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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 [...]

Happy New Year! 2022 was another interesting year to say the least. One year ago, it was expected that we would see the Bank of Canada increase rates by 4-5 [...]

Rising mortgage rates have affected the purchasing ability for many prospective homebuyers. Some have found themselves shut out of the market entirely. This problem could be easily solved by making [...]

Rising mortgage rates are a concern to many. Particularly those who are in variable rate mortgages with an adjustable payment (ARM), or for those who have a mortgage that is [...]

This morning was the Bank of Canada’s final rate announcement of the year, where they confirmed that they will be increasing their overnight rate by another 0.50%. This means that [...]

It’s hard to imagine that a 2.49% mortgage rate was considered high just one year ago. We became spoiled with the pandemic driven sub-2% rates available during the latter half [...]

Whether you’re a first-time home buyer or a home buying veteran, mortgage terminology can be confusing and it’s not uncommon for terms to be misused. It can be difficult enough [...]

Back in early 2022, there were forecasts indicating that the Bank of Canada would increase their rate by as much as five times before the end of the year. All [...]