on ... [read more]

Why Now May Be the Best Time to Refinance in Canadian History

Why Now May Be the Best Time to Refinance in Canadian History

April 1, 2015 | Posted by: Calum Ross

 After the winter that seemed like it would never end, spring is finally here! Spring is the perfect time to enjoy the outdoors, spring clean (sorry, I couldn’t resist!) and of course, buy ... [read more]

Household Debt to Disposable Income Ratio at New High… but that’s not the real story!

Household Debt to Disposable Income Ratio at New High… but that’s not the real story!

March 17, 2015 | Posted by: Calum Ross

Household debt is once again making news headlines for all the wrong reasons. The household debt to disposable income ratio reached a record high of 163.3 percent in the fourth quarter of 2014, accord ... [read more]

Should You Pay Down Your Mortgage Early? Setting Financial Priorities

Should You Pay Down Your Mortgage Early? Setting Financial Priorities

March 4, 2015 | Posted by: Calum Ross

The RRSP deadline has come and gone for another year. Did you join the frenzy of last minute savers by contributing to your RRSP this year? For the typical Canadian family Canadian, it can be difficul ... [read more]

Why the Bank’s Posted Mortgage Rate Matters (even when practically no one pays it)

Why the Bank’s Posted Mortgage Rate Matters (even when practically no one pays it)

February 25, 2015 | Posted by: Calum Ross

Homeowners are a lot more savvy about mortgage rates these days. When it comes to signing up for a mortgage, very few homeowners accept the posted rate. The big banks are notorious for having the high ... [read more]

Should You Use Home Equity to Catch Up on an RRSP Shortfall?

Should You Use Home Equity to Catch Up on an RRSP Shortfall?

February 19, 2015 | Posted by: Calum Ross

A common dilemma faced by homeowners is, should I contribute to my RRSP or pay down my mortgage? If you speak with your parents or grandparents who grew up during the Great Depression, they’ll c ... [read more]

RRSP Contribution vs Pay Down Your Mortgage… Do the Math!

RRSP Contribution vs Pay Down Your Mortgage… Do the Math!

February 12, 2015 | Posted by: Calum Ross

With the RRSP contribution deadline fast approaching, the age-old question comes up: should you contribute to your RRSP or pay down your mortgage? We all know what the big banks want you to do: contri ... [read more]

3 Reasons You Should Consider Refinancing Your Mortgage

3 Reasons You Should Consider Refinancing Your Mortgage

January 14, 2015 | Posted by: Calum Ross

A lot of people view their mortgage as a life sentence when they sign on the dotted line. Just because you signed a five year mortgage term, doesn’t mean you can’t see what else is out the ... [read more]

4 Tips To Get Your Financial House in Order

4 Tips To Get Your Financial House in Order

January 7, 2015 | Posted by: Calum Ross

It looks like mortgage rates could finally be heading higher in 2015. I know what you’re thinking: we hear the so-called mortgage experts at the big banks predict this every year. What makes thi ... [read more]

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Calum W.M Ross
Calum W.M Ross, MBA, PFP, CDFA, AMP
Broker | Wealth Advisor
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