Time to get your mortgage on.
Learn how to get a mortgage, buy a home and take control over your finances with insights from mortgage experts.
– 6 mins
Bank of Canada Gone Back To Pausing Rates – What This Means For Mortgage Holders and Homebuyers
The Bank of Canada (BoC) has paused rates once again. The news was not shocking to most financial markets experts, as bond rates have increased significantly since the last rate hike. Although the BoC had put out a hawkish message on the last rate hike curbing Canadian appetite for spending and more credit…
– 6 mins
The Road Ahead for the Canadian Real Estate Market in 2022-2023
Simply put, yes! According to an analysis of the Canadian real estate market by Desjardins, the market will return to normal in 2023 due to estimated sharp price drops. More “normal” than what we’ve been seeing in 2022, at least.
– 11 mins
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 cons, that may make it unsuitable for everyone’s borrowing situation.
– 13 mins
What is a Trigger Rate & How Does it Impact Variable Mortgages?
Since March 2022, the BoC has been increasing its key policy interest rate, bringing it to where it stands today at . This is the highest the policy interest rate has been since 2001. This, in turn, brought most lenders’ prime lending rate, which all prime variable mortgages are priced against in the country, to .