Mortgages Blog

Reflections And Insights From The Other Side Of The Desk.

The announcement today by the bank of Canada is that they will increase the overnight target rate by 0.50%, bringing it to 1.00%. This is the first 0.50% rate hike since 2000, and is out of the usual, as typically we’ve only seen 0.25% increases.
Refinancing your mortgage refers to the process of renegotiating your current mortgage agreement for a variety of reasons. Essentially, allowing you to pay off your existing loan and replace it with a new one that better suits your needs.
Spring is just around the corner! Some of you might be anxious to buy or sell this season, so let’s take a look at the trends for the upcoming Spring market!
As has been expected, the Bank of Canada has increased it’s overnight rate from 0.25% to 0.50%. This increase has been coming, albeit sooner than originally predicted when COVID started.
So, You think you’ve found your dream home, and you can’t wait to check it out in person. Before you go, here are a few things that are important to look out for during a home tour