August 24th, 2022
The Bank of Canada interest rate increases have been top of mind for Canadians across the country. The real estate market started with a boom in 2022; home prices were … [read more]
August 23rd, 2022
Nearly 87% of people who buy homes finance their home purchases. While many choose 30-year loans, some choose a 15-year mortgage. Financing a home is the easiest way to buy … [read more]
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August 22nd, 2022
The dream of retirement is a near-universal goal for Canadians. After a lifetime of working to pay the bills and set some funds aside for the later years, we all … [read more]
Comments Off on The Challenges of Having A Mortgage in Retirement
August 4th, 2022
We all know by now that things are changing in the real estate market. I love this quote by writer H. Jackson Brown : “When you can’t change the direction … [read more]
Comments Off on Navigate Rising Rates & Tighter Mortgage Qualifications
July 25th, 2022
Home renovations have always been a popular option for homeowners to improve or refresh their homes, but renovations have gotten even more popular in recent years. This is partly due … [read more]
Comments Off on Financing A Renovation? What Loans are Available in Canada?
July 19th, 2022
Today marks the fourth interest rate increase from the Bank of Canada. The 100 basis-point increase is the highest yet this year and the largest rate increase since 1998. In … [read more]
Comments Off on The Impact on BoC’s Biggest Hike Since 1998 on Prospective Buyers & Variable Mortgage Rates
July 18th, 2022
This week, Bank of Canada announced its target interest rate to 2.5 percent – the largest increase since 1988 . Just this past May, the Bank of Canada raised its … [read more]
Comments Off on How Do Higher Interest Rates Affect Your Mortgage?
July 18th, 2022
Coming off two back-to-back hikes of 50 basis points earlier this year, the Bank of Canada has unexpectedly followed up with its highest rate-hike since 1998. The country’s central bank … [read more]
Comments Off on Bank of Canada Rate-Hikes Had A Notable Impact on BC’s Housing Market
July 7th, 2022
The residential real estate market swung another notch down from its pandemic boom highs with prices softening and properties sitting unsold for longer, new figures show. Prospective buyers are now … [read more]
Comments Off on Prospective Homebuyers to Weigh The Positive Impact of Falling Prices Against The Negative Impact of Rate Hikes
July 6th, 2022
We all know by now that the rate environment is shifting, and interest rates will continue to rise as the Bank of Canada (BOC) aims to control the higher-than-expected inflation. … [read more]
Comments Off on The Impact of Rising Interest Rates on Your Current Property Portfolio & Mortgage Payments
June 28th, 2022
Anyone who owns a house or has been thinking about buying has heard a lot lately about rising interest rates. It’s a very hot topic of discussion, with economists and … [read more]
Comments Off on Why Does The Bank of Canada Raise Interest Rates? How Far will The Rate Hikes Go?
June 27th, 2022
The market is entering more balanced territory, meaning that buyers have negotiating power for the first time in almost two years. However, as mortgage rates continue to rise, many buyers … [read more]
Comments Off on Rising Interest Rates & The Impact to Monthly Mortgage Payments
June 24th, 2022
You can get insurance for almost anything you own and often it is considered a very good idea to do so. Home insurance protects thousands every year from the financial … [read more]
Comments Off on What is Mortgage Default Insurance? Do You Need One?
June 13th, 2022
At the start of the year, amidst rising real estate prices and ballooning inflation, a hike of the Bank of Canada’s key interest rate seemed like an inevitability. Now, nearly … [read more]
Comments Off on How Do Interest Rates Hike Affect Your Mortgage?
June 8th, 2022
When you are looking to get a mortgage, you may be overwhelmed with all of the different terminologies that can come into play when choosing what is best for you. … [read more]
Comments Off on Open vs. Closed Mortgage : Rates Comparison & Prepayment Penalties
May 30th, 2022
Every year, Canada welcomes thousands of new immigrants to live, work, and achieve the dream of a new life in our country. One of the biggest lifestyle dreams for both … [read more]
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May 23rd, 2022
As a real estate investor, you have many different options when it comes to where you want to put your money in order for it to grow. One of the … [read more]
Comments Off on Why Special Mortgages for Commercial Real Estate?
May 18th, 2022
These days, everyone has their eyes on the Bank of Canada as they are in the progress of gradually raising interest rates. As the Bank of Canada rate goes up, … [read more]
Comments Off on Overnight vs. Prime Rate, Effects on Existing & New Mortgages
May 5th, 2022
Mortgage brokers serve as a conduit between customers and lenders, and they can make a significant difference in your search for the ideal loan. If it’s your first time buying … [read more]
Comments Off on The Benefits for 1st-Time Home Buyers to Work with A Mortgage Broker
April 26th, 2022
With home prices growing every year, more and more Canadians are looking for ways to make buying a home more affordable. If you’re looking to get into the market and … [read more]
Comments Off on Loan-to-Value Ratio Mortgage : Options, Benefits, Amortization Period & Downsides
April 13th, 2022
The Bank of Canada is scheduled to make its next rate announcement in a couple of weeks, and one bank is predicting that this will be the start of two … [read more]
Comments Off on Rate Hikes in Updated Forecast – Target Range Terminus at 2.75% to 3% by Mid-Next Year
April 7th, 2022
With the Bank of Canada having recently moved its target for the overnight rate to 0.5%, more interest rate hikes are expected this year. One economist is warning that this … [read more]
Comments Off on The Surge in Interest Rate Expectations is A Key Risk to Housing Market
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