Mortgage Blog
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Category: Mortgage (9 posts)
Fixed-Rate vs. Adjustable-Rate Mortgages: Which Might Be Right for You?
January 21, 2025 | Posted by: Leslie Mandy
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 ...
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Government announces boldest mortgage reforms in decades to unlock homeownership for more Canadians
December 16, 2024 | Posted by: Leslie Mandy
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 ...
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Dec 11-2024 - Bank of Canada reduces policy rate by 50 basis points to 3.25%
December 11, 2024 | Posted by: Leslie Mandy
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 ...
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Unlocking Home Ownership: What Canadian Homebuyers Need to Know About Property Value
November 4, 2024 | Posted by: Leslie Mandy
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 moreOctober 23-2024: Bank of Canada reduces policy rate by 50 basis points to 3.75%
October 23, 2024 | Posted by: Leslie Mandy
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. ...
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Is a Reverse Mortgage Right for You?
October 8, 2024 | Posted by: Leslie Mandy
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 ...
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With Lower Interest Rates, Is Now a Good Time to Refinance My Mortgage?
September 6, 2024 | Posted by: Leslie Mandy
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 moreSept 4th, 2024 - Bank of Canada reduces policy rate by 25 basis points to 4.25%
September 4, 2024 | Posted by: Leslie Mandy
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. ...
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How Lower Interest Rates Could Benefit Canadian Homeowners: Is Now the Time to Refinance?
August 23, 2024 | Posted by: Leslie Mandy
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 ...
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