Fixed vs. Variable Rates: Navigating Mortgage Options in the Canadian Real Estate Landscape
When it comes to securing a mortgage in Canada, one of the critical decisions that homebuyers face is choosing between fixed and variable interest rates.
Bank of Canada rate announcement Dec 6 2023
The Bank of Canada Rate announcement is….. The Bank of Canada has HELD their policy interest rate at 5%! No change from July 2023. This means that the PRIME RATE of Canada will stay at 7.2% until at least the next meeting in the new year on Wednesday, January 24, 2024.
Mortgages: Contrasting Canadian and American Approaches
The journey to homeownership in North America involves understanding the distinct nuances of mortgage systems, and while Canada and the United States share a continent, there are notable differences in how mortgages are structured and managed.
A Guide for First-Time Home Buyers in Canada
Becoming a first-time homebuyer in Canada is an exciting yet intricate journey. From understanding the real estate market to navigating financial considerations, the process requires careful planning and informed decision-making
Navigating Down Payments in Canada: A Major Key to Homeownership
The down payment is a lump sum of money that a homebuyer pays upfront when purchasing a property, representing a percentage of the total home price
Bank of Canada Rate Announcement October 25th 2023
The Bank of Canada has HELD their policy interest rate at 5%! No change from July 2023.
How to use your CCB to help with mortgage qualification
If you’re trying to purchase a home, it’s always important to review your finances. You need to take into account both your income and your debt and make sure that it meets the requirements of lenders in order to qualify for a mortgage. The Canada Child Benefit (CCB) can be used as part of your…
What’s a bond yield? How does it affect my mortgage rate?
Fixed mortgage rates follow bond yields up or down. Simple, right? Tracking Canadian government bond yield trends can give you a good idea about where fixed mortgage rates are going: Just like gas stations, banks are quicker to raise their fixed mortgage rates and slower to lower them in relation to bond yield movements. That’s because they want to…
Early mortgage renewal offer.. Should you take it?
while it might be tempting to renew your mortgage early, it’s important to weigh all of the potential risks and rewards before making a decision.
A Lender or B Lender? Do you know the difference?
In this article I will explain the differences between a B lender and an A lender so that you can make an informed decision about which one is best for your situation.