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Variable rate mortgages have historically outperformed fixed rates most of the time. But that doesn’t mean they always win. If they did, then no one would even consider a fixed [...]

It is no big secret that a recession is all but inevitable at this point. The sharp and rapid rate increases from the Bank of Canada in 2022 were far [...]

Immediately following the news on the collapse of Silicon Valley Bank in the US, bond yields plummeted by roughly 19%. This put immediate downward pressure on fixed mortgage rates. But [...]

It’s amazing the impact that news can have on mortgage rates. Up until Thursday of last week there was upward pressure on fixed rates which was building quickly. We had [...]

In this morning’s scheduled rate announcement, the Bank of Canada confirmed that they are leaving their rate where it is. Finally! Exactly what variable rate mortgage holders wanted to hear. [...]

With much stronger employment statistics coming out of both the US and Canada earlier last month, bond yields started to soar which have resulted in fixed mortgage rate increases across [...]

Given the significant increases to mortgage rates over the past year, it may go without saying that many are feeling the pinch. Particularly those in variable rate mortgages and those [...]

In the Bank of Canada’s rate announcement on January 25th, they told us exactly what we wanted to hear. They are pausing rate hikes. Their report stated that they expect [...]

At the beginning of 2022, economists were forecasting that the Bank of Canada's overnight rate would increase four to five times, all at the standard 0.25% per hike. This would [...]

The Bank of Canada increased their policy rate by another 0.25% this morning which should not have come as a surprise.  This means that the prime rate will be increasing [...]

High levels of debt can significantly eat into monthly cash flow which can take a toll on many households. Particularly those who are living paycheque to paycheque. Rising inflation is [...]

Happy New Year! 2022 was another interesting year to say the least. One year ago, it was expected that we would see the Bank of Canada increase rates by 4-5 [...]

Rising mortgage rates have affected the purchasing ability for many prospective homebuyers. Some have found themselves shut out of the market entirely. This problem could be easily solved by making [...]

Rising mortgage rates are a concern to many. Particularly those who are in variable rate mortgages with an adjustable payment (ARM), or for those who have a mortgage that is [...]

This morning was the Bank of Canada’s final rate announcement of the year, where they confirmed that they will be increasing their overnight rate by another 0.50%. This means that [...]

It’s hard to imagine that a 2.49% mortgage rate was considered high just one year ago. We became spoiled with the pandemic driven sub-2% rates available during the latter half [...]

Whether you’re a first-time home buyer or a home buying veteran, mortgage terminology can be confusing and it’s not uncommon for terms to be misused. It can be difficult enough [...]

Back in early 2022, there were forecasts indicating that the Bank of Canada would increase their rate by as much as five times before the end of the year. All [...]

All mortgages are not created equal, and making the wrong choice can end up being a costly or frustrating decision. This is exactly why you should never choose a mortgage [...]

Given that the Bank of Canada has increased their rate by a whopping 3.50% in roughly seven months, it’s only natural to be concerned. Especially considering that they have made [...]

The Bank of Canada announced this morning that they will be increasing their overnight rate by another 0.50%. The overnight rate is what mortgage lenders use to set their prime [...]

Anyone shopping for a new home over the last few years has had their share of frustration navigating through the sea of buyer competition. The rising interest rates have not [...]

With mortgage rates continuing to rise, it’s becoming harder for people to purchase real estate, first time homebuyers especially. There was a time when qualification was based on the actual [...]

When purchasing a new property, you can generally count in it to close on time. Sure, there are some rare exceptions, but they are indeed rare.   Purchasing is one [...]

There are many decisions to make when arranging a new mortgage. Whether to go with a fixed or variable, amortization period, payment frequency, and term length. Prior to mortgage rule [...]