Rising Cost of Living: What It Means for Your Mortgage Plans The Cost of Living Is Catching Up—Fast Ontario residents are feeling the squeeze in 2025. The cost of living is rising from grocery stores to gas stations. This affects how Ontarians save, spend, and get a mortgage….
What Is a Reverse Mortgage? Everything You Need to Know For many Ontarians approaching or enjoying retirement, a reverse mortgage can be a useful financial tool to access the equity in their home—without having to sell or move. But what exactly is a reverse mortgage, and how does…
Reverse Mortgage Current Trends 1. Popularity Continues to Climb Reverse mortgages have surpassed $7 billion in total outstanding loans in Canada, with Ontario leading in new originations. Homeowners 55+ are tapping into home equity to supplement retirement income, especially due to inflation and cost-of-living pressures. 2. Interest Rates…
How to Refinance Your Mortgage Loan Refinancing your mortgage in Ontario can be a smart financial move — whether you’re looking to lower your interest rate, access home equity, or consolidate debt. But how exactly does refinancing work, and what should Ontario homeowners know before diving in? Here’s…
Mortgage Refinancing in Ontario: What Homeowners Need to Know As we approach the halfway mark of 2025, Ontario’s mortgage landscape continues to shift—driven by fluctuating interest rates, economic uncertainty, and growing consumer demand for financial flexibility. For many homeowners, mortgage refinancing has become a strategic tool to manage…
A Simple Breakdown for Homebuyers In Ontario’s real estate market, buyers seek flexible mortgage options like the 50-50 mortgage, a hybrid that splits the loan into fixed and variable portions, though it’s less common than traditional mortgages. But what is it—and is it right for you? What Is…
Bond Yields in Ontario: What They Are and Why They Matter If you’ve been keeping an eye on interest rates, mortgages, or even the stock market, you’ve probably heard the term “bond yields” tossed around. But what exactly are they — and why should someone in Ontario care?…
Understanding Mortgage Rate Trends in Ontario: What Homebuyers Need to Know Ontario’s housing market is one of the most dynamic in Canada — from the competitive streets of Toronto to the growing suburbs of Durham and Niagara. Whether you’re a first-time buyer or a experienced homeowner, understanding how…
Bank of Canada Cuts Interest Rate to 2.75%: What It Means for Canadians In a move widely anticipated by economists and market watchers, the Bank of Canada announced a quarter-point cut to its key interest rate, bringing it down from 3.00% to 2.75%. This marks the first rate…
Missed a Mortgage Payment? – Here’s What to Do Next Missing a mortgage payment can feel overwhelming, but you’re not alone—and it’s not the end of the road. At Echo Mortgage, we understand that life happens. No matter if it’s an unexpected cost, a job change, or a…
