The Bank of Canada continued their predictable and rather boring trend of uneventful rate announcements this morning, confirming that there will be no change to their overnight rate. Even though predictable, it’s good news to find the rate unchanged given that the next move from the BOC will be upward. The overnight rate is important [...]

One of the most common questions I get is what can be expected from mortgage rates moving forward. We’re now enjoying some of the lowest mortgage rates in history, but how long will this last? Fixed mortgage rates have been relatively stable for much of 2021. The exception is late February, early March when we [...]

Unless you’re new to the world of mortgages, you’re likely aware that the minimum down payment to avoid mortgage default insurance is 20%. What many may not be aware of is that a down payment of greater than 20% down payment will sometimes be required. For the most part, 20% will be sufficient. However, there [...]