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Lori MacDonald || July 11, 2022

Mortgage market snapshot: Majority of borrowers opted for variable rate mortgages in 2021

Variable mortgage rates were the product of choice for a majority of new borrowers in 2021 and into 2022, according to new data from the Canada Mortgage and Housing Corporation (CMHC).Over 53% of new...

Lori MacDonald || June 24, 2022

Be prepared when it comes to mortgage closing costs

When new homebuyers are shopping for their first home, they tend to focus on the number one expense: the down payment.But there’s a myriad of additional costs, all of which can add up and potentially...

Lori MacDonald || June 09, 2022

Your Mortgage Renewal Questions Answered

Many homeowners dread mortgage renewal time, especially when interest rates are rising as they are today.It means you’ll likely be resetting your mortgage at a higher rate, with higher monthly...

Lori MacDonald || June 04, 2022

Breaking down the Bank of Canada’s latest rate hike

Variable-rate mortgage holders with fixed payments, don’t have to worry about fluctuations in their monthlymortgage payments. Instead of your payment increasing, the amount of money going towards...