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…
Mortgage Delinquencies Are Rising: What Does This Mean? After years of low mortgage default rates, Canada is now seeing a significant rise in mortgage delinquencies. This trend is important to watch if you own a home or plan to buy one. The overall numbers are still low, but…
Why Owning a Home in Canada Is One of the Smartest Financial Moves You Can Make For many Canadians, owning a home isn’t just a dream—it’s a strategic investment in their future. While renting can offer short-term flexibility, the long-term benefits of homeownership are substantial, especially in a…
The Pros and Cons of Using a Mortgage Brokerage in Canada Buying a home is one of the biggest financial decisions most Canadians will ever make. With the complexity of the mortgage market—different lenders, fluctuating rates, and a range of products—it’s no surprise many buyers turn to mortgage…
Understanding Mortgage Transfer and Renewal: What You Need to Know When it comes to homeownership, navigating the world of mortgages can feel overwhelming. Two important terms that homeowners often encounter are “mortgage transfer” and “mortgage renewal.” While both processes are linked to your home loan, they serve distinct…
