Mortgage Renewals in Early 2025 – Where Might Rates End Up?
May 4, 2025 | Posted by: Barbara Chong
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: Barbara Chong
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: Barbara Chong
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]
Spring Market Outlook: What Buyers and Homeowners Need to Know
March 26, 2025 | Posted by: Barbara Chong
Spring is here, and with it comes one of the busiest times in the Canadian housing market. As the snow melts and For Sale signs start popping up, many buyers and sellers are wondering: what's the mark ... [read more]
Pros & Cons of Paying Off Your Mortgage Before Retirement
March 21, 2025 | Posted by: Barbara Chong
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: Barbara Chong
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: Barbara Chong
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: Barbara Chong
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]
Navigating Uncertainty: How trade tensions could impact mortgages, housing, and rates
February 21, 2025 | Posted by: Barbara Chong
With trade wars and tariffs dominating the headlines recently, many are wondering what effect this could have on the housing market. Lower interest rates offer some relief but we're now facing the pot ... [read more]
Is Now the Right Time to Refinance Your Mortgage?
February 5, 2025 | Posted by: Barbara Chong
With interest rates in Canada decreasing, many homeowners are considering whether this may be the ideal time to refinance. Refinancing involves replacing your current mortgage with a new one, idea ... [read more]
