Mortgage Blog
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Mortgage Renewals in Early 2025 – Where Might Rates End Up?
May 4, 2025 | Posted by: Kiruban Kana
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 ...
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April 16 - 2025 - Bank of Canada holds policy rate at 2.75%
April 16, 2025 | Posted by: Kiruban Kana
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 ...
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Tariffs and Their Effect on Interest Rates: What Canadian Homeowners Should Know
April 5, 2025 | Posted by: Kiruban Kana
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 ...
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Variable-Rate Mortgages: What You Should Know
April 1, 2025 | Posted by: Kiruban Kana
Shakespeare might have thought ‘to be or not to be’ was the ultimate question, but he wasn’t living in 2025 trying to minimize bank fees and interest charges while maximizing financi ...
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Pros & Cons of Paying Off Your Mortgage Before Retirement
March 21, 2025 | Posted by: Kiruban Kana
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, ...
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March 12-2025 - Bank of Canada reduces policy rate by 25 basis points to 2.75%
March 12, 2025 | Posted by: Kiruban Kana
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 ...
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Mortgage Renewal Coming UP and rates higher than 5 yrs ago - Consider increasing your amortization?
March 7, 2025 | Posted by: Kiruban Kana
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 ...
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How will tariffs potentially affect Interest rates
February 27, 2025 | Posted by: Kiruban Kana
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 ...
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Is Your Mortgage Up for Renewal in 2025? Don’t Settle—Let’s Find You a Better Deal!
February 12, 2025 | Posted by: Kiruban Kana
Your lender’s first renewal offer isn’t always the best one—and accepting it without exploring your options could cost you hundreds or even thousands each month. Did you take out a ...
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Is Now the Right Time to Refinance Your Mortgage?
February 5, 2025 | Posted by: Kiruban Kana
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 ...
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