About Paul Meredith

Paul Meredith is the author of the Amazon #1 best selling book, Beat the Bank – How to Win The Mortgage Game in Canada, and has ranked as one of the top 75 mortgage brokers in Canada since 2016. He was a finalist for Mortgage Broker of the Year in 2018, and can be seen as the exclusive mortgage broker on season two of TV’s Top Million Dollar Agent.

The Impact of COVID-19 on Mortgage Rates, and What To Expect

By |2020-04-01T18:49:31+00:00April 1st, 2020|Mortgage Rates|

These are definitely crazy times we are going through. Times that we will never forget. Everyone has been impacted by COVID-19 in one way or another. All we can do is adapt to this new way of life and try to support each other as much as we can.   The cononavirus is not only [...]

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Mortgage Rates Continue To Rise – Mortgage Payment Relief Available… But At What Cost?

By |2020-03-25T16:23:23+00:00March 25th, 2020|Mortgage Rates|

Just two weeks ago, we saw some of the heaviest downward pressure on fixed mortgage rates that we had ever seen.  Bond yields, which is what determined fixed rates, hit their all-time low, and it looked as though there was no bottom in sight. It seemed almost certain that we would start to see 5 [...]

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The Choice Between Fixed & Variable Amid The COVID-19 Crisis And Its Impact On Mortgage Rates

By |2020-03-18T16:34:39+00:00March 18th, 2020|Mortgage Rates|

We are currently in uncharted waters. The global pandemic is worsening, which has already resulted in an enormous blow to our economy.  Bars and restaurants are closed. Theatres and sporting venues are closed.  We’re all being asked to work from home and remain in isolation.   This is one of the most challenging times we [...]

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US Fed Cuts Rate to 0% – BOC Slashes Rate…..and More Rate Cuts Expected

By |2020-03-16T14:40:19+00:00March 16th, 2020|Mortgage Rates|

As the coronavirus pandemic worsens, the global economy will be forced further into recession.  At this point, it’s pretty much inevitable.  The Bank of Canada was forced to make an emergency, unscheduled, and massive 0.50% rate cut on Friday, March 13th, which came as shock to everyone. This was in addition to the 0.50% rate [...]

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Fixed Mortgage Rates Plummeting Further

By |2020-03-11T15:32:30+00:00March 11th, 2020|Mortgage Rates|

Last week, we saw the first rate cut by the Bank of Canada in almost 5 years. While a 0.25% rate cut was expected, the BOC came through with a whopping 0.50% cut.  The banks quickly matched the full cut bringing their prime rate down to 3.45%.  Other mortgage lenders then followed.  The cut was [...]

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Finally A Rate Cut By Bank of Canada… And It’s A Big One!  

By |2020-03-04T21:09:50+00:00March 4th, 2020|Mortgage Rates|

It's been a long time in the making, but the Bank of Canada has finally cut their overnight rate! This is something that was expected to happen as soon as spring of last year, but we were met with disappointment with each and every scheduled rate announcement since. This is the first rate cut by [...]

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The Danger of Negotiating a Lower Price After Your Offer Is Accepted

By |2020-02-26T18:36:40+00:00February 26th, 2020|Mortgage Rates|

One thing that we all have in common is that we love getting a deal. If we see an opportunity to save money, then we’ll be all over it!  Purchasing a home is no different of course.  One opportunity to save money when purchasing a home is to negotiate a lower price based on something [...]

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Changes To The Mortgage Stress Test Coming… But Will It Make Any Difference?

By |2020-02-19T18:39:11+00:00February 19th, 2020|Mortgage Rates|

With the real estate market heating up, it’s about to get hotter with new changes to the mortgage stress test becoming reality.    But is this really true?  There was some talk of potential changes to the mortgage stress test back in December of 2019, however the proposed changes were not clear.  Canadian Finance Minister [...]

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Why You Should Never Choose A Mortgage Based on Rate Alone

By |2020-02-12T22:37:31+00:00February 12th, 2020|Mortgage Rates|

Everyone wants to find the lowest mortgage rate. There is a level of personal satisfaction and gratification that comes with finding the best deal. You may even land such a great deal that you can’t help but brag to all of your friends, co-workers and family about it!   In fact, I encourage you to [...]

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How to Calculate Savings Between Two Mortgage Rate Options

By |2020-02-05T18:26:38+00:00February 5th, 2020|Mortgage Rates|

You’re shopping for a mortgage, and are presented with two different mortgage options, both with different rates and different features. The first thing you do is attempt to calculate the difference in cost between the two options.  What many will do is look at the difference in payment and then multiply that over the term [...]

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