Mortgage Blog
Canada's Mortgage Expert
How Lower Interest Rates Can Impact Your Mortgage: Insights for Canadians
July 10, 2024 | Posted by: Jeremy Schaffner
The Bank of Canada recently made headlines by lowering its interest rates for the first time in over two years. This decision has significant implications for Canadians, particularly t ...
read more
June 5 - 2024 - Bank of Canada reduces policy rate by 25 basis points
July 3, 2024 | Posted by: Jeremy Schaffner
The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization. ...
read more
When to Consider a Private Mortgage: A Guide for Canadian Homebuyers
June 26, 2024 | Posted by: Jeremy Schaffner
Navigating the world of Canadian mortgages can be scary, especially when traditional lenders, like banks and credit unions, close their doors. This is where private mortgages come into play. For ...
read more
Home improvement: Which projects boost your property value?
June 19, 2024 | Posted by: Jeremy Schaffner
For many homeowners, home improvements aren't just about creating a more comfortable living space - they're also key to boosting property value. Here are the home improvement projects that offer the h ...
read more5 Great Ways to Improve Your Credit Score
June 12, 2024 | Posted by: Jeremy Schaffner
As a mortgage professional, we often work with clients who are eager to improve their credit scores. A higher credit score not only increases your chances of getting approved for a mortgage bu ...
read more
RRSP Home Buyers Plan
June 5, 2024 | Posted by: Jeremy Schaffner
In 2024, the Canadian government made significant changes to the Registered Retirement Savings Plan (RRSP) Home Buyers' Plan (HBP), aiming to make homeownership more accessible, particularly for ...
read more
Paying off your mortgage early - The Pros and Cons
May 29, 2024 | Posted by: Jeremy Schaffner
Certainly! Paying off your mortgage early is a significant financial decision that many Canadians grapple with. It can be an appealing goal, offering both financial freedom and peace of mind. That sai ...
read more
April 10-2024 - Bank of Canada maintains policy rate, continues quantitative tightening
May 22, 2024 | Posted by: Jeremy Schaffner
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The Bank ...
read moreThe Impact of Canadian Economic Trends on Mortgage Rates: What You Need to Know
May 15, 2024 | Posted by: Jeremy Schaffner
Navigating the world of mortgages can sometimes feel like trying to predict the weather in Canada: just when you think you've got it figured out, things change. But unlike the weather, understanding ...
read more
Unlocking the Door to Home Ownership: Simple Tips to Boost Your Credit Score
May 8, 2024 | Posted by: Jeremy Schaffner
Hello, homebuyers and financial enthusiasts! Today, we're diving into a topic that's as crucial as it is misunderstood: your credit score. Think of your credit score like a key. The higher it is, the ...
read more