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The long-awaited announcement is finally here! As of December 15th, 2024, the Department of Finance will raise the maximum price limit on CMHC-insured mortgages from $999,999 to $1.5 million. This [...]

It’s the talk of the town, mortgage rates are falling… and falling fast. In fact, fixed mortgage rates have plummeted by as much as 1.50% since they reached their recent [...]

The Bank of Canada has just made another move, dropping the overnight rate by 0.25%—the third cut in a row. While it might not have been a nail-biting wait, it [...]

When it comes to managing your mortgage, understanding prepayment privileges can make a significant difference in how quickly you can pay down your loan. These privileges are often represented by [...]

If your mortgage renewal is approaching, you might be facing higher payments due to increased interest rates. Most mortgage holders had to qualify for their mortgage based on a higher [...]

When you select your mortgage product, you’re entering into a contractual agreement with the lender for a specific closed term. Should you find yourself needing to return the mortgage early, [...]

When purchasing a property with less than 20% down payment, mortgage default insurance (CMHC for example) is required. The advantage is that you’ll likely receive a lower mortgage rate. Possibly, [...]

This morning’s rate announcement from the Bank of Canada was music to the ears of anyone currently in a variable rate mortgage. They came through with another 0.25% cut, which [...]

Since the Bank of Canada initiated the rate-cutting cycle with a 0.25% reduction on June 5th, there has been speculation about a subsequent cut during the next scheduled announcement on [...]

Every mortgage comes with a maturity date, which marks the end of your mortgage term. This can informally be referred to as your renewal date. If you’re fortunate enough to [...]

While variable rate mortgages used to be a popular choice for many, they have since left a bad taste in the mouths of many given the substantial increases to prime [...]

The Bank of Canada rate cut on June 5th was the first in more than four years. With four straight months of declining inflation, the Bank of Canada had the [...]

Following the substantial rate increasing madness we experienced in 2022 and 2023, the 0.25% rate cut from the Bank of Canada on June 6thth was a huge relief. Particularly to [...]

The mortgage arrangement process can seem simple and effortless, or it can become exhausting with one document requirement after another. If you have a better understanding of what a mortgage [...]

For the first time in over four years, the Bank of Canada has delivered a highly anticipated rate cut! As I say in my book, the BoC has a consistent [...]

Everyone is looking to save as much money as they can with their mortgage, and locking in at the lowest mortgage rate on the market is top priority. There is [...]

As the weather heats up, so does the buzz around a potential rate cut from the Bank of Canada. Everyone’s wondering: will the BoC finally give us some relief?  It’s [...]

Following weeks of upward pressure on fixed mortgage rates, we’re now starting to see some mortgage lenders come through with cuts. This doesn’t mean that fixed rates are going to [...]

As we get closer to the highly anticipated rate cuts from the Bank of Canada, everyone’s focus is on falling mortgage rates. However, mortgage lenders have been increasing their fixed [...]

Despite widespread anticipation of rate cuts from the Bank of Canada, fixed mortgage rates continue with their upward climb. It's a common misconception that when the BoC slashes its rate, [...]

After last week’s disappointing inflation numbers reported by our neighbors south of the border, Canada’s headline inflation has dropped to 2.9% year over year… right in line with what economists [...]

In this morning’s scheduled rate announcement, the Bank of Canada left their overnight unchanged for the sixth straight time. This is exactly what was expected and any movement in either [...]

Everywhere you look, there is news about mortgage rates falling. While this is expected, it may not happen quite as fast as we’re hoping for. It’s also never a straight [...]

Your credit score is the first thing that a lender looks at when approving your mortgage. It can mean the difference between qualifying for a mortgage or being flat out [...]

With expectations set for a significant decrease in mortgage rates over the next few years, the majority of mortgage seekers have been choosing shorter term fixed rate products. However, shorter [...]