Blog - Categories
Category: Mortgage (89 posts)
Mortgage Renewals in Early 2025 – Where Might Rates End Up?
May 4, 2025 | Posted by: Maria Pezza
A friendly guide for Canadian homeowners who are about to renegotiate one of the biggest contracts of their lives. Introduction - Why Everyone Is Talking About 2025 Renewals If your mortgage is co ... [read more]
April 16 - 2025 - Bank of Canada holds policy rate at 2.75%
April 16, 2025 | Posted by: Maria Pezza
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The major shift in direction of US trade policy a ... [read more]
Tariffs and Their Effect on Interest Rates: What Canadian Homeowners Should Know
April 5, 2025 | Posted by: Maria Pezza
You might be surprised to learn how tariffs-taxes on imported goods-can affect your mortgage or home-buying plans. Tariffs can indirectly influence interest rates, which impacts mortgage payments and ... [read more]
Pros & Cons of Paying Off Your Mortgage Before Retirement
March 21, 2025 | Posted by: Maria Pezza
If retirement is approaching, you may be considering whether it's wise to pay off your mortgage early. As with many significant financial decisions, there isn't a one-size-fits-all answer. However, ... [read more]
March 12-2025 - Bank of Canada reduces policy rate by 25 basis points to 2.75%
March 12, 2025 | Posted by: Maria Pezza
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 in a solid position, with infl ... [read more]
Mortgage Renewal Coming UP and rates higher than 5 yrs ago - Consider increasing your amortization?
March 7, 2025 | Posted by: Maria Pezza
If your mortgage renewal date is approaching, it's important to take action. You might notice something that's hard to ignore: interest rates are significantly higher now than five years ago. You're n ... [read more]
How will tariffs potentially affect Interest rates
February 26, 2025 | Posted by: Maria Pezza
As a mortgage broker in Canada, I often get questions about how global economic events might affect our financial landscape, particularly when it comes to interest rates and the cost of borrowing. One ... [read more]
Is Now the Right Time to Refinance Your Mortgage?
February 5, 2025 | Posted by: Maria Pezza
With interest rates in Canada decreasing, many homeowners are considering whether this may be the ideal time to refinance. Refinancing involves replacing your current mortgage with a new one, idea ... [read more]
Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening
January 29, 2025 | Posted by: Maria Pezza
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 no ... [read more]
Fixed-Rate vs. Adjustable-Rate Mortgages: Which Might Be Right for You?
January 21, 2025 | Posted by: Maria Pezza
Hello there, and welcome! As a mortgage broker here in Canada, I know that diving into the world of mortgages can feel like stepping into a labyrinth of numbers and jargon. Today, let's have a fri ... [read more]
Government announces boldest mortgage reforms in decades to unlock homeownership for more Canadians
December 16, 2024 | Posted by: Maria Pezza
Canadians work hard to be able to afford a home. However, the high cost of mortgage payments is a barrier to homeownership, especially for Millennials and Gen Z. To help more Canadians, particularly ... [read more]
Dec 11-2024 - Bank of Canada reduces policy rate by 50 basis points to 3.25%
December 11, 2024 | Posted by: Maria Pezza
The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3¾% and the deposit rate at 3¼%. The Bank is continuing its policy of balance sheet no ... [read more]
Unlocking Home Ownership: What Canadian Homebuyers Need to Know About Property Value
November 4, 2024 | Posted by: Maria Pezza
The Canadian dream of home ownership is evolving. With fluctuating property values and shifting market dynamics, understanding the real estate landscape is more crucial than ever for prospective hom ... [read more]
October 23-2024: Bank of Canada reduces policy rate by 50 basis points to 3.75%
October 23, 2024 | Posted by: Maria Pezza
The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is continuing its policy of balance sheet normalization. ... [read more]
Is a Reverse Mortgage Right for You?
October 8, 2024 | Posted by: Maria Pezza
A reverse mortgage is a great financial tool for homeowners over 55 who want to stay in their homes while accessing the value they've built up over the years. It provides additional income, eliminates ... [read more]
With Lower Interest Rates, Is Now a Good Time to Refinance My Mortgage?
September 6, 2024 | Posted by: Maria Pezza
With interest rates dropping, many homeowners ask the same question: Is now the right time to refinance my mortgage?* The simple answer? It could be! But as with most financial decisions, a few factor ... [read more]
Sept 4th, 2024 - Bank of Canada reduces policy rate by 25 basis points to 4.25%
September 4, 2024 | Posted by: Maria Pezza
The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. ... [read more]
How Lower Interest Rates Could Benefit Canadian Homeowners: Is Now the Time to Refinance?
August 23, 2024 | Posted by: Maria Pezza
As a Canadian homeowner, you're probably hearing a lot of buzz about falling interest rates. You might be wondering, "Is this the right time to refinance my mortgage?" The short answer is, it could be ... [read more]
What are Alternative Mortgage Lenders?
August 8, 2024 | Posted by: Maria Pezza
In the dynamic world of real estate, securing a mortgage can often be daunting, especially for individuals with unique financial situations. This is where alternative mortgage lenders come into play ... [read more]
July 7, 2024 - Bank of Canada reduces policy rate by 25 basis points to 4.5%
July 24, 2024 | Posted by: Maria Pezza
The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. ... [read more]
7 Things to Know When You Are Looking to Purchase a Cottage or Vacation Home
July 8, 2024 | Posted by: Maria Pezza
Purchasing a cottage or vacation home can be an exciting venture, offering a perfect getaway from the hustle and bustle of city life. However, it's essential to approach this purchase with careful con ... [read more]
7 Smart Strategies to Help Save Money on Your Mortgage
June 21, 2024 | Posted by: Maria Pezza
Hello, and welcome to our blog! If you're reading this, chances are you're looking for ways to make your mortgage more manageable. Whether you're a first-time homebuyer or a seasoned homeowner, findin ... [read more]
How Lower Interest Rates Can Impact Your Mortgage: Insights for Canadians
June 7, 2024 | Posted by: Maria Pezza
The Bank of Canada recently made headlines by lowering its interest rates for the first time in over two years. This decision has significant implications for Canadians, particularly t ... [read more]
June 5 - 2024 - Bank of Canada reduces policy rate by 25 basis points
June 5, 2024 | Posted by: Maria Pezza
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization. ... [read more]
When to Consider a Private Mortgage: A Guide for Canadian Homebuyers
May 23, 2024 | Posted by: Maria Pezza
Navigating the world of Canadian mortgages can be scary, especially when traditional lenders, like banks and credit unions, close their doors. This is where private mortgages come into play. For ... [read more]
5 Great Ways to Improve Your Credit Score
May 8, 2024 | Posted by: Maria Pezza
As a mortgage professional, we often work with clients who are eager to improve their credit scores. A higher credit score not only increases your chances of getting approved for a mortgage bu ... [read more]
RRSP Home Buyers Plan
April 24, 2024 | Posted by: Maria Pezza
In 2024, the Canadian government made significant changes to the Registered Retirement Savings Plan (RRSP) Home Buyers' Plan (HBP), aiming to make homeownership more accessible, particularly for ... [read more]
Paying off your mortgage early - The Pros and Cons
April 10, 2024 | Posted by: Maria Pezza
Certainly! Paying off your mortgage early is a significant financial decision that many Canadians grapple with. It can be an appealing goal, offering both financial freedom and peace of mind. That sai ... [read more]
April 10-2024 - Bank of Canada maintains policy rate, continues quantitative tightening
April 10, 2024 | Posted by: Maria Pezza
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The Bank ... [read more]
The Impact of Canadian Economic Trends on Mortgage Rates: What You Need to Know
March 27, 2024 | Posted by: Maria Pezza
Navigating the world of mortgages can sometimes feel like trying to predict the weather in Canada: just when you think you've got it figured out, things change. But unlike the weather, understanding ... [read more]
Unlocking the Door to Home Ownership: Simple Tips to Boost Your Credit Score
March 20, 2024 | Posted by: Maria Pezza
Hello, homebuyers and financial enthusiasts! Today, we're diving into a topic that's as crucial as it is misunderstood: your credit score. Think of your credit score like a key. The higher it is, the ... [read more]
Bank of Canada maintains policy rate, continues quantitative tightening
March 6, 2024 | Posted by: Maria Pezza
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global e ... [read more]
Managing Your Mortgage Renewal in a High-Rate Environment
February 10, 2024 | Posted by: Maria Pezza
Hello homeowners. With interest rates higher than they have been in many years, many of you might be anxious about your upcoming mortgage renewal. It's completely understandable, and you're not alon ... [read more]
Bank of Canada maintains policy rate, continues quantitative tightening
January 24, 2024 | Posted by: Maria Pezza
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global e ... [read more]
Navigating High Interest Rates: Strategies for New Home Buyers Across Canada
December 19, 2023 | Posted by: Maria Pezza
Introduction In today's economic landscape, we're seeing a trend that can be quite intimidating for anyone looking to step into the world of home ownership – high interest rates. But fear not! This ... [read more]
Navigating Your Mortgage: Practical Tips from the Experts
December 14, 2023 | Posted by: Maria Pezza
Managing a mortgage is a journey that requires careful navigation. Mortgage brokers understand the challenges and uncertainties homeowners face when it comes to their mortgage payments. Today's e ... [read more]
Bank of Canada maintains policy rate, continues quantitative tightening
December 6, 2023 | Posted by: Maria Pezza
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The ... [read more]
Navigating the New Normal: How Remote Work is Reshaping the Canadian Mortgage and Real Estate Landscape
December 3, 2023 | Posted by: Maria Pezza
In recent years, we've witnessed a seismic shift in our work lives, notably the rise of remote work catalyzed by the COVID-19 pandemic. This change isn't just about swapping office desks for dinin ... [read more]
Canada's New Updated Mortgage Charter
November 23, 2023 | Posted by: Maria Pezza
The Canadian Mortgage Charter spells out the rights consumers have when they are renegotiating mortgages. It calls on financial institutions to provide better relief measures over the next three y ... [read more]
Understanding Fixed vs. Variable Rate Mortgages
November 15, 2023 | Posted by: Maria Pezza
If you're on the cusp of getting a mortgage, or if you're considering refinancing, you've likely encountered the terms "fixed rate" and "variable rate" mortgage. These are the two primary pathways i ... [read more]
6 things to know about capital gains and taxes for people across Canada
November 2, 2023 | Posted by: Maria Pezza
So, you made some cash selling your property or stocks at a higher price than you bought them for? High five! But before you start celebrating, there's this thing called capital gains that might show ... [read more]
Bank Of Canada Rate Update October 25, 2023
October 25, 2023 | Posted by: Maria Pezza
Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5% ... [read more]
Mortgage Strategies in a Rising Interest Rate Environment
October 24, 2023 | Posted by: Maria Pezza
Hello dear readers, Let's have a coffee chat, shall we? If we were sitting in a cozy café, sipping on lattes (or your beverage of choice), today's hot topic of conversation would undoubtedly revol ... [read more]
Leveraging Your Home Equity to Help Purchase a Home For Your Children: A Prudent Move?
October 6, 2023 | Posted by: Maria Pezza
Navigating Parental Assistance in Home Purchases The concept of parents aiding their children in stepping onto the property ladder is not a new one yet it is not ubiquitously adopted. A 2021 ... [read more]
Understanding and Utilizing Home Equity
October 1, 2023 | Posted by: Maria Pezza
If you've consistently made mortgage payments over the years, you've been accumulating home equity. As this equity grows, homeowners can access it, converting it into cash for various purposes, from h ... [read more]
Can a first-time home buyer have a mortgage co-signer?
September 17, 2023 | Posted by: Maria Pezza
Can New Home Buyers in Canada Use a Mortgage Co-Signer? Struggling to secure a mortgage or need a financial boost? Consider bringing in a co-signer. Dive deeper into this and other home-buying tact ... [read more]
Bank of Canada maintains policy rate, continues quantitative tightening
September 6, 2023 | Posted by: Maria Pezza
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Infl ... [read more]
Top Reasons To Refinance Your Home And Reasons Why You Maybe Should Not.
August 23, 2023 | Posted by: Maria Pezza
Refinancing a mortgage means replacing your existing loan with a new one, either with your current lender or a different one. Canadians often consider refinancing for various reasons, such as ... [read more]
Navigating High-Interest Rates and Inflation: Your Path to Mortgage Resilience
August 5, 2023 | Posted by: Maria Pezza
Introduction As your trusted mortgage broker, I understand that the current economic backdrop in Canada is presenting challenges for many homeowners. With interest rates on the rise and inflation p ... [read more]
Understanding Credit Scores and Maximizing Mortgage Opportunities in Canada
July 27, 2023 | Posted by: Maria Pezza
Introduction In Canada, your credit score plays a crucial role in your financial life, especially when it comes to major transactions like securing a mortgage. A credit score is a numerical r ... [read more]
Bank of Canada raises policy rate 25 basis points, continues quantitative tightening
July 12, 2023 | Posted by: Maria Pezza
The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. G ... [read more]
Some great tips to help you save for a home
June 13, 2023 | Posted by: Maria Pezza
A home for most all Canadians is likely the most significant purchase you will make in your lifetime, so it is essential to be well-prepared. It is crucial to understand how to budget and save for ... [read more]
Strategies for Speeding Up Mortgage Repayment
June 3, 2023 | Posted by: Maria Pezza
Those of us who desire to own a home often long for the time when our mortgage is paid off. Although the majority of Canadian mortgages are usually amortized over the course of 25 years, there are a ... [read more]
_988193.jpg)
First-Time Home Buyer Budgeting: What You Need to Know
April 20, 2023 | Posted by: Maria Pezza
As a first-time home buyer, budgeting is an essential part of the home buying process. By carefully planning your finances and considering all of the costs associated with purchasing a home, you can e ... [read more]
Bank Of Canada Rate Update April 12, 2023
April 12, 2023 | Posted by: Maria Pezza
Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4. ... [read more]
Bank of Canada Rate Update March 8, 2023
March 8, 2023 | Posted by: Maria Pezza
Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at ... [read more]
Selling Your Home in the Winter: How You Can Make the Most of It
March 5, 2023 | Posted by: Maria Pezza
Selling your home in the winter can be a challenging task, but it can also be an opportunity to stand out in a crowded market. With fewer houses on the market and motivated buyers who are eager to mov ... [read more]
Title insurance and home insurance–protect what matters most
February 27, 2023 | Posted by: Maria Pezza
When something goes wrong with your home and you suffer a loss, you need to be able to rely on your insurance coverage. Knowing which of your insurance policies to turn to isn't always easy. Title ins ... [read more]
Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening
January 25, 2023 | Posted by: Maria Pezza
The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening ... [read more]
Should You Spend the Full Mortgage Amount You're Approved For?
December 28, 2022 | Posted by: Maria Pezza
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ... [read more]
The Pros and Cons of Fixed vs. Variable Mortgages
December 8, 2022 | Posted by: Maria Pezza
When it comes to choosing a mortgage, borrowers in Canada have two main options: a fixed rate mortgage or a variable mortgage. But which type is best for you? Here, we'll take a look at the pros and c ... [read more]
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
December 7, 2022 | Posted by: Maria Pezza
The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening ... [read more]
Bank of Canada Rate Update October 26, 2022
October 26, 2022 | Posted by: Maria Pezza
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.75%, with the Bank Rate a ... [read more]
Best Ways to Plan for Your Down Payment
October 19, 2022 | Posted by: Maria Pezza
Best Ways to Plan for Your Down Payment Do mortgages seem unaffordable? These tips will help you plan for your down payment so you can start talking to a private lender mortgage broker in no time. ... [read more]
How Mortgage Rates Affect Buying Power?
September 16, 2022 | Posted by: Maria Pezza
How Mortgage Rates Affect Buying Power? Do You Know How Your Mortgage Rate Affects Buying Power? To maximize your purchasing power, you should understand how interest rates impact your home buying p ... [read more]
Bank Of Canada Rate Update September 7, 2022
September 7, 2022 | Posted by: Maria Pezza
Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.25%, with the Bank Rate ... [read more]
Should You Pay Off Your Mortgage Early?
August 24, 2022 | Posted by: Maria Pezza
It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will explore some o ... [read more]
Bank Of Canada Rate Update July 13, 2022
July 13, 2022 | Posted by: Maria Pezza
Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 2.5%, with the Bank Rate ... [read more]
Bank Of Canada Rate Update June 1, 2022
June 1, 2022 | Posted by: Maria Pezza
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at ... [read more]
How a Mortgage Pre-Approval Can Protect You from Rising Rates
May 26, 2022 | Posted by: Maria Pezza
With interest rates rising, it's important to lock in a lower rate as soon as possible. You can do this with the right home mortgage pre-approval. Find out how! Do you plan on searching for and buy ... [read more]
How is a Private Mortgage Different Than a Traditional Bank Mortgage
May 4, 2022 | Posted by: Maria Pezza
Understanding the difference between private mortgages and traditional bank mortgages can help you make the best decision for financing a new home. Each option provides the money to secure real estate ... [read more]
Bank Of Canada Rate Update April 13, 2022
April 13, 2022 | Posted by: Maria Pezza
Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% ... [read more]
Bank Of Canada Rate Update March 2, 2022
March 2, 2022 | Posted by: Maria Pezza
Bank of Canada Increases Policy Interest Rate The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is contin ... [read more]
Bank Of Canada Rate Update January 26, 2022
January 26, 2022 | Posted by: Maria Pezza
Bank of Canada maintains policy rate, removes exceptional forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ... [read more]
Top 10 Questions to Ask Your Mortgage Broker in Ontario
January 19, 2022 | Posted by: Maria Pezza
Top 10 Questions to Ask Your Mortgage Broker The mortgage world can sometimes be difficult to navigate when buying a home. However, an experienced Mortgage Broker can help walk you through the proces ... [read more]
4 Homebuyer Tips To Make House Hunting More Efficient
January 6, 2022 | Posted by: Maria Pezza
Maybe you have considered investing in real estate but aren't sure if it's the right move for you. There are several benefits to an investment property, from the pride of ownership to the monetary boo ... [read more]
Prequalification and Pre-Approval—What is the Difference? Home Buying in Ontario
December 15, 2021 | Posted by: Maria Pezza
What is the Difference Between Pre-Qualification and Pre-Approval? Prequalification and Pre-Approval-What is the Difference? Prequalification is a basic review of the borrower's information to deter ... [read more]
Bank Of Canada Rate Update December 9, 2021
December 8, 2021 | Posted by: Maria Pezza
Bank of Canada maintains policy rate and forward guidance The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent ... [read more]
What to do if You Are Denied a Mortgage
November 24, 2021 | Posted by: Maria Pezza
What to do if You Are Denied a Mortgage Main reasons Why your mortgage application is Denied and What to do If Mortgage lenders reject Yours Mortgage lenders often reject loan application requests f ... [read more]
How to Know if it's Time to Refinance Your Mortgage
November 10, 2021 | Posted by: Maria Pezza
How to Know if it's Time to Refinance Your Mortgage According to mortgage advisors, mortgage refinancing is one of the ways to make and save money from your home loan. When done right mortgage refina ... [read more]
Bank Of Canada Rate Update Oct 27, 2021
October 27, 2021 | Posted by: Maria Pezza
Bank of Canada maintains policy rate and forward guidance, ends quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with ... [read more]
What Is Home Equity and How Can I Build It?
October 6, 2021 | Posted by: Maria Pezza
Home equity is an essential asset for creating wealth and income. Learn how home equity is calculated, why it's important, and five steps you can take to build it. As you make monthly mortgage paymen ... [read more]
Bank Of Canada Rate Update Sept 8, 2021
September 8, 2021 | Posted by: Maria Pezza
Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing The Bank of Canada today held its target for the overnight rate at the effective lower boun ... [read more]
What Happens if You Lose Your Job Before Closing?
August 4, 2021 | Posted by: Maria Pezza
A job loss a few days or weeks prior to closing your home purchase can be distressing; especially when you have no alternative source of income. Getting a new job can ease the situation, but it's not ... [read more]
How a Funding Condition Can Secure Purchasers From Financial and Legal Penalties in Ontario
July 21, 2021 | Posted by: Maria Pezza
When you make a deal to buy a home, in addition to thinking about how much money to provide, you likewise need to think about any conditions that you want to include. Some common conditions deal with ... [read more]
Bank Of Canada Rate Update July 14, 2021
July 14, 2021 | Posted by: Maria Pezza
Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ per ... [read more]
Risks of Putting Down a Firm Offer with a Pre-Approval Ontario
July 7, 2021 | Posted by: Maria Pezza
Risks of Putting Down a Firm Offer with a Pre-Approval Today, the real estate market is competitive and homebuyers need all the help they can get to secure their home at the right price. Once you fin ... [read more]
Low Rates in Ontario Helping Buyers Pay Off Their Mortgages at Record Pace
June 30, 2021 | Posted by: Maria Pezza
Home prices may be astronomical in certain parts of the country, but historically low mortgage rates are allowing borrowers to pay off their mortgages faster than ever. At today's average rates, 61% ... [read more]
Bank Of Canada Rate Update June 9, 2021
June 9, 2021 | Posted by: Maria Pezza
Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved, continues quantitative easing The Bank of Canada today held its target for the overnight rat ... [read more]
