BREAKING NEWS: A 40-Year Mortgage Amortization Option Arriving This Month! Get ready for a game-changing development in the mortgage world! In just a few weeks, one of the leading banks will introduce an exciting 40-year mortgage amortization option, designed to cater to your unique payment preferences. This innovative offering will provide you with the flexibility […]

Mortgage Switch and Refinancing are two different options that homeowners can consider when they want to make changes to their existing mortgage arrangements. They serve different purposes and have distinct characteristics: Mortgage Switch: A mortgage switch refers to the process of moving your existing mortgage to a new mortgage product or lender, typically at the […]

Housing markets across the country continued to lose steam in August following the latest Bank of Canada rate hikes in June and July. Everywhere outside of Alberta and parts of Atlantic Canada, that is. While existing national home sales (seasonally adjusted) were down 4.1% in the month, they do remain up 5.3% compared to last […]

Slower growth and rising mortgage rates are going to keep putting the brakes on the housing market and the economy as a whole    Canada Mortgage and Housing Corporation (CMHC) think home prices will hit the rock bottom this year-but it’s important to note, they are not going to dip below the prices we saw […]

In 2024, it is expected that Bank of Canada will cut rates by up to 2% and another 2% in 2025. This will result in lower payments for adjustable rate mortgage holders. We predict that key interest rate will hover around mid 4% in 2024 and mid 3% in 2025. TD economists predict policy rare […]