Time to Rethink a Variable Rate Mortgage?
With the Bank of Canada expected to start cutting interest rates in the later half of 2024 is it time to revisit variable rate mortgages? TD Bank introduces a deeply discounted 5 year variable of Prime minus 1.01% (6.19%) Arguments for and against a variable rate mortgage right now Unusual Trend in 2021 ...
Osfi Mortgage Rule Changes 2025: What Homebuyers Need to Know
In the ever-evolving landscape of real estate, prospective homebuyers are often met with a myriad of factors to consider before making one of the most significant financial decisions of their lives. Among these considerations are mortgage rules, which play a crucial role in shaping the accessibility and affordability of homeownership. As we look ahead ...
Why Waiting to Save for a 20% Down Payment Could Cost You More
Are you a first-time homebuyer feeling overwhelmed by the daunting task of saving for a 20% down payment? In this video, we why explore why grinding to save 20% for your down payment may actually end up costing you more and reveal why an insured mortgage in Toronto might be the key to achieving ...
Rate Watch April 2024
Today, the Bank of Canada maintained its overnight lending rate, as anticipated. Many have speculated about a potential rate cut in June, but is it truly a foregone conclusion? In the realm of mortgages, few events generate as much speculation and anticipation as central bank meetings. Every decision made by institutions like the Bank ...
The Broker Advantage: Why Choose a Broker Vs Your Banker
Buying a home is an exhilarating journey, but navigating the complexities of mortgages can often feel like getting lost in a maze. With numerous options available and conflicting advice from various sources, it’s easy to feel overwhelmed and uncertain about the best path forward. That’s where a seasoned mortgage broker steps in, offering clarity, ...
Inflation Watch March 2024: Inflation Lower Than Expected
Join me as I discuss the inflation rate for February, which came in at 2.8%, lower than the previous month and below the expected 3.1%. This indicates a positive trend influenced by the high interest rate policy of the Bank of Canada. Food prices contributed to the decrease in inflation, while gasoline prices and ...