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… Read More »Bank of Canada rate announcement Dec 6 2023
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.
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
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
The Bank of Canada has HELD their policy interest rate at 5%! No change from July 2023.
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… Read More »How to use your CCB to help with mortgage qualification
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… Read More »What’s a bond yield? How does it affect my mortgage rate?
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.
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.
As of Jan 1 2023 for a 2-year period, anyone who’s neither a Canadian citizen nor a permanent resident cannot purchase property in select areas.