Blog - iSask Mortgage Brokers

How Much Should I Be Saving for a Down Payment?

By Scott Tremblay on November 17, 2022

You may be wondering, how much should I be saving for a down payment? The answer depends on a number of factors such as home value, mortgage type and lender.

The Importance Of a Pre-Approved Mortgage

By Scott Tremblay on November 19, 2021

If you are in the market to buy a house, the first step you should consider, before walking through any homes, is to speak with a mortgage broker about a pre-approval. This is not a commitment to a lender, mortgage broker or realtor, but a step that allows you to understand what you should be […]

How Much Will it Really Cost to Buy a House?

By Scott Tremblay on August 27, 2021

Once you have figured out the home price range you can afford and the type of mortgage you qualify for, you will need to calculate the associated costs of the transaction to make sure you are financially ready. Here is a list of some UPFRONT COSTS to plan for: Mortgage Loan Insurance Premium. Mortgage Loan […]

Cut the risk - What will interest rates do next

By Scott Tremblay on April 26, 2018

The general consensus is that we will see a rising interest rate trend in 2018. The economy in the early part of 2018 was not as strong as expected, but most economists feel it will improve throughout 2018. The question seems to be not so much will the interest rates rise, but moreso, how much will they […]

Prime Rate Unchanged. For Now

By Scott Tremblay on April 18, 2018

It seems variable mortgage rates will be standing pat, for now, as the Bank of Canada announced today it will be keeping the target for the overnight rate as-is, at 1.25%. How this relates to your variable rate mortgage or line of credit is a consumer prime lending rate of 3.45% for most banks. The […]

Housing demand in Saskatoon should increase

By Scott Tremblay on January 8, 2018

There are some good economic signs for Saskatchewan in 2018 & 2019. Many economists expect Saskatchewan to lead the country in economic growth. Potash has seen strong demand, increasing throughout 2017 and into 2018. This has led to increasing sales and profits. This is a good sign going forward. Agriculture has been a strong point […]

Interest Rates Scaring you?

By Scott Tremblay on August 10, 2017

Interest rates scaring you? It is true that mortgage interest rates have come up over the last month. Keep in mind that this is a very small increase, and we’re still in an ultra-low rate environment. We’ve also seen increases before only to see them decrease again. But rates have risen, and we may see […]

Graduate Retention Program - First Home Plan

By Scott Tremblay on March 10, 2017

First Home Plan - Graduate Retention Program Using the post secondary graduate tax rebate in advance for the use toward down payment. The best down payment program to hit Saskatchewan in a while. Recent post secondary graduates will be thinking about the Graduate Retention Program at this time of year as they file their income […]

Own vs. Rent

By Scott Tremblay on November 10, 2016

A friend asked me the other day to give my perspective on renting vs. owning. I thought about this, and came up with many great advantages to own and a few good reasons to rent. Then I got to thinking. Who cares what I think. Everyone has their own unique plans and situation. This is […]

Canada Child Benefit to Counter new Mortgage Stress Test

By Scott Tremblay on October 26, 2016

The changes announced by the Finance Minister were put in place to ensure that home buyers can afford to hang onto their home if interest rates are higher when their mortgage matures down the road. While I feel they went a little to far on this test, it is not entirely a bad idea. Regardless […]

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iSask Mortgage Brokers
517 4th Avenue North
Saskatoon, Saskatchewan
S7K 2M5

iSask Mortgage Brokers
517 4th Avenue North
Saskatoon, Saskatchewan
S7K 2M5

information@isaskmortgage.ca