Category: Mortgage (120 posts)
- May 4, 2025 @ 5:47 PM
- Posted by Roar Admin
Mortgage Renewals in Early 2025 – Where Might Rates End Up?
A friendly guide for Canadian homeowners who are about to renegotiate one of the biggest contracts of their lives. Introduction - Why Everyone Is Talking About 2025 Renewals If your mortgage is co
- April 16, 2025 @ 9:58 AM
- Posted by Roar Admin
April 16 - 2025 - Bank of Canada holds policy rate at 2.75%
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The major shift in direction of US trade policy a
- April 5, 2025 @ 1:36 PM
- Posted by Roar Admin
Tariffs and Their Effect on Interest Rates: What Canadian Homeowners Should Know
You might be surprised to learn how tariffs-taxes on imported goods-can affect your mortgage or home-buying plans. Tariffs can indirectly influence interest rates, which impacts mortgage payments and
- March 26, 2025 @ 12:06 PM
- Posted by Roar Admin
Spring Market Outlook: What Buyers and Homeowners Need to Know
Spring is here, and with it comes one of the busiest times in the Canadian housing market. As the snow melts and For Sale signs start popping up, many buyers and sellers are wondering: what's the mark
- March 21, 2025 @ 9:25 AM
- Posted by Roar Admin
Pros & Cons of Paying Off Your Mortgage Before Retirement
If retirement is approaching, you may be considering whether it's wise to pay off your mortgage early. As with many significant financial decisions, there isn't a one-size-fits-all answer. However,
- March 12, 2025 @ 9:15 AM
- Posted by Roar Admin
March 12-2025 - Bank of Canada reduces policy rate by 25 basis points to 2.75%
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 in a solid position, with infl
- March 7, 2025 @ 9:42 AM
- Posted by Roar Admin
Mortgage Renewal Coming UP and rates higher than 5 yrs ago - Consider increasing your amortization?
If your mortgage renewal date is approaching, it's important to take action. You might notice something that's hard to ignore: interest rates are significantly higher now than five years ago. You're n
- February 26, 2025 @ 9:59 AM
- Posted by Roar Admin
How will tariffs potentially affect Interest rates
As a mortgage broker in Canada, I often get questions about how global economic events might affect our financial landscape, particularly when it comes to interest rates and the cost of borrowing. One
- February 21, 2025 @ 12:38 PM
- Posted by Roar Admin
Navigating Uncertainty: How trade tensions could impact mortgages, housing, and rates
With trade wars and tariffs dominating the headlines recently, many are wondering what effect this could have on the housing market. Lower interest rates offer some relief but we're now facing the pot
- February 5, 2025 @ 12:44 PM
- Posted by Roar Admin
Is Now the Right Time to Refinance Your Mortgage?
With interest rates in Canada decreasing, many homeowners are considering whether this may be the ideal time to refinance. Refinancing involves replacing your current mortgage with a new one, idea
- January 29, 2025 @ 12:38 PM
- Posted by Roar Admin
Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%. The Bank is also announcing its plan to complete the no
- January 21, 2025 @ 12:48 PM
- Posted by Roar Admin
Fixed-Rate vs. Adjustable-Rate Mortgages: Which Might Be Right for You?
Hello there, and welcome! As a mortgage broker here in Canada, I know that diving into the world of mortgages can feel like stepping into a labyrinth of numbers and jargon. Today, let's have a fri
- December 16, 2024 @ 8:43 AM
- Posted by Roar Admin
Government announces boldest mortgage reforms in decades to unlock homeownership for more Canadians
Canadians work hard to be able to afford a home. However, the high cost of mortgage payments is a barrier to homeownership, especially for Millennials and Gen Z. To help more Canadians, particularly
- December 11, 2024 @ 9:10 AM
- Posted by Roar Admin
Dec 11-2024 - Bank of Canada reduces policy rate by 50 basis points to 3.25%
The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3¾% and the deposit rate at 3¼%. The Bank is continuing its policy of balance sheet norma
- November 23, 2024 @ 10:21 AM
- Posted by Roar Admin
Six reasons to work with an expert on your mortgage renewal
Given the large financial commitment of a mortgage, it's surprising that so many homeowners go on auto-pilot when it's time renew. Of course, your lender wants your repeat business and their renewal l
- November 4, 2024 @ 9:05 AM
- Posted by Roar Admin
Unlocking Home Ownership: What Canadian Homebuyers Need to Know About Property Value
The Canadian dream of home ownership is evolving. With fluctuating property values and shifting market dynamics, understanding the real estate landscape is more crucial than ever for prospective hom
- October 24, 2024 @ 8:53 AM
- Posted by Roar Admin
Mortgage Reforms Announced by the Government of Canada
I'm excited to bring you the latest edition of my newsletter, packed with important updates and tips to help you stay informed and empowered in your homeownership journey! This month, I'm coverin
- October 23, 2024 @ 10:51 AM
- Posted by Roar Admin
October 23-2024: Bank of Canada reduces policy rate by 50 basis points to 3.75%
The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is continuing its policy of balance sheet normalization. Th
- October 8, 2024 @ 10:01 AM
- Posted by Roar Admin
Is a Reverse Mortgage Right for You?
A reverse mortgage is a great financial tool for homeowners over 55 who want to stay in their homes while accessing the value they've built up over the years. It provides additional income, eliminates
- September 20, 2024 @ 12:20 PM
- Posted by Roar Admin
Be Prepared! Expert Tips for Mortgage Renewal Success
Recent data from Mortgage Professionals Canada shows that 23% of all Canadian mortgage holders will renew their mortgage within the next year, and a staggering 50% will renew within two years. &nb
- September 6, 2024 @ 8:59 AM
- Posted by Roar Admin
With Lower Interest Rates, Is Now a Good Time to Refinance My Mortgage?
With interest rates dropping, many homeowners ask the same question: Is now the right time to refinance my mortgage?* The simple answer? It could be! But as with most financial decisions, a few factor
- September 4, 2024 @ 10:36 AM
- Posted by Roar Admin
Sept 4th, 2024 - Bank of Canada reduces policy rate by 25 basis points to 4.25%
The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. T
- August 23, 2024 @ 10:54 AM
- Posted by Roar Admin
How Lower Interest Rates Could Benefit Canadian Homeowners: Is Now the Time to Refinance?
As a Canadian homeowner, you're probably hearing a lot of buzz about falling interest rates. You might be wondering, "Is this the right time to refinance my mortgage?" The short answer is, it could be
- August 21, 2024 @ 1:35 PM
- Posted by Roar Admin
How bond yields impact fixed mortgage rates
In the ever-evolving landscape of mortgage financing, it's crucial to understand how external financial factors can influence mortgage rates. One significant factor is the bond market, both in Canada
- August 8, 2024 @ 12:51 PM
- Posted by Roar Admin
What are Alternative Mortgage Lenders?
In the dynamic world of real estate, securing a mortgage can often be daunting, especially for individuals with unique financial situations. This is where alternative mortgage lenders come into play
- July 24, 2024 @ 9:01 AM
- Posted by Roar Admin
July 7, 2024 - Bank of Canada reduces policy rate by 25 basis points to 4.5%
The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. T
- July 8, 2024 @ 8:54 AM
- Posted by Roar Admin
7 Things to Know When You Are Looking to Purchase a Cottage or Vacation Home
Purchasing a cottage or vacation home can be an exciting venture, offering a perfect getaway from the hustle and bustle of city life. However, it's essential to approach this purchase with careful con
- June 21, 2024 @ 9:29 AM
- Posted by Roar Admin
7 Smart Strategies to Help Save Money on Your Mortgage
Hello, and welcome to our blog! If you're reading this, chances are you're looking for ways to make your mortgage more manageable. Whether you're a first-time homebuyer or a seasoned homeowner, findin
- June 7, 2024 @ 10:12 AM
- Posted by Roar Admin
How Lower Interest Rates Can Impact Your Mortgage: Insights for Canadians
The Bank of Canada recently made headlines by lowering its interest rates for the first time in over two years. This decision has significant implications for Canadians, particularly t
- June 5, 2024 @ 9:24 AM
- Posted by Roar Admin
June 5 - 2024 - Bank of Canada reduces policy rate by 25 basis points
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.
- May 23, 2024 @ 11:00 AM
- Posted by Roar Admin
When to Consider a Private Mortgage: A Guide for Canadian Homebuyers
Navigating the world of Canadian mortgages can be scary, especially when traditional lenders, like banks and credit unions, close their doors. This is where private mortgages come into play. For
- May 9, 2024 @ 9:55 AM
- Posted by Roar Admin
Home improvement: Which projects boost your property value?
For many homeowners, home improvements aren't just about creating a more comfortable living space - they're also key to boosting property value. Here are the home improvement projects that offer the h
- May 8, 2024 @ 12:42 PM
- Posted by Roar Admin
5 Great Ways to Improve Your Credit Score
As a mortgage professional, we often work with clients who are eager to improve their credit scores. A higher credit score not only increases your chances of getting approved for a mortgage bu
- April 24, 2024 @ 9:37 AM
- Posted by Roar Admin
RRSP Home Buyers Plan
In 2024, the Canadian government made significant changes to the Registered Retirement Savings Plan (RRSP) Home Buyers' Plan (HBP), aiming to make homeownership more accessible, particularly for
- April 10, 2024 @ 2:08 PM
- Posted by Roar Admin
Paying off your mortgage early - The Pros and Cons
Certainly! Paying off your mortgage early is a significant financial decision that many Canadians grapple with. It can be an appealing goal, offering both financial freedom and peace of mind. That sai
- April 10, 2024 @ 9:51 AM
- Posted by Roar Admin
April 10-2024 - Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The Bank e
- March 27, 2024 @ 10:07 AM
- Posted by Roar Admin
The Impact of Canadian Economic Trends on Mortgage Rates: What You Need to Know
Navigating the world of mortgages can sometimes feel like trying to predict the weather in Canada: just when you think you've got it figured out, things change. But unlike the weather, understanding
- March 20, 2024 @ 9:25 AM
- Posted by Roar Admin
Unlocking the Door to Home Ownership: Simple Tips to Boost Your Credit Score
Hello, homebuyers and financial enthusiasts! Today, we're diving into a topic that's as crucial as it is misunderstood: your credit score. Think of your credit score like a key. The higher it is, the
- March 8, 2024 @ 9:21 AM
- Posted by Roar Admin
Time to spring forward with your mortgage goals!
As the days grow longer, we warmly welcome the arrival of spring – a season of renewal and growth. Just as we set our clocks forward for daylight saving time, it's a perfect moment to take proactive s
- March 6, 2024 @ 9:14 AM
- Posted by Roar Admin
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global e
- February 10, 2024 @ 6:12 PM
- Posted by Roar Admin
Managing Your Mortgage Renewal in a High-Rate Environment
Hello homeowners. With interest rates higher than they have been in many years, many of you might be anxious about your upcoming mortgage renewal. It's completely understandable, and you're not alon
- February 9, 2024 @ 12:20 PM
- Posted by Roar Admin
RRSP contributions, home equity, and mortgage strategies to build wealth
As we find ourselves in the midst of RRSP season, it's an opportune time for homeowners like you to evaluate how your property can be a pivotal asset in boosting your financial growth. The deadline fo
- January 24, 2024 @ 9:00 AM
- Posted by Roar Admin
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global e
- January 15, 2024 @ 9:22 AM
- Posted by Roar Admin
Bank of Canada's 2024 Outlook: A Year of Consideration
Bank of Canada's 2024 Outlook: A Year of Consideration Happy New Year! I hope you had a wonderful holiday season and are ready to embark on a prosperous 2024. As we usher in the new year, I want to
- January 3, 2024 @ 11:17 AM
- Posted by Roar Admin
Should I break my mortgage early?
The house you've had your eye on for years comes up for sale and you jump at it, interest rates have dropped or another lender is offering you what appears to be a better deal, you've recently gone th
- December 19, 2023 @ 9:16 AM
- Posted by Roar Admin
Navigating High Interest Rates: Strategies for New Home Buyers Across Canada
Introduction In today's economic landscape, we're seeing a trend that can be quite intimidating for anyone looking to step into the world of home ownership – high interest rates. But fear not! This b
- December 14, 2023 @ 12:26 PM
- Posted by Roar Admin
Navigating Your Mortgage: Practical Tips from the Experts
Managing a mortgage is a journey that requires careful navigation. Mortgage brokers understand the challenges and uncertainties homeowners face when it comes to their mortgage payments. Today's e
- December 7, 2023 @ 9:03 AM
- Posted by Roar Admin
Exploring Mortgage Amortization Extensions
Recent inflation numbers indicate that inflation is slowing, and many economists are saying that the most recent drop in the inflation rate will give the Bank of Canada the slack that it needs to hit
- December 6, 2023 @ 9:17 AM
- Posted by Roar Admin
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The
- December 3, 2023 @ 5:38 PM
- Posted by Roar Admin
Navigating the New Normal: How Remote Work is Reshaping the Canadian Mortgage and Real Estate Landscape
In recent years, we've witnessed a seismic shift in our work lives, notably the rise of remote work catalyzed by the COVID-19 pandemic. This change isn't just about swapping office desks for dinin
- November 23, 2023 @ 8:12 AM
- Posted by Roar Admin
Canada's New Updated Mortgage Charter
The Canadian Mortgage Charter spells out the rights consumers have when they are renegotiating mortgages. It calls on financial institutions to provide better relief measures over the next three y
- November 15, 2023 @ 11:58 AM
- Posted by Roar Admin
Understanding Fixed vs. Variable Rate Mortgages
If you're on the cusp of getting a mortgage, or if you're considering refinancing, you've likely encountered the terms "fixed rate" and "variable rate" mortgage. These are the two primary pathways i
- November 9, 2023 @ 8:53 AM
- Posted by Roar Admin
Home Equity: Refinancing or Second Mortgage
Home Equity: Refinancing or Second Mortgage Considering the 2023 housing market's dynamics, with its high interest rates and market unpredictability, let's discuss the significance of home equity.
- November 2, 2023 @ 10:15 AM
- Posted by Roar Admin
6 things to know about capital gains and taxes for people across Canada
So, you made some cash selling your property or stocks at a higher price than you bought them for? High five! But before you start celebrating, there's this thing called capital gains that might show
- October 25, 2023 @ 9:37 AM
- Posted by Roar Admin
Bank Of Canada Rate Update October 25, 2023
Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%
- October 24, 2023 @ 10:31 AM
- Posted by Roar Admin
Mortgage Strategies in a Rising Interest Rate Environment
Hello dear readers, Let's have a coffee chat, shall we? If we were sitting in a cozy café, sipping on lattes (or your beverage of choice), today's hot topic of conversation would undoubtedly revolv
- October 6, 2023 @ 2:04 PM
- Posted by Roar Admin
Leveraging Your Home Equity to Help Purchase a Home For Your Children: A Prudent Move?
Navigating Parental Assistance in Home Purchases The concept of parents aiding their children in stepping onto the property ladder is not a new one yet it is not ubiquitously adopted. A 2021
- October 1, 2023 @ 8:28 AM
- Posted by Roar Admin
Understanding and Utilizing Home Equity
If you've consistently made mortgage payments over the years, you've been accumulating home equity. As this equity grows, homeowners can access it, converting it into cash for various purposes, from h
- September 17, 2023 @ 12:03 PM
- Posted by Roar Admin
Can a first-time home buyer have a mortgage co-signer?
Can New Home Buyers in Canada Use a Mortgage Co-Signer? Struggling to secure a mortgage or need a financial boost? Consider bringing in a co-signer. Dive deeper into this and other home-buying tact
- September 7, 2023 @ 11:02 AM
- Posted by Roar Admin
Demystifying Credit Scores
These days, like so many things, your credit score is easily accessible and free. Not so long ago, the only way to see your credit score was to obtain a copy of your credit report, which involved subm
- September 6, 2023 @ 9:27 AM
- Posted by Roar Admin
Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Infla
- August 23, 2023 @ 10:37 AM
- Posted by Roar Admin
Top Reasons To Refinance Your Home And Reasons Why You Maybe Should Not.
Refinancing a mortgage means replacing your existing loan with a new one, either with your current lender or a different one. Canadians often consider refinancing for various reasons, such as
- August 5, 2023 @ 8:24 AM
- Posted by Roar Admin
Navigating High-Interest Rates and Inflation: Your Path to Mortgage Resilience
Introduction As your trusted mortgage broker, I understand that the current economic backdrop in Canada is presenting challenges for many homeowners. With interest rates on the rise and inflation p
- July 27, 2023 @ 9:29 AM
- Posted by Roar Admin
Understanding Credit Scores and Maximizing Mortgage Opportunities in Canada
Introduction In Canada, your credit score plays a crucial role in your financial life, especially when it comes to major transactions like securing a mortgage. A credit score is a numerical r
- July 12, 2023 @ 11:01 AM
- Posted by Roar Admin
Bank of Canada raises policy rate 25 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Gl
- July 11, 2023 @ 9:47 AM
- Posted by Roar Admin
Smart move: bridge financing provides a smooth transition between mortgages
Summer is officially in full swing which means vacation time, backyard barbecues, pool parties, etc., but summer is also "moving season". If you're one of the many Canadians who will be moving t
- June 13, 2023 @ 6:28 PM
- Posted by Roar Admin
Some great tips to help you save for a home
A home for most all Canadians is likely the most significant purchase you will make in your lifetime, so it is essential to be well-prepared. It is crucial to understand how to budget and save for
- June 9, 2023 @ 9:16 AM
- Posted by Roar Admin
Renewing in a higher rate environment
I've been getting a lot of questions lately about mortgage renewals – not surprising, given the steady rise of mortgage rates over the last couple of years. People with mortgages renewing in 2023 and
- June 3, 2023 @ 10:14 AM
- Posted by Roar Admin
Strategies for Speeding Up Mortgage Repayment
Those of us who desire to own a home often long for the time when our mortgage is paid off. Although the majority of Canadian mortgages are usually amortized over the course of 25 years, there are a
- May 15, 2023 @ 8:31 AM
- Posted by Roar Admin
Learning about the new First Home Savings Account (FHSA) program
With the market starting to stabilize, and in many markets housing prices starting to rise again, maybe you or someone you know is looking at purchasing their first home before home prices rise too mu
- April 20, 2023 @ 4:32 PM
- Posted by Roar Admin
First-Time Home Buyer Budgeting: What You Need to Know
As a first-time home buyer, budgeting is an essential part of the home buying process. By carefully planning your finances and considering all of the costs associated with purchasing a home, you can e
- April 12, 2023 @ 9:21 AM
- Posted by Roar Admin
Bank Of Canada Rate Update April 12, 2023
Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4.
- April 5, 2023 @ 5:16 PM
- Posted by Roar Admin
What first-time homebuyers can expect with the new tax-free First Home Savings Account
Since it was proposed in the 2022 Federal Budget, we've learned more details about this exciting new program aimed at helping first-time homebuyers purchase a home. The bill is
- March 9, 2023 @ 8:24 PM
- Posted by Roar Admin
Four Ways to Take Control and Thrive in a Challenging Market
If you're struggling financially as a result of increased living expenses and interest rates, you are not alone. A lot of Canadians are feeling a little helpless these days, with talk of rising intere
- March 8, 2023 @ 3:20 PM
- Posted by Roar Admin
Bank of Canada Rate Update March 8, 2023
Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at
- March 5, 2023 @ 8:07 PM
- Posted by Roar Admin
Selling Your Home in the Winter: How You Can Make the Most of It
Selling your home in the winter can be a challenging task, but it can also be an opportunity to stand out in a crowded market. With fewer houses on the market and motivated buyers who are eager to mov
- February 27, 2023 @ 1:35 PM
- Posted by Roar Admin
Title insurance and home insurance–protect what matters most
When something goes wrong with your home and you suffer a loss, you need to be able to rely on your insurance coverage. Knowing which of your insurance policies to turn to isn't always easy. Title ins
- February 10, 2023 @ 4:34 PM
- Posted by Roar Admin
Where is the housing market going in 2023?
With 2023 underway, and the latest Bank of Canada rate increase to 4.5%, combined with the stress of the increased cost of living on Canadian households, the questions that are on everyone's minds are
- January 25, 2023 @ 3:40 PM
- Posted by Roar Admin
Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.
- January 5, 2023 @ 3:35 PM
- Posted by Roar Admin
This year create financial resolutions that you can stick to
A new year brings a host of new year's resolutions. It's very common for people to make these resolutions around family, friends, eating better, or even the cliché going to the gym more. This year, en
- December 28, 2022 @ 10:16 PM
- Posted by Roar Admin
Should You Spend the Full Mortgage Amount You're Approved For?
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not
- December 8, 2022 @ 8:17 PM
- Posted by Roar Admin
The Pros and Cons of Fixed vs. Variable Mortgages
When it comes to choosing a mortgage, borrowers in Canada have two main options: a fixed rate mortgage or a variable mortgage. But which type is best for you? Here, we'll take a look at the pros and c
- December 8, 2022 @ 5:54 PM
- Posted by Roar Admin
The Pros and Cons of Locking In your Mortgage Rate
The Pros and Cons of Locking In The holiday season is upon us, bringing an end to a tumultuous year. 2022 saw inflation reach levels not seen for 40 years, followed by substantial interest rate hik
- December 7, 2022 @ 7:58 PM
- Posted by Roar Admin
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening.
- November 3, 2022 @ 1:32 PM
- Posted by Roar Admin
Thinking of buying? Don't be put off by high rates.
2022 has already been tough on Canadians' wallets, and recent economic data shows the pain is unlikely to end soon. Inflation continues to run hot, and on October 26 the Bank of Canada further r
- October 26, 2022 @ 4:00 PM
- Posted by Roar Admin
Bank of Canada Rate Update October 26, 2022
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.75%, with the Bank Rate a
- October 19, 2022 @ 5:28 PM
- Posted by Roar Admin
Best Ways to Plan for Your Down Payment
Best Ways to Plan for Your Down Payment Do mortgages seem unaffordable? These tips will help you plan for your down payment so you can start talking to a private lender mortgage broker in no time.
- October 11, 2022 @ 2:14 PM
- Posted by Roar Admin
A fresh look at the opportunities in today's housing market from a mortgage perspective
When news reports present a consistently gloomy view of rising rates and the distinctly negative impact on the housing market, it's easy to feel discouraged. But the news frequently doesn't tell the f
- September 16, 2022 @ 9:33 PM
- Posted by Roar Admin
How Mortgage Rates Affect Buying Power?
How Mortgage Rates Affect Buying Power? Do You Know How Your Mortgage Rate Affects Buying Power? To maximize your purchasing power, you should understand how interest rates impact your home buying p
- September 8, 2022 @ 2:22 PM
- Posted by Roar Admin
A look at how rate increases impact different mortgage types
With inflation at its highest level in almost 40 years, the Bank of Canada continues to take drastic action to cool the economy with the latest of five consecutive rate increases announced on Septembe
- September 7, 2022 @ 4:02 PM
- Posted by Roar Admin
Bank Of Canada Rate Update September 7, 2022
Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.25%, with the Bank Rate
- August 24, 2022 @ 8:34 PM
- Posted by Roar Admin
Should You Pay Off Your Mortgage Early?
It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will explore some o
- August 4, 2022 @ 1:44 PM
- Posted by Roar Admin
Budgeting for Inflation
If you thought the end of the pandemic would bring a return to economic normalcy, 2022 has certainly been surprising. Summer has seen inflation return to the forefront of consumers' economic worries f
- July 13, 2022 @ 6:05 PM
- Posted by Roar Admin
Bank Of Canada Rate Update July 13, 2022
Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 2.5%, with the Bank Rate
- July 7, 2022 @ 5:20 PM
- Posted by Roar Admin
Mortgage Fundamentals for Home Purchases
Mortgage Fundamentals for Home Purchases With interest rates continuing to rise, and housing markets beginning to cool, if you're considering a home purchase anytime soon, it's a good idea to revisit
- July 7, 2022 @ 1:42 PM
- Posted by Roar Admin
Mortgage Fundamentals for Home Purchases
With interest rates continuing to rise, and housing markets beginning to cool, if you're considering a home purchase anytime soon, it's a good idea to revisit some mortgage fundamentals to ensure you'
- June 3, 2022 @ 7:56 PM
- Posted by Roar Admin
How Rising Rates Can Affect Your Mortgage
The one-two-punch of supply chain issues and the war in Ukraine has pushed inflation in Canada to its highest level in 30 years and spurred the Bank of Canada to move toward a tighter monetary polic
- June 1, 2022 @ 3:54 PM
- Posted by Roar Admin
Bank Of Canada Rate Update June 1, 2022
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at
- May 26, 2022 @ 6:24 PM
- Posted by Roar Admin
How a Mortgage Pre-Approval Can Protect You from Rising Rates
With interest rates rising, it's important to lock in a lower rate as soon as possible. You can do this with the right home mortgage pre-approval. Find out how! Do you plan on searching for and buy
- May 5, 2022 @ 9:06 PM
- Posted by Roar Admin
The Tax Free First Home Savings Account (FHSA) explained
The Tax Free First Home Savings Account (FHSA) explained If you or someone you know is saving for a down payment on their first home, the Federal government announced a new program aimed at first-tim
- May 4, 2022 @ 5:30 PM
- Posted by Roar Admin
How is a Private Mortgage Different Than a Traditional Bank Mortgage
Understanding the difference between private mortgages and traditional bank mortgages can help you make the best decision for financing a new home. Each option provides the money to secure real estate
- April 13, 2022 @ 4:49 PM
- Posted by Roar Admin
Bank Of Canada Rate Update April 13, 2022
Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼%
- March 9, 2022 @ 4:17 PM
- Posted by Roar Admin
Higher Interest Rates are Here. What Does That Mean for You?
The Bank of Canada has been signaling for a while now that they will respond to inflation by raising interest rates. Sure enough, on March 2nd they announced a hike in the overnight rate by 0.25%. H
- March 2, 2022 @ 3:47 PM
- Posted by Roar Admin
Bank Of Canada Rate Update March 2, 2022
Bank of Canada Increases Policy Interest Rate The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is continuin
- January 26, 2022 @ 4:37 PM
- Posted by Roar Admin
Bank Of Canada Rate Update January 26, 2022
Bank of Canada maintains policy rate, removes exceptional forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½
- January 19, 2022 @ 9:32 PM
- Posted by Roar Admin
Top 10 Questions to Ask Your Mortgage Broker in British Columbia
Top 10 Questions to Ask Your Mortgage Broker The mortgage world can sometimes be difficult to navigate when buying a home. However, an experienced Mortgage Broker can help walk you through the proces
- January 5, 2022 @ 6:37 PM
- Posted by Roar Admin
How Much of A Mortgage Can You Afford?
How Much of a Mortgage Can You Afford? Mortgage Application: How Much of A Mortgage Can You Afford? The mortgage application process involves a buyer's due diligence in calculating how much mortgage
- December 23, 2021 @ 8:52 PM
- Posted by Roar Admin
Sensible strategies to help you thrive in 2022
Canadians keep talking about the housing market! Are we in a housing bubble, will rates rise in 2022 and by how much, is this the right time to buy or refinance, is a lender's renewal offer the best
- December 15, 2021 @ 7:34 PM
- Posted by Roar Admin
Prequalification and Pre-Approval—What is the Difference? Home Buying in British Columbia
What is the Difference Between Pre-Qualification and Pre-Approval? Prequalification and Pre-Approval-What is the Difference? Prequalification is a basic review of the borrower's information to deter
- December 8, 2021 @ 5:53 PM
- Posted by Roar Admin
Bank Of Canada Rate Update December 9, 2021
Bank of Canada maintains policy rate and forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent an
- November 26, 2021 @ 6:46 PM
- Posted by Roar Admin
Preparing for Higher Rates
Given inflationary pressures, the Bank of Canada indicated in their last rate announcement that rate hikes could take place earlier than previously indicated, in mid-2022, which means variable rates t
- November 24, 2021 @ 6:50 PM
- Posted by Roar Admin
What to do if You Are Denied a Mortgage
What to do if You Are Denied a Mortgage Main reasons Why your mortgage application is Denied and What to do If Mortgage lenders reject Yours Mortgage lenders often reject loan application requests f
- November 3, 2021 @ 3:17 PM
- Posted by Roar Admin
How to Know if it's Time to Refinance
How to Know if it's Time to Refinance According to mortgage advisors, mortgage refinancing is one of the ways to make and save money from your home loan. When done right mortgage refinancing benefits
- October 27, 2021 @ 5:34 PM
- Posted by Roar Admin
Bank Of Canada Rate Update Oct 27, 2021
Bank of Canada maintains policy rate and forward guidance, ends quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with t
- October 6, 2021 @ 5:40 PM
- Posted by Roar Admin
What Is Home Equity and How Can I Build It?
Home equity is an essential asset for creating wealth and income. Learn how home equity is calculated, why it's important, and five steps you can take to build it. As you make monthly mortgage paymen
- October 6, 2021 @ 4:25 PM
- Posted by Roar Admin
What's Involved in Giving Your Child a Boost to Home Ownership?
What's Involved in Giving Your Child a Boost to Home Ownership? With the financial demands of school loans, living expenses, and finding a career path, many young people struggle to purchase their fi
- September 8, 2021 @ 3:16 PM
- Posted by Roar Admin
Bank Of Canada Rate Update Sept 8, 2021
Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower boun
- August 4, 2021 @ 4:42 PM
- Posted by Roar Admin
What Happens if You Lose Your Job Before Closing?
A job loss a few days or weeks prior to closing your home purchase can be distressing; especially when you have no alternative source of income. Getting a new job can ease the situation, but it's not
- July 21, 2021 @ 5:13 PM
- Posted by Roar Admin
How a Funding Condition Can Secure Purchasers From Financial and Legal Penalties in British Columbia
When you make a deal to buy a home, in addition to thinking about how much money to provide, you likewise need to think about any conditions that you want to include. Some common conditions deal with
- July 14, 2021 @ 6:40 PM
- Posted by Roar Admin
Bank Of Canada Rate Update July 14, 2021
Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ perc