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When considering purchasing a home, one of the key factors to consider is the mortgage you can qualify for.  Mortgage qualification depends on several factors, including your financial situation and [...]

Yesterday’s highly anticipated CPI inflation report revealed a drop of 1.00%. This brings it down to 3.40% which is the first time it has been in the 3% range in [...]

Bond yields have been trending upward precipitously since early May over growing concerns with inflation. As inflation expectations rise, investors react by adjusting their bond holdings, which can have an [...]

I’m looking forward to the day when I can start blogging about falling mortgage rates. Unfortunately, we are not there yet as rates are still on the rise with more [...]

While it had appeared that we had seen the last of the rate increases from the Bank of Canada, they announced this morning that they are increasing their overnight rate [...]

Back on March 8th, the Bank of Canada announced that they were pausing their rate hikes. This resulted in bond yields plummeting, which resulted in 5 year fixed mortgage rates [...]

While the Bank of Canada has eight scheduled rate announcements per year, fixed mortgage rates have no set schedule. They can move in either direction at any time, and one [...]

While fixed mortgage rates have fallen off of their 14 year highs we saw back in the fall of 2022, they are now facing upward pressure once again. Bond yields [...]

While fixed mortgage rates have come down from their 14 year highs, they are still considerably higher than there they were over the last five years. If you went with [...]

If your goal is to pay your mortgage off as quickly as possible, you may be inclined to request a shorter amortization. After all, you’ll become mortgage-free faster by choosing [...]

A HELOC, or Home Equity Line Of Credit, is a simply a line of credit that is registered against your home. It can also be referred to as a SLOC [...]

Following the collapse of Silicon Valley Bank last month, there has been some speculation that we could see the Bank of Canada cut their rate as early as June of [...]

The Bank of Canada announced this morning that they are holding their rate for the second straight time. Each time they leave it unchanged puts us one step closer to [...]

Variable rate mortgages have historically outperformed fixed rates most of the time. But that doesn’t mean they always win. If they did, then no one would even consider a fixed [...]

It is no big secret that a recession is all but inevitable at this point. The sharp and rapid rate increases from the Bank of Canada in 2022 were far [...]

Immediately following the news on the collapse of Silicon Valley Bank in the US, bond yields plummeted by roughly 19%. This put immediate downward pressure on fixed mortgage rates. But [...]

It’s amazing the impact that news can have on mortgage rates. Up until Thursday of last week there was upward pressure on fixed rates which was building quickly. We had [...]

In this morning’s scheduled rate announcement, the Bank of Canada confirmed that they are leaving their rate where it is. Finally! Exactly what variable rate mortgage holders wanted to hear. [...]

With much stronger employment statistics coming out of both the US and Canada earlier last month, bond yields started to soar which have resulted in fixed mortgage rate increases across [...]

Given the significant increases to mortgage rates over the past year, it may go without saying that many are feeling the pinch. Particularly those in variable rate mortgages and those [...]

In the Bank of Canada’s rate announcement on January 25th, they told us exactly what we wanted to hear. They are pausing rate hikes. Their report stated that they expect [...]

At the beginning of 2022, economists were forecasting that the Bank of Canada's overnight rate would increase four to five times, all at the standard 0.25% per hike. This would [...]

The Bank of Canada increased their policy rate by another 0.25% this morning which should not have come as a surprise.  This means that the prime rate will be increasing [...]

High levels of debt can significantly eat into monthly cash flow which can take a toll on many households. Particularly those who are living paycheque to paycheque. Rising inflation is [...]