Blog

  • 10 Steps to take with the Bank of Canada’s interest rate change: How 1.2 million mortgage holders can prepare.

    Canada faces a key time for mortgage renewals in 2025 and 2026. Homeowners and financial experts are watching interest rates for any signs of relief. Recently, the Bank of Canada (BoC) offered some hope. It cut rates by 0.25%. This is great news for those with variable-rate mortgages and first-time buyers. The BoC’s rate cut,…

  • Mortgage outlook 2025: Canadians can expect lower rates and deals next year.

    With inflation at the Bank of Canada’s 2% target, analysts expect rate cuts to continue into next year. Experts say Canadians should expect lower mortgage rates and better deals in 2025. Canadians have faced higher interest rates for a few years. The Bank of Canada raised its policy rate to combat soaring inflation. Since June,…

  • Thinking of giving a down payment this holiday season? Here’s what you should know

    With the holiday season in full swing, many Canadians focus on gift-giving. For some, it means helping loved ones buy a home by contributing to their down payment. If so, you’re not alone. In recent years, gift-giving has become more common. High living costs have forced many Canadians to seek help from loved ones to…

  • As Canada’s Home Buying Market Heats Up, Is a Busy Winter Ahead?

    A Surge in Home Buying Activity Across Canada Recent months have seen a significant uptick in home buying activity across Canada. The Canadian Real Estate Association (CREA) says home sales rose by 26% last month from 2023. This followed an impressive 30% increase in October, marking a steady upward trend. Several factors are driving this…

  • Mortgage War in Canada: What Homeowners Need to Know

    Canadian homeowners may soon face a “mortgage war” as banks compete for business. With interest rates falling and big changes ahead, this battle could benefit consumers. Here’s everything you need to know. Why Competition Among Banks Is Heating Up The Canadian banking sector is experiencing unprecedented dynamics. RBC Capital Markets has highlighted several factors driving…

  • Good news on mortgage insurance changes

    Recently I wrote a blog post regarding an announced change to CMHC’s mortgage qualification guidelines that were potentially damaging to the real estate market and to buyers looking to get into the real estate market.  It would have also resulted in higher rates for many homeowners looking to renew or refinance their mortgages. In that…