Aug 3, 2018 | Interest rates, Mortgages
We’re halfway through the summer months and mortgages may not be on the top of your mind these days, but there has been some Summer Mortgage News. Bank of Canada governor, Stephen Poloz, recently announced an increase in the bank’s benchmark interest rate from 1.25%...
Jul 20, 2018 | Interest rates, Mortgages
As we predicted in June, the Bank of Canada announced last week that they’re raising their overnight rate to 1.50%, up 1/4 of a percentage point from the previous 1.25% and the highest it’s been in almost a decade. The Bank predicts that the global economy will grow...
Jun 29, 2018 | Home ownership, Mortgages
So you’re considering buying a new place? Great! Here is some tried, tested, and true advice that you can use along the way. Regardless of how many homes you have owned in the past, how good your credit score is, how much money you have in the bank, how much you’re...
May 18, 2018 | Home ownership, Mortgages
The right mortgage product means something different to everyone. It could mean negotiating the best payment, finding a unique mortgage product, or getting you the mortgage terms that best suit your plans. The real question is: what does the right mortgage mean to...
Jan 26, 2018 | Interest rates, Mortgages
A variable-rate mortgage is pretty much what it sounds like: a mortgage with a interest rate that varies. Whereas a fixed rate stays constant throughout the term of your mortgage, a variable rate (and your monthly payment) changes throughout the term. A variable rate...
