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?…
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…
What Homeowners Need to Know and How to Save Money As a homeowner, managing costs is crucial to maintaining financial stability and ensuring the affordability of your home. A pressing issue currently facing homeowners is the increase of mortgage and home insurance costs in Canada. At Echo Mortgage,…
