Bank of Canada cuts policy rate by 25 bps to 3.00%
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%. The Bank is also announcing its plan to complete the normalization of its balance sheet, ending quantitative tightening. The Bank will restart asset purchases in early March, beginning gradually […]
Debt Management and Mortgages: How to Balance Homeownership with Other Financial Obligations
For many Canadians, managing debt while pursuing homeownership can be a delicate balancing act. With the average household debt rising, securing a mortgage while juggling other financial obligations can be challenging. However, with the right strategies and professional advice, it’s possible to achieve both financial stability and homeownership.
A Milestone for Homeownership
Today, we’re thrilled to share some exciting news that marks a significant step forward for the Canadian housing market. The Deputy Prime Minister and Minister of Finance, Chrystia Freeland, has announced important changes to the mortgage regulations—many of which reflect the continued efforts of Mortgage Professionals across Canada.
Rising Interest Rates: How to Secure the Best Mortgage in a Volatile Market
Over the past year, Canadians have observed rising interest rates, driven by inflationary pressures and the Bank of Canada’s efforts to stabilize the economy. For prospective homebuyers and current mortgage holders, this presents a significant challenge. Higher interest rates mean higher monthly payments and potentially more difficulty qualifying for a mortgage. However, with careful planning […]
Bank of Canada Announces Third Consecutive Interest Rate Cut, Reducing Policy Rate to 4.25%
On Wednesday, the Bank of Canada lowered its benchmark interest rate for the third time in a row, bringing it down to 4.25%. This move, widely anticipated by economists, comes as inflationary pressures continue to ease across the country. Analysts had forecasted a 25 basis point reduction, and the central bank hinted at the possibility […]
Understanding Closing Costs And Budgeting For Your Purchase
Embarking on the exciting journey of homeownership involves more than just finding the perfect house and securing a mortgage. One of the essential aspects that often catches buyers off guard is the realm of closing costs. As a dedicated mortgage agent, I’m here to shed light on this critical topic and provide you with the […]
Benefits Of Private Mortgage Financing
Achieving the dream of homeownership is a milestone that holds a special place in the hearts of many. As your dedicated mortgage agent, I understand the importance of this goal, and my mission is to help individuals turn that dream into a reality. In this section, we’ll dive deep into the world of private mortgage […]
Pros And Cons Of Renewing Your Mortgage With The Same Lender
As a dedicated mortgage agent, my passion lies in helping individuals achieve their dream of homeownership. Over the years, I’ve had the privilege of assisting countless clients in making one of the most significant investments of their lives – purchasing a home. Today, I’m here to provide valuable insights into a critical decision many homeowners […]
Are You Self-Employed?
Embarking on the journey to homeownership can be an exciting and transformative experience. However, for those who are self-employed, the path to securing a mortgage may seem more complex. As a dedicated mortgage agent with a passion for helping people achieve their homeownership dreams, I’ve been assisting clients like you since 2007. In this comprehensive […]
When Does It Make Sense To Refinance Your Mortgage
Navigating the intricate world of mortgages can be a daunting task, especially if you’re considering the significant financial commitment of homeownership. As a passionate mortgage agent, my journey began in 2007, and I’ve since dedicated my career to helping individuals like you achieve their homeownership dreams. In this comprehensive guide, we’ll delve into the concept […]
