Category: Mortgage (51 posts)
- 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
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- 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
Jill Hawe, MBI
Mortgage Consultant
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