WWW.MORTGAGESPEI.CA - Your online source for Canada best mortgage rates

Lori MacDonald || September 06, 2022

How to reduce payment shock at renewal time

By now, “trigger points” should be in the vocabulary of nearly every variable rate mortgage holder.There’s been a great deal of coverage lately about trigger points due to the rise in interest rates...

Lori MacDonald || August 18, 2022

Understanding mortgage down payments

For many homebuyers, the down payment is the biggest hurdle along the path to homeownership.This is especially true for first-time buyers, who often have to scrimp and save for years to come up with...

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...