Mortgage Blog

Award Winning Trusted Mortgage Knowledge

Category: Mortgage (21 posts)

How Lower Interest Rates Can Impact Your Mortgage: Insights for Canadians

How Lower Interest Rates Can Impact Your Mortgage: Insights for Canadians

June 7, 2024 | Posted by: Milka Lukacevic

The Bank of Canada recently made headlines by lowering its interest rates for the first time in over two years. This decision has significant implications for Canadians, particularly t ...

read more
June 5 - 2024 - Bank of Canada reduces policy rate by 25 basis points

June 5 - 2024 - Bank of Canada reduces policy rate by 25 basis points

June 5, 2024 | Posted by: Milka Lukacevic

The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization. ...

read more
When to Consider a Private Mortgage: A Guide for Canadian Homebuyers

When to Consider a Private Mortgage: A Guide for Canadian Homebuyers

May 23, 2024 | Posted by: Milka Lukacevic

Navigating the world of Canadian mortgages can be scary, especially when traditional lenders, like banks and credit unions, close their doors. This is where private mortgages come into play. For ...

read more
5 Great Ways to Improve Your Credit Score

5 Great Ways to Improve Your Credit Score

May 8, 2024 | Posted by: Milka Lukacevic

As a mortgage professional, we often work with clients who are eager to improve their credit scores. A higher credit score not only increases your chances of getting approved for a mortgage bu ...

read more
RRSP Home Buyers Plan

RRSP Home Buyers Plan

April 24, 2024 | Posted by: Milka Lukacevic

In 2024, the Canadian government made significant changes to the Registered Retirement Savings Plan (RRSP) Home Buyers' Plan (HBP), aiming to make homeownership more accessible, particularly for ...

read more
Paying off your mortgage early - The Pros and Cons

Paying off your mortgage early - The Pros and Cons

April 10, 2024 | Posted by: Milka Lukacevic

Certainly! Paying off your mortgage early is a significant financial decision that many Canadians grapple with. It can be an appealing goal, offering both financial freedom and peace of mind. That sai ...

read more
April 10-2024 - Bank of Canada maintains policy rate, continues quantitative tightening

April 10-2024 - Bank of Canada maintains policy rate, continues quantitative tightening

April 10, 2024 | Posted by: Milka Lukacevic

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The Bank ...

read more
The Impact of Canadian Economic Trends on Mortgage Rates: What You Need to Know

The Impact of Canadian Economic Trends on Mortgage Rates: What You Need to Know

March 27, 2024 | Posted by: Milka Lukacevic

Navigating the world of mortgages can sometimes feel like trying to predict the weather in Canada: just when you think you've got it figured out, things change. But unlike the weather, understanding ...

read more
Unlocking the Door to Home Ownership: Simple Tips to Boost Your Credit Score

Unlocking the Door to Home Ownership: Simple Tips to Boost Your Credit Score

March 20, 2024 | Posted by: Milka Lukacevic

Hello, homebuyers and financial enthusiasts! Today, we're diving into a topic that's as crucial as it is misunderstood: your credit score. Think of your credit score like a key. The higher it is, the ...

read more
Bank of Canada maintains policy rate, continues quantitative tightening

Bank of Canada maintains policy rate, continues quantitative tightening

March 6, 2024 | Posted by: Milka Lukacevic

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global e ...

read more
Managing Your Mortgage Renewal in a High-Rate Environment

Managing Your Mortgage Renewal in a High-Rate Environment

February 10, 2024 | Posted by: Milka Lukacevic

Hello homeowners. With interest rates higher than they have been in many years, many of you might be anxious about your upcoming mortgage renewal. It's completely understandable, and you're not alon ...

read more
Bank of Canada maintains policy rate, continues quantitative tightening

Bank of Canada maintains policy rate, continues quantitative tightening

January 24, 2024 | Posted by: Milka Lukacevic

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global e ...

read more
Navigating High Interest Rates: Strategies for New Home Buyers Across Canada

Navigating High Interest Rates: Strategies for New Home Buyers Across Canada

December 19, 2023 | Posted by: Milka Lukacevic

Introduction In today's economic landscape, we're seeing a trend that can be quite intimidating for anyone looking to step into the world of home ownership – high interest rates. But fear not! This ...

read more
Navigating Your Mortgage: Practical Tips from the Experts

Navigating Your Mortgage: Practical Tips from the Experts

December 14, 2023 | Posted by: Milka Lukacevic

Managing a mortgage is a journey that requires careful navigation. Mortgage brokers understand the challenges and uncertainties homeowners face when it comes to their mortgage payments. Today's e ...

read more
Bank of Canada maintains policy rate, continues quantitative tightening

Bank of Canada maintains policy rate, continues quantitative tightening

December 6, 2023 | Posted by: Milka Lukacevic

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The ...

read more
Navigating the New Normal: How Remote Work is Reshaping the Canadian Mortgage and Real Estate Landscape

Navigating the New Normal: How Remote Work is Reshaping the Canadian Mortgage and Real Estate Landscape

December 3, 2023 | Posted by: Milka Lukacevic

In recent years, we've witnessed a seismic shift in our work lives, notably the rise of remote work catalyzed by the COVID-19 pandemic. This change isn't just about swapping office desks for dinin ...

read more
Canada's New Updated Mortgage Charter

Canada's New Updated Mortgage Charter

November 23, 2023 | Posted by: Milka Lukacevic

The Canadian Mortgage Charter spells out the rights consumers have when they are renegotiating mortgages. It calls on financial institutions to provide better relief measures over the next three y ...

read more
Understanding Fixed vs. Variable Rate Mortgages

Understanding Fixed vs. Variable Rate Mortgages

November 15, 2023 | Posted by: Milka Lukacevic

If you're on the cusp of getting a mortgage, or if you're considering refinancing, you've likely encountered the terms "fixed rate" and "variable rate" mortgage. These are the two primary pathways i ...

read more
6 things to know about capital gains and taxes for people across Canada

6 things to know about capital gains and taxes for people across Canada

November 2, 2023 | Posted by: Milka Lukacevic

So, you made some cash selling your property or stocks at a higher price than you bought them for? High five! But before you start celebrating, there's this thing called capital gains that might show ...

read more
Bank Of Canada Rate Update October 25, 2023

Bank Of Canada Rate Update October 25, 2023

October 25, 2023 | Posted by: Milka Lukacevic

Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5% ...

read more
Mortgage Strategies in a Rising Interest Rate Environment

Mortgage Strategies in a Rising Interest Rate Environment

October 24, 2023 | Posted by: Milka Lukacevic

Hello dear readers, Let's have a coffee chat, shall we? If we were sitting in a cozy café, sipping on lattes (or your beverage of choice), today's hot topic of conversation would undoubtedly revol ...

read more
Google Rating
5
users image

Hi, How can I help you?