Variable Rate Mortgage – You could be running the risk of over-amortization on your mortgage.
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Home Buying
Featured articles #Home Buying
Bank of Canada Rate - Managing Expectations for the Announcement on December 7th
As a result of Bank of Canada’s economic tightening, home prices have fallen an average of 18% in price from the start of their slowdown. What’s more notable, is that some regions in Canada have even more impacts on home…
Featured articles #Home Buying
Should I Invest in a Down Payment or Retirement in my Early 20s
Financial planning in your early 20s can be very stressful. You finally have a steady income from your first full-time job, you’re making enough money to set a little aside, and you’re thinking about your future. So, what’s the next…
Loan Types
Mortgage Basics #Home Buying #Loan Types
What is a Trigger Rate & How Does it Impact Variable Mortgages?
One of the key focuses in 2022 is around the Bank of Canada (BoC) and its interest rate announcements. For those that may have missed it, since March 2022, the BoC has been increasing its key policy rate, and on…
Mortgage Basics
Featured articles #Mortgage Basics
A Definitive Guide To Short Term Fixed Rate Mortgages
Many borrowers have recently opted for a short-term mortgage versus the ever-popular 5-year fixed rate mortgage. This blog post explores the reasons behind this shift and if it is suitable for everyone. Picking a short-term has its risk factors, pros and…
Real Estate
Featured articles #Real Estate
Why Inflation Numbers Don’t Reflect the Housing Market
The pandemic has shown phenomenal growth in all types of home valuations throughout North America. Pandemic-related economic disruptions such as demand, surging building costs, and other long-term supply restrictions in the housing market have contributed to record price escalation. In…
Featured articles #Mortgage Basics #Real Estate
Which Canadian Cities are Most Impacted by the BoC Rate Hikes?
Key Highlights The Bank of Canada’s October interest rate hike intends to curb out-of-control inflation but it doesn’t seem to be affecting inflation rates yet. Canadians living in large metropolitan cities will see higher rates of inflation overall. The highest…
Featured articles #Real Estate
What Factors Can Cause a Housing Bubble in Toronto?
Key Highlights Toronto is sitting on a dangerous housing bubble that’s affecting the entire metropolitan area. Experts warn the housing bubble is about to burst, potentially crashing the city’s real estate market. Toronto’s housing supply is very low while demand…
Renewal and Refinancing
Featured articles #Mortgage Basics #Renewal and Refinancing
Short term fixed rate mortgages: How nesto beats the banks
Significant upward movements in rates caused many borrowers who are up for renewal or have a pending purchase on the horizon to ditch longer term rates for short term fixed rate mortgages. Big banks have increased their short term rates as…
Renewal and Refinancing #Mortgage Basics
Costs of Refinancing in Canada
Key Takeaways You can refinance your mortgage early to benefit from a lower interest rate, or access equity in your home.Refinancing can help you access equity in your home for things like home improvements, debt consolidation, or buying a second…
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