The Bank of Canada's third consecutive rate cut means the main interest rate is currently at 4.25 percent, down from the previous 4.50 percent. It’s believed that the cumulative 75-basis-point reduction will encourage more buyers to return to the market,...
Searching for a mortgage is quite similar and complex, just like shopping for a new home. Given how long you want your mortgage term to be, you should plan ahead of time and gather all relevant information before deciding between...
When applying a mortgage for a pre-construction home, you have several options to consider, including a fixed- or variable-rate mortgage. Comparing the benefits and drawbacks of fixed-rate versus variable-rate mortgages can be challenging since future interest rates are unpredictable.Fixed-rate mortgages...
The much awaited news for mortgage borrowers is here. The Bank of Canada lowered interest rates by 25 basis points to 4.75%. The Bank of Canada's policy rate, also known as a benchmark rate or overnight rate influences a bank's...
The first step to navigating the world of commercial real estate frequently entails acquiring a commercial mortgage, regardless of whether you're an investor looking to diversify your portfolio, an entrepreneur eyeing a new office space, or a business owner looking...
Want to save on interest rates? This could be the ideal time to refinance your mortgage and free up some cash to pay off that high-interest credit card debt. With interest rates rising and household debt on the rise, it’s...
Securing a mortgage is a significant milestone in one's life, often marking the transition to homeownership or investment in property. However, the journey towards obtaining a mortgage can be fraught with challenges, especially if you need to be mindful of...