Mortgage Deferrals Coming to an End

Mortgage Deferrals Coming to an End

When the pandemic hit Canada in March, and we were asked to stay at home, and that all but essential services remain open, many were concerned about how they were going to pay the bills, including their mortgages. To their credit, lenders and mortgage insurers stepped...
Bank of Canada Cuts Rate Again

Bank of Canada Cuts Rate Again

Once again the Bank of Canada lowered its key interest rate by 50 basis points – to 0.25%. This is the rate the bank charges for short-term loans between retail banks, but it may impact the rates that Canadian consumers get for savings accounts, variable rate loans,...
The Bank of Canada (BoC) cuts key lending rate

The Bank of Canada (BoC) cuts key lending rate

Following on the heels of the US Federal Reserve’s emergency interest-rate cut yesterday, the BoC has cut its key lending rate by 50 basis points. It’s now 1.25%. This may lower the rates on lines of credit and variable-rate mortgages. This comes amid a global...
Four Questions to Ask Your Mortgage Professional

Four Questions to Ask Your Mortgage Professional

Buying a new house should be exciting, but it can get pretty harrowing at times. You may worry you won’t qualify. You may feel unsure about house prices and worry about interest rates. If you’re considering renovating instead of purchasing, you may worry you won’t...
Four Questions to Ask Your Mortgage Professional

Four Questions to Ask Your Mortgage Professional

Hi, Whether you’re a first-time homebuyer, a move-up buyer, buying an investment property or if you’re refinancing to consolidate debt, renovate or invest, these are some of the questions to ask your mortgage professional: 1. How much can I afford? Usually people pick...
Here to Make Mortgage  Financing Work for You

Here to Make Mortgage Financing Work for You

Hi, New mortgage rules, stress tests, and slowing markets have definitely had an impact on home buyers. And there has been an impact on those with existing mortgages who want to refinance, renew or those who want to switch (transfer) lenders to take advantage of a...

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