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Lori MacDonald || September 09, 2022

The Bank of Canada’s rate hikes may not be done yet SEP 9, 2022

In addition to raising interest rates by another 75 basis points this week, the Bank of Canada also signalled that it’s not done hiking just yet.As expected, the Bank raised its overnight target rate...

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...