Jul 5, 2022 | Budgeting, First Time Homebuyers, Housing market, Mortgage Pre-Approvals, Mortgages
Housing is a major concern for any government, but particularly in Canada, where in some cities, we have some of the highest house prices in the world. Not only does this make buying a home a much more difficult goal for many ordinary Canadians, but it also creates a...
Jun 3, 2022 | Mortgage Refinancing, Mortgages
Recently, the Bank of Canada’s policy interest rate, also known as the overnight rate, has increased another 0.5%. This means that the Prime Rate of Canada has also increased, affecting credit cards, HELOCs, variable-rate mortgages, and auto loans. Most financial...
Apr 29, 2022 | Interest rates, Mortgage Brokers, Mortgage Pre-Approvals, Mortgages
When you’re shopping for mortgages, there’s a good chance you spend a fair amount of time looking at options. You might contact a variety of banks, credit unions, and finance companies. However, unless you’re talking to mortgage brokers too, you might be missing out...
Jan 6, 2022 | First Time Homebuyers, Home ownership, Mortgage Brokers, Mortgage Pre-Approvals, Mortgages
There’s nothing more exciting than owning a home. New Year’s Day has come and gone, and for many, there is a commitment to a New Year’s resolution. If your goal this year is to own a home, now is the best time to start planning. Buying a home is likely one of...
Dec 22, 2021 | Mortgage Brokers, Mortgage Refinancing, Mortgages
Life goes on, and eventually, you realize, wow, I am starting to rack up quite a bit of credit card debt. Sometimes, it can be as quick as needing an emergency fix on your car, or that last-minute Christmas shopping. When you are getting charged interest on purchases...
Dec 22, 2021 | Interest rates, Mortgages
If you’re trying to decide between a fixed-rate and variable-rate mortgage, the current Bank of Canada prime rate is one of the most important things you need to think about. Right now, the prime rate is the lowest it’s been in over a...
