How One Client Slashed Their Debt and Took Back Control

By |2025-07-02T21:28:28-04:00July 2nd, 2025|Mortgage Rates|

When Mike and Suzanne sat down to look at their finances, the mood was tense. Between raising two small children, juggling careers, and managing the costs of everyday life, their debt had quietly crept up over the years… and it was costing them a small fortune:  Debt Type Balance Owing Interest Rate Monthly Payment Credit [...]

The Cottage Mortgage Guide Every Buyer Needs to Read

By |2025-06-25T19:29:36-04:00June 25th, 2025|Mortgage Rates|

Thinking about buying a cottage? There’s nothing like escaping the city for weekends by the lake… campfires, tubing, wakeboarding, fishing, and family memories just steps from your door. Some of my fondest childhood moments were made at the cottage. But before you start your search, it’s important to understand how mortgage financing works for cottage [...]

The Next Move from the Bank of Canada

By |2025-06-18T20:13:49-04:00June 18th, 2025|Mortgage Rates|

After a streak of seven consecutive rate cuts, the Bank of Canada has hit the pause button… not once, but twice. With the next announcement set for July 30, the mortgage world patiently (or impatiently) awaits. Will the BoC resume its cuts? Will they pause for the third time in a row? Or are we [...]

5 Key Things to Consider Before Renewing Your Mortgage

By |2025-06-11T17:34:59-04:00June 11th, 2025|Mortgage Rates|

Renewing your mortgage might seem simple. Your lender sends you a form, you sign and and send it back. That’s it, you’re done!   We’re all busy and sometimes this seems like the right choice. After all, now it’s out of your hair and you don’t need to worry about it for another 3-5 years.  But [...]

Bank of Canada Holds Rates: Inflation Keeps Cuts on Ice

By |2025-06-04T18:05:08-04:00June 4th, 2025|Mortgage Rates|

In its fourth scheduled announcement of 2025, the Bank of Canada (BoC) has held the overnight lending rate steady for the second time in a row. Many had expected this to be the meeting where rate cuts would resume following April’s pause. But those hopes were dashed after a stronger-than-expected inflation report from Statistics Canada [...]

Don’t Make This Expensive Mistake When Shopping for a Mortgage

By |2025-05-28T18:13:31-04:00May 28th, 2025|Mortgage Rates|

It’s one of the most common and costly mistakes we see borrowers make: holding off on applying for a mortgage while chasing that elusive “lowest rate.” It seems smart on the surface—why rush when you can keep shopping around? But in today’s volatile rate environment, this strategy can backfire hard. Here’s the truth no one [...]

Why Mortgage Rates are Rising Despite Falling Inflation

By |2025-05-21T20:50:27-04:00May 21st, 2025|Mortgage Rates|

At first glance, April’s inflation data might seem like good news: CPI inflation dropped to 1.7%, down from 2.3% in March. That decline has been largely credited to the elimination of the carbon tax, which helped lower prices at the pump. Lower inflation sounds positive, but the real story is more complex, and unfortunately, not [...]

Mortgage Rates in 2025: Navigating Uncertainty in a Shifting Landscape

By |2025-05-07T18:19:28-04:00May 7th, 2025|Mortgage Rates|

Spring is in the air… and so is confusion.  While trees are budding and patios are filling up, mortgage rate predictions are bouncing around like a squirrel on espresso. Thanks (or no thanks) to Donald Trump’s ever-changing stance on tariffs—and just about everything else—economic forecasts are in constant flux. And when the U.S. sneezes, the [...]

3-Year vs 5-Year Fixed: The Mortgage Shift No One’s Talking About

By |2025-05-01T09:18:50-04:00April 30th, 2025|Mortgage Rates|

Out of all available mortgage products, the 5-year fixed has historically been the most popular among mortgage borrowers. However, that changed roughly three years ago when 3-year fixed mortgage rates took the crown for the most popular mortgage product by a landslide.  Why?  Because rates were expected to drop, and locking into a shorter term [...]

5 Smart Ways to Maximize Savings on Your Mortgage

By |2025-04-24T11:54:05-04:00April 23rd, 2025|Mortgage Rates|

Let’s face it—nobody wants to overpay for anything, especially not the biggest loan they’ll likely ever take on. And while getting the lowest mortgage rate seems like a no-brainer strategy to save money, it's not the whole picture. Mortgages aren’t just about numbers—they’re machines full of moving parts, and unfortunately, banks are the ones who [...]

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