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In this morning’s scheduled rate announcement from the Bank of Canada, they confirmed that they will be holding their overnight rate at 0.25%. This was not surprising, and anything else [...]

You’ve been shopping for a new home and finally have your offer to purchase accepted. The next step is to get your mortgage financing in place. You submit your application [...]

One of the hottest topics of conversation has been the new new mortgage stress test. It’s all over the news, and whenever people hear the words ‘mortgage’ and ‘rate increase’ [...]

One thing that we all have in common is that we want the lowest mortgage rate. Rate shopping is not as easy as it used to be as rates can [...]

One of the hottest topics of conversation is the red-hot housing market. Anyone who has been seriously shopping for a new home has no doubt been running into challenges with [...]

Until last week, the Bank of Canada was firm on their stance in maintaining their overnight rate until sometime in 2023. They have since shifted their position and are now [...]

In this morning’s scheduled rate announcement from the Bank of Canada, they confirmed that they will be maintaining their overnight rate, which is exactly what was expected. No surprises here, [...]

The housing market continues its frenzy as new home purchasers face strong competition in attempt to have their offer accepted. This should not come as any surprise, as its exactly [...]

Anyone who has been actively shopping for a new home can attest to how busy the housing market has become. It’s next to impossible to purchase a property without getting [...]

There are many mortgage professionals who have a specific stance when advising their clients on the choice between fixed and variable rate mortgages. There are some who always recommend variable, [...]

It’s a common belief that the Bank of Canada rate is connected to fixed mortgage rates, however the two are unrelated. We’re seeing a clear example of this in today’s [...]

Last week, it appeared as though the upward trend on fixed mortgage rates had plateaued, and showed possible signs of reversal.  However, the bond yields shot up again at the [...]

Just as expected, the Bank of Canada announced this morning that they will be maintaining their overnight rate.  This is what mortgage lenders use to base their prime rate. When [...]

The title of this blog is a question with an easy answer. Of course they will. But that’s a very loose answer since it does not state ‘when’.  Eventually, we [...]

Mortgage rates have been steadily trending downward since early April 2020, and have fallen a whopping 1.25% since the beginning of the trend. That’s almost 9 months without any rate [...]

With our unemployment rate on the rise, there are many finding themselves wondering how they’re going to make their next mortgage payment. If your income is severely affected by COVID-19, [...]

By the end of the first quarter of 2020, discounts on variable rate mortgages have all but disappeared. During the last financial crisis in 2008, the discounts on variable rate [...]

It’s hard to believe that we are almost a full year into the pandemic. As we adapt to this new way of life, we’re all looking forward to the day [...]

Whether you’re a first time homebuyer, or a seasoned home buying pro, purchasing a new home can be an exciting time. Once your offer has been accepted, the next step [...]

For the latter half of 2020, the Bank of Canada had been adamant that they will be holding their overnight rate steady through to 2023.  No increases, nor decreases.  In [...]

For the majority of 2020, it appeared that the Bank of Canada was going to maintain their overnight rate through 2023.  No increases or decreases. Circumstances can and do change [...]

It seems like it was just yesterday when I thought that the year 2021 sounded futuristic. In fact, it WAS yesterday. It does sound futuristic, doesn’t it? Here we are [...]

I don’t think I have to say that 2020 will be a year that we’ll never forget.  The pandemic has changed the way we live and the way we interact [...]

As expected, the Bank of Canada confirmed this morning that they will be maintaining their overnight rate in their final scheduled rate announcement for 2020. This is the rate mortgage [...]

It’s no secret that mortgages are the largest loans that most people will ever sign their name to. You’re borrowing hundreds of thousands of dollars (or more), yet you sign [...]