Blog
Latest News
Mortgage Rates Are Rising – What Does It Mean For You?
Mortgage rates have spent the better part of the past year in near-freefall, with numerous terms setting fresh record lows. But a couple of weeks ago, rates pulled a U-turn and have been starting to climb higher ever since. And here’s why. Since the beginning of...
Tips to Review Your Financial Health
Whether you’re a prospective homebuyer or an existing homeowner already paying down a mortgage, ensuring your finances are in good order is crucial for your overall financial health. With tax/RRSP season just around the corner, now is a great time to review your...
Forecasting Canada’s Housing Market in 2021
Earlier this year, the Canada Mortgage and Housing Corporation made a now-infamous prediction that home prices would fall by up to 18% over the course of 2020 and into 2021. Instead, prices have since risen by approximately 22% to $603,000, as of November. That...
Should I Refinance My Mortgage?
I think we can safely say that 2020 has been a strange year. A year of lockdowns due to a pandemic, financial support from the government, and the lowest interest rates in recent history. This has led to a rise in the number of homeowners who are considering...
Revisiting Fixed Vs. Variable Mortgages
It’s the classic rate decision many mortgage shoppers are faced with. And it’s only been made more complicated since the start of the pandemic. Towards the latter half of 2019, variable rates were flying off the shelves with rates as low as prime – 1%. A lot has...
Mortgage Deferrals Coming to an End
When the pandemic hit Canada in March, and we were asked to stay at home, and that all but essential services remain open, many were concerned about how they were going to pay the bills, including their mortgages. To their credit, lenders and mortgage insurers stepped...