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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 [...]

One of the most common questions I get is whether it’s better to go with a fixed or a variable rate mortgage. History has shown variable to win out over [...]

On September 7th, the Bank of Canada increased their rate by another 0.75% which was not surprising. Two of the big six banks (CIBC and National Bank) were not anticipating [...]

The Bank of Canada announced this morning that they will be increasing their overnight rate by another 0.75%. This means that prime rate will rise from 4.70% to 5.45%, which [...]

If you are in a true variable rate mortgage, your payment will remain unchanged for the term. This can give peace of mind to many as it guarantees a predictable [...]

The Bank of Canada has increased their overnight rate by 2.25% since March, and they are not finished yet. Their next scheduled rate announcement is on September 7th where they [...]

While starting or growing a family can be an exciting time, it represents a big change in your life. It can also bring on new challenges such as additional expenses [...]

Contrary to popular belief, lenders are not making hundreds of thousands of dollars off your mortgage. You might think that they are laughing all the way to the bank when [...]

With the prime rate increasing by 2.25% since March, it’s only natural that many are worried about how much higher it will go. There is no shortage of doom and [...]

Since October 2021, fixed mortgage rates have been stuck a seemingly never-ending upward trend resulting in increases of more than 3.00%. Fortunately, it looks as though the upward trend has [...]

If you’re like most homebuyers, you got preapproved to find out how much you will qualify for prior to shopping for your new home.  Having a solid preapproval in place [...]

It was widely anticipated that the Bank of Canada would increase its key policy rate by as much as 0.75% in this morning’s scheduled announcement. However, they shocked the market [...]

Since the beginning of year, almost every piece of mortgage related news has been about increasing rates. As fixed mortgage rates have increased by roughly 3.00% since the fall, it’s [...]

The question that many have on their minds is how much higher will rates go. Fixed mortgage rates have increased by roughly 3.00% since the September 2021 while the prime [...]

If you are worried about rising mortgage rates than you are not alone. Fixed mortgage rates have increased by more than 3% since September 2021. Prime rate has increased by [...]

The Bank of Canada has increased their rate by 1.25% since the beginning of the year and are not finished. The next scheduled rate announcement is on July 13th when [...]

One of the biggest mistakes that people make when their mortgage is coming up for renewal is to re-sign with their current lender without looking into other options. It’s super [...]

The Bank of Canada announced this morning that they will be increasing their key policy rate by another 0.50%. This means that we can expect the prime rate to increase [...]

Mortgage rates are always a hot topic of conversation, especially when they are on the move. As fixed mortgage rates have increased by more than 2% since September 2021, the [...]

With real estate prices as high as they are, qualifying for the required mortgage can be challenging for many people. One advantage to using a mortgage broker is that we [...]

There are many things to consider when choosing between a fixed or variable rate mortgage. As of recently, you can add the mortgage amount you qualify for to that list. [...]