Canadians work hard to afford a home. However, the high cost of mortgage payments remains a barrier to homeownership, particularly among Millennials and Generation Z. To assist more Canadians, particularly younger generations, in acquiring their first home, new mortgage laws...
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...