Bank of Canada’s 2024 Outlook: A Year of Consideration
Happy New Year! I hope you had a wonderful holiday season and are ready to embark on a prosperous 2024. As we usher in the new year, I…
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Fixed or Variable-Rate Mortgage?
If you are rate shopping, you’ll notice that the lowest available rate may be for a variable mortgage, which is why I’m often asked “what does variable mean…
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Don’t renew your mortgage with your eyes closed
When your mortgage comes up for renewal, your lender will send you a letter suggesting you renew at their current offer. If you do, you’ll be renewing your…
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Exploring Mortgage Amortization Extensions
Recent inflation numbers indicate that inflation is slowing, and many economists are saying that the most recent drop in the inflation rate will give the Bank of Canada…
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What affects mortgage rates?
What affects mortgage rates? Government policies to protect the economy during the pandemic resulted in exceptionally low mortgage rates for both fixed- and variable-rate mortgages. As we moved…
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That low-rate mortgage could actually cost you more.
Cheapest is not always best. We know that’s true when we’re shopping for anything else. But we still tend to believe that lowest rate is the one and…
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