Mortgage Blog

Category: Financing (18 posts)

Navigating Mortgage Renewals in Canada 2024: Insights and Strategies

September 18, 2024 | Posted by: Dallas Martin

Navigating Mortgage Renewals: A Guide for Canadian Homeowners Welcome, fellow Canadian homeowners! As you prepare for the journey of mortgage renewals, it’s time to explore the financial land ...

The Bank of Canada Says 'Hold Your Horses': What It Means for Your Mortgage

January 25, 2024 | Posted by: Dallas Martin

Ready for a fresh scoop from the finance world? No, it's not about a lost calculator or a misplaced pie chart. It's more intriguing - the Bank of Canada has held its target for the overnight rate at a ...

Taking the Heat Off Mortgages: Unpacking FCAC's Fresh Guidelines

July 7, 2023 | Posted by: Dallas Martin

The Financial Consumer Agency of Canada (FCAC) has rolled out new guidelines. Their aim? To protect our fellow Canadians who are feeling the heat with their mortgages. These guidelines were first ...

4.75% and Climbing: Bank of Canada's New Interest Rate and Its Impact on the Economy and Housing Market ????

June 8, 2023 | Posted by: Dallas Martin

4.75% and Climbing: Bank of Canada's New Interest Rate and Its Impact on the Economy and Housing MarketThe Bank of Canada has done it again! They've raised the target for the overnight rate to a whopp ...

Mastering the Art of Managing Debt: Strategies for Improving Your Credit Score

March 18, 2023 | Posted by: Dallas Martin

Mastering the Art of Managing Debt: Strategies for Improving Your Credit Score Are you considering applying for a mortgage but worried your credit score won't qualify? You’re not alone! Many Ca ...

Bank Of Canada Holds Interest Rate at 4.5%

March 8, 2023 | Posted by: Dallas Martin

Bank Of Canada Holds Interest rate at 4.50%Canadians sigh in relief after the Bank of Canada announced that it will keep its interest rate at 4.5%. After all, the bank had hiked rates eight consecutiv ...

Residential Mortgage Quarterly Review - Q2 2022

August 22, 2022 | Posted by: Dallas Martin

Higher Borrowing CostsThe Canadian Real Estate Association has adjusted its projections downward based almost solely on rising interest rates and the federal mortgage stress test.“A critical ele ...

Inflation and the “R” word

July 12, 2022 | Posted by: Dallas Martin

Inflation and the “R” wordCOVID variants. Inflation. Interest rates. And now, recession. It seems we are being exposed to a new crisis with every moon cycle. No wonder consumer confidence ...

The War & Interest Rates

March 2, 2022 | Posted by: Dallas Martin

The War & Interest RatesThis week’s interest rate announcement by the Bank of Canada was almost universally expected to bring an increase; probably 0.25% but possibly as much as 0.50%.Then R ...

Bank of Canada holds Interest Rate

January 27, 2022 | Posted by: Dallas Martin

Bank of Canada holds benchmark interest rate steady, updates 2022 economic outlookThis morning in its first scheduled policy decision of 2022, the Bank of Canada left its target overnight benchmark ra ...

Rate Increase On the Rise

July 17, 2021 | Posted by: Dallas Martin

Rate Increase On the RiseA few weeks ago, in the run-up to the Bank of Canada’s last interest rate setting, market watchers were abuzz with the prospect of another drop – even if it was ju ...

Residential Market Update - December Sales

January 27, 2021 | Posted by: Dallas Martin

Residential Market Update - December SalesAs COVID-19 vaccines began rolling out, Canadians racked up another record-setting month for home sales.Canadian Real Estate Association numbers for December ...

Caution And Patience As We Look Ahead

October 14, 2020 | Posted by: Dallas Martin

Residential Market Commentary - Caution and patience as we look aheadThe latest employment numbers coupled with the September reports from the Toronto and Vancouver real estate boards have triggered a ...

CMHC Credit Score Criticism

June 16, 2020 | Posted by: Dallas Martin

CMHC credit score criticismThe new insurance rules put in place by Canada Mortgage and Housing Corporation still have lenders, borrowers and brokers wondering what is going to happen. There is a range ...

Residential Market Commentary - Fending off fear

March 24, 2020 | Posted by: Dallas Martin

Residential Market Commentary - Fending off fearThe months ahead – as the Coronavirus pandemic plays out – are shaping up to be trying times. For people with debt, and in particular mortga ...

Canadian and U.S. central banks respond to COVID-19

March 17, 2020 | Posted by: Dallas Martin

Canadian and U.S. central banks respond to COVID-19On Friday afternoon March 13, 2020, Canadian policymakers from the Department of Finance, the Bank of Canada and the Office of the Superintendent of ...

Strategies to Dig Yourself Out of the Debt Hole

November 13, 2019 | Posted by: Dallas Martin

Debt. It's something almost everyone will have at some point in their life. But what happens when your debt begins to get the better of you? What options are available? Some simple strategies can he ...

Why You Need an Emergency Fund And How to Get One

November 6, 2019 | Posted by: Dallas Martin

Building an emergency fund is something most people know they should do but few actually get around to doing. A recent study found that nearly two-thirds of Americans did not have an emergency fund, a ...