After the Bank of Canada’s second rate announcement of 2023, the prime lending rate will remain unchanged at 6.70%. Topics covered in Today’s Blog: Our job is to help you simplify the mortgage process As your Mortgage Professional, I understand that this past year has been particularly trying for many … Read More
September 7th: Prime Rate Announcement & Your Trigger Rate
You have likely heard a lot of talk about your “trigger rate” and “trigger points”. How will another Prime Increase affect your mortgage?
Bank of Canada Business Outlook and Consumer Expectations Surveys | Q2 – 2022
Every Quarter, the Bank of Canada releases its Business Outlook Survey and Consumer Expectations Survey to analyze Canadian businesses and individuals’ general perceptions and current operations. The two combined allow the Bank of Canada to forecast future market trends and gather a broad range of economic perspectives. Below, find the … Read More
Mortgage Insurance for New To Canada Homebuyers
Whether you’re new to Canada, a permanent resident or a foreign investor, you’ve probably heard of mortgage insurance. The biggest misconception about mortgage insurance is that it benefits the borrower. When in reality, it is used to protect the lender against the risk of the borrower defaulting on their mortgage. … Read More
New to Canada Mortgages
Whether you’re a permanent resident or newly arrived in Canada, finding and financing your future home is one of the most important decisions you can make for yourself and your family.