Mortgages Blog

Reflections And Insights From The Other Side Of The Desk.

As the new year approaches, it's a natural time to reflect on our personal goals and set resolutions for the months ahead. Your home and finances are key areas where small, intentional changes can lead to big improvements in security, stability, and quality of life. Here are some resolutions to get you started!
Refinancing can be a smart financial move, whether to access home equity, consolidate debt, secure a better rate, or adjust your mortgage terms. While refinancing at the end of your term avoids penalties, the right timing depends on your goals. Let’s explore how refinancing could benefit you!
As of January 15, 2025, new mortgage rules are coming into effect in Canada for homeowners looking to add additional dwelling units to their properties. These changes will impact how borrowers can access mortgage insurance for secondary units such as basement apartments or in-law suites. Below, we’ll break down the key points of this new policy and what it means for those looking to expand their living space.
With the Bank of Canada rate decreases throughout the summer and into September, I thought this would be a great opportunity to update you on what this means for your mortgage.
The initial Bank of Canada rate cuts this past summer did not spur housing activity as anticipated, but potentially more on the way will continue to affect the housing market outlook. New listing levels are expected to rise as sellers who may have held back enter the market with the hope that lower mortgage rates will attract additional buyers.
When it comes to homeownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker!