Saving for Your Dream Home: Effective Strategies
Fort St. John offers favourable income-to-home price ratios, making it an attractive area for affordable homeownership. Create a budget to evaluate income and expenses, and […]
Mortgage Blog
Bank of Canada increases interest rate to 5%
The Bank of Canada has raised its key interest rate to 5% from 4.75%, and the Bank Rate at 5.25% and the deposit rate at […]
Canada’s Record High Rents in Early-Summer
Avg asking price for a rental unit in Canada reached a record high of $2,042 in June. Yearly rent inflation for June was 7.5%, lower […]
Warning for REIT Investors
REIT valuations ↓ 30%-50% while cash flows continue to rise, resulting in historically low valuations.Balance sheets of REITs are strong, and many have guided for […]
What’s to Come in 2023: The Residential Mortgage Market Forecast
The Canadian mortgage market is set to undergo a major transformation, with non-bank lenders and new technology such as AI playing a major role. Government […]
A Look on the Rental Market in Canada
The avg price of rent in Canada ↑ 20% compared to pandemic lows. Across Canada, the avg price for: One-bedroom apartment: $1,811 Two-bedroom apartment: $2,239 […]
Breaking Down Mortgage Insurance in Canada: What You Need to Know?
Understanding the Different Types of Mortgage Insurance in Canada Hello, Canadian homebuyers and mortgage enthusiasts! Are you confused about the ins and outs of mortgage […]
BoC rate hike put a chill on Canadian housing in June – Mortgage Rates & Mortgage Broker News in Canada
The Bank of Canada’s recent rate hikes have had a mixed impact on Canada’s major housing markets, with home sales and prices cooling down compared […]
The Ultimate Home Sellers and Buyers Checklist
Ultimate Vancouver Home Sellers Checklist The Ultimate Vancouver Home Sellers Checklist is a comprehensive guide for ensuring a successful selling process in the Metro Vancouver […]
Effects of additional mortgage payments over the term of the mortgage
How much can I save by prepaying my mortgage? Making additional mortgage payments can significantly reduce the total interest paid and save thousands in interest, […]