In the grand overture of Canada’s housing market, a harmonious period of stability is anticipated to unfold in the coming months. BMO’s senior economist, Robert Kavcic, takes center stage in a recent research report, painting a portrait of resilience for the Canadian real estate landscape. However, homeowners expecting a return to the exuberant price gains […]

In a groundbreaking move this week, digital mortgage disruptor nesto revealed a strategic alliance with M3 Group, signaling its entry into the broker channel for mortgage distribution. The agreement, termed an “exclusive brokerage services relationship,” opens the doors for nesto to tap into M3 Group’s extensive network of over 8,500 brokers, spread across renowned brands […]

In a captivating dance of economic projections, it appears that the first-rate cut from the Bank of Canada is set to be a delayed affair, with a majority of economists betting on at least June to roll out the interest rate red carpet. Initial expectations had flirted with the idea of rate cuts as early […]

In a recent twist of economic fate, the latest inflation figures have thrown a curveball at those crossing their fingers for a prompt Bank of Canada rate cut. The consumer price index decided to show off a bit, surging to a formidable 3.4% in December, giving the central bank’s endeavors to rein in escalating prices […]

In the labyrinth of mortgage options, navigating between the realms of 2nd and 3rd mortgages can feel like deciphering an ancient map written in a language known only to a select few. Fear not, dear reader, for we are here to unravel the mystery and shed light on the nuanced differences that set these two […]

In recent months, interest rates on certain fixed mortgages have seen a notable decline, presenting an enticing opportunity for Canadians exploring the upcoming spring housing market or facing the renewal of their existing mortgages. The insurable five-year fixed-rate mortgages, a popular choice among Canadians, have witnessed a significant drop, falling below five per cent before […]

Anticipating forthcoming interest rate reductions by central banks, certain fixed mortgage rates have hit their lowest points in months. However, against the backdrop of economic uncertainty, both prospective homebuyers and existing homeowners facing renewals confront challenging decisions. In contrast to the trajectory observed since the onset of 2022, mortgage rates in Canada have surged, spurred […]

When you embark on your journey to homeownership or consider refinancing your existing home, there’s a plethora of terms, acronyms, and numbers thrown your way. It’s like trying to decipher a secret code, and one of those cryptic elements is APR – Annual Percentage Rate. But what exactly is it, and why does it matter […]

Hey there, future homeowner! The journey to owning your dream home begins with a vital checkpoint: getting a mortgage pre-approval. This magical ticket not only unlocks your budget but also lets sellers know you mean business. But don’t worry, I’m here to guide you through the exciting world of mortgage pre-approval do’s and don’ts. Buckle […]

Renewing a mortgage might seem like a routine financial step, but in the ever-changing landscape of interest rates, homeowners in Canada need to be more proactive than ever. With about 66% of homeowners needing to renew their mortgages at least once before paying them off completely, it’s crucial to understand the nuances of mortgage renewal […]