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 lender is looking for, and why they require certain documents, then the majority of those applying for a mortgage will find the process a breeze.  [...]

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 pattern: they have never hiked rates without coming through with a cut within the same 5 year period. The trend continues!  We all knew rate [...]

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 so much talk about the Bank of Canada dropping their rate that many are waiting for the next announcement before they make the decision to [...]

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 no secret that a rate cut is on the horizon, but the million-dollar question is: when and by how much?  The Bank is laser-focused on [...]

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 start plummeting, but at least the upward trend has been broken. Fixed rates have risen by as much as 0.30% over the last few weeks [...]

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 rates, and it’s possible that they could increase even further.   This can sound strange to many. With so much talk about rates dropping, why is [...]

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, fixed mortgage rates will follow suit, dropping by an equivalent margin. However, this assumption doesn't always hold true. While there's a possibility that fixed rates [...]

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 were expecting. This is the first time we’ve seen the number start with a two in almost three years and is exactly what the Bank [...]

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 direction would have been quite shocking.   Four of the big six banks have been forecasting a cut by the end of the 2nd quarter, which [...]

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 path down and there can be some bumps along the way.   While it’s possible that we could still see cuts from the Bank of Canada [...]