Explore. Find. Discover. Navigate our blog menu.

It’s hard to believe that it’s 2022 already. Such a futuristic sounding number, yet still no flying cars. What gives?  For those who have been following my blog over the [...]

If there is anything positive to come out of COVID, it’s the record low mortgage rates that it created. As the pandemic won’t last forever, neither will the rates, so [...]

With all the talk about the Bank of Canada increasing their rate in 2022, I’m getting more and more questions regarding converting a current variable rate mortgage into a fixed.   But is this [...]

In their final scheduled rate announcement for 2021, the Bank of Canada confirmed this morning that they will be holding their overnight rate at 0.25%. This is the rate that [...]

Finding the ideal home can be challenging, if not impossible, especially in a hot real estate market. You might find a home where you love the layout, but the kitchen [...]

Anyone following the mortgage market is aware that fixed mortgage rates have been increasing since early October. While they have stabilized for now, it’s possible that we could see further [...]

When purchasing a resale property, the closing date is a straightforward concept. It’s simply the date that the ownership is transferred from the seller to the buyer. Where it becomes [...]

5 year fixed mortgage rates have been on the rise since late September, and have now climbed up over 2%. Should this surprise us? The fact that fixed mortgage rates [...]

In this morning’s scheduled rate announcement from the Bank of Canada, they confirmed that they will be maintaining their overnight rate. This is the rate that mortgage lenders use to [...]

Bond yields continue to trend upward, which places more upward pressure on fixed mortgage rates. Some mortgage lenders have increased their rates over the last few days, with more expected [...]

Upward pressure on fixed mortgage rates remains, and if bond yields continue with their upward trend, then fixed rates will continue to rise. The regular readers of my blog will [...]

Even with recent increases to fixed mortgage rates, they are still among the lowest in history. Rates this low are not typical, and not close to anything we would expect [...]

Fixed mortgage rates have been trickling downward since the spring, however this trend has now reversed sharply. Fixed mortgage rates are largely influenced by bond yields, which have been steadily [...]

Income confirmation is a crucial part of the mortgage approval process as it assures lenders that the borrower has the capacity to repay the loan. It doesn’t matter how large [...]

One of the most commonly misunderstood terms used in the mortgage industry is biweekly payments. The confusion comes from there being two options. Biweekly and accelerated biweekly. When most people [...]

The Bank of Canada continued their predictable and rather boring trend of uneventful rate announcements this morning, confirming that there will be no change to their overnight rate. Even though [...]

One of the most common questions I get is what can be expected from mortgage rates moving forward. We’re now enjoying some of the lowest mortgage rates in history, but [...]

Unless you’re new to the world of mortgages, you’re likely aware that the minimum down payment to avoid mortgage default insurance is 20%. What many may not be aware of [...]

When shopping for mortgage rates, most people gravitate towards 5 year terms, as this is what has become ‘standard’. This doesn’t mean a 5 year term is right for everyone, [...]

As the name implies, the application is an online form that you complete when you are applying for a mortgage. It’s basically a collection of information, which gives the lender [...]

Mortgage terms can range anywhere from one to ten years, with the most common being five years. At the end of your term, your mortgage is due and payable. This [...]

The Bank of Canada announced this morning that they will be maintaining their overnight rate at 0.25%, which means prime rate will remain at 2.45%. Surprise, surprise, surprise. They remain [...]

Whether you’re a first time homebuyer, or you’re a seasoned veteran, many will go straight to their bank for their mortgage, without ever considering other options. I receive regular inquiries [...]

It’s normal for the spring housing market to be busy. It is every year. But it hasn’t just been busy. It’s been out of control crazy! Spring is usually an [...]

Your credit score is important. Very important. In fact, it can have a significant impact on the rate you’re quoted. It could also mean the difference between qualifying for a [...]