Mortgage Blog
Award Winning Trusted Mortgage Knowledge
Category: Mortgage (32 posts)
Mortgage Renewals in Early 2025 – Where Might Rates End Up?
May 4, 2025 | Posted by: Milka Lukacevic
A friendly guide for Canadian homeowners who are about to renegotiate one of the biggest contracts of their lives. Introduction - Why Everyone Is Talking About 2025 Renewals If your mortgage is co ...
read more
April 16 - 2025 - Bank of Canada holds policy rate at 2.75%
April 16, 2025 | Posted by: Milka Lukacevic
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The major shift in direction of US trade policy a ...
read more
Tariffs and Their Effect on Interest Rates: What Canadian Homeowners Should Know
April 5, 2025 | Posted by: Milka Lukacevic
You might be surprised to learn how tariffs-taxes on imported goods-can affect your mortgage or home-buying plans. Tariffs can indirectly influence interest rates, which impacts mortgage payments and ...
read more
Pros & Cons of Paying Off Your Mortgage Before Retirement
March 21, 2025 | Posted by: Milka Lukacevic
If retirement is approaching, you may be considering whether it's wise to pay off your mortgage early. As with many significant financial decisions, there isn't a one-size-fits-all answer. However, ...
read more
March 12-2025 - Bank of Canada reduces policy rate by 25 basis points to 2.75%
March 12, 2025 | Posted by: Milka Lukacevic
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 in a solid position, with infl ...
read more
Mortgage Renewal Coming UP and rates higher than 5 yrs ago - Consider increasing your amortization?
March 7, 2025 | Posted by: Milka Lukacevic
If your mortgage renewal date is approaching, it's important to take action. You might notice something that's hard to ignore: interest rates are significantly higher now than five years ago. You're n ...
read more
How will tariffs potentially affect Interest rates
February 26, 2025 | Posted by: Milka Lukacevic
As a mortgage broker in Canada, I often get questions about how global economic events might affect our financial landscape, particularly when it comes to interest rates and the cost of borrowing. One ...
read more
What are Alternative Mortgage Lenders?
August 8, 2024 | Posted by: Milka Lukacevic
In the dynamic world of real estate, securing a mortgage can often be daunting, especially for individuals with unique financial situations. This is where alternative mortgage lenders come into play ...
read moreJuly 7, 2024 - Bank of Canada reduces policy rate by 25 basis points to 4.5%
July 24, 2024 | Posted by: Milka Lukacevic
The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. ...
read more
7 Things to Know When You Are Looking to Purchase a Cottage or Vacation Home
July 8, 2024 | Posted by: Milka Lukacevic
Purchasing a cottage or vacation home can be an exciting venture, offering a perfect getaway from the hustle and bustle of city life. However, it's essential to approach this purchase with careful con ...
read more7 Smart Strategies to Help Save Money on Your Mortgage
June 21, 2024 | Posted by: Milka Lukacevic
Hello, and welcome to our blog! If you're reading this, chances are you're looking for ways to make your mortgage more manageable. Whether you're a first-time homebuyer or a seasoned homeowner, findin ...
read more
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 moreJune 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
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 more5 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
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
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 moreApril 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 moreThe 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
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 moreBank 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 moreManaging 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 moreBank 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
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 moreNavigating 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 moreBank 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
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
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 moreUnderstanding 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
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 moreBank 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
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