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These are definitely crazy times we are going through. Times that we will never forget. Everyone has been impacted by COVID-19 in one way or another. All we can do [...]

Just two weeks ago, we saw some of the heaviest downward pressure on fixed mortgage rates that we had ever seen.  Bond yields, which is what determined fixed rates, hit [...]

We are currently in uncharted waters. The global pandemic is worsening, which has already resulted in an enormous blow to our economy.  Bars and restaurants are closed. Theatres and sporting [...]

As the coronavirus pandemic worsens, the global economy will be forced further into recession.  At this point, it’s pretty much inevitable.  The Bank of Canada was forced to make an [...]

Last week, we saw the first rate cut by the Bank of Canada in almost 5 years. While a 0.25% rate cut was expected, the BOC came through with a [...]

It's been a long time in the making, but the Bank of Canada has finally cut their overnight rate! This is something that was expected to happen as soon as [...]

One thing that we all have in common is that we love getting a deal. If we see an opportunity to save money, then we’ll be all over it!  Purchasing [...]

With the real estate market heating up, it’s about to get hotter with new changes to the mortgage stress test becoming reality.    But is this really true?  There was [...]

Everyone wants to find the lowest mortgage rate. There is a level of personal satisfaction and gratification that comes with finding the best deal. You may even land such a [...]

You’re shopping for a mortgage, and are presented with two different mortgage options, both with different rates and different features. The first thing you do is attempt to calculate the [...]

It was no surprise that last week’s rate announcement from the Bank of Canada resulted in maintaining the status quo….. for the tenth straight time.  Much like shopping for a [...]

As expected, the Bank of Canada maintained its overnight rate this morning in the first scheduled rate announcement of 2020.  The overnight rate is what the banks base their prime [...]

It’s hard to believe that we are now in the year 2020, yet still no flying cars.  What gives?   Still, we have seen some great technological advances in the [...]

The controversial mortgage ‘stress test’ is what requires borrowers to qualify for a mortgage based on a higher rate than their contract rate (the rate the mortgage payment is based [...]

Fixed rates have fallen to their lowest levels in more than two years, with 5 year fixed rates as low as 2.54%.  Anyone currently in a variable rate mortgage will [...]

This morning marked the Bank of Canada’s final rate announcement for 2019.  As expected, they have once again kept their rate unchanged.  Prime rate remains 3.95%. Earlier in the year, [...]

Since the middle of the first quarter in 2019, it’s been predicted that the Bank of Canada will cut their prime rate at least once.  Ever since, the market has [...]

It’s hard to believe that we are now approaching the end of 2019.  With the end of the year in sight, some mortgage lenders are introducing extremely aggressive promotions to [...]

New job opportunities can be exciting!  They typically offer a higher income, and more potential for growth.  But what happens if you’ve purchased a new home and are offered a [...]

Since late in the first quarter of the year, it’s been predicted that the Bank of Canada will be dropping rates this year.  The wait continues however, as the Bank [...]

Since mid-winter, it’s been predicted that the Bank of Canada would be cutting their overnight rate this year.  The market has watched closely ever since, yet here we are in [...]

While the temperature drops, the housing market continues to gain strength. In September, home sales in the GTA were up 22% over the same month in 2018 with 7,825 total [...]

As technology continues to advance, I’m seeing more and more ads for quick mortgage approvals. Sometimes in as little as 60 seconds.  But how accurate is a pre-approval if it [...]

Anytime you replace your current mortgage with a new one you are refinancing. This is not to be confused with switching your mortgage, which is when you are simply transferring [...]

A common goal for many mortgage borrowers is to get their mortgage paid off as soon as they can. Who doesn’t want to be mortgage-free? Pretty much all mortgages come [...]