by Karen Wotherspoon | Mar 4, 2022 | Blog
When shopping for a mortgage, many people tend to focus exclusively on obtaining the lowest rate. This is due, in large part, to advertising messages indicating that this is the best action to take. Unquestionably, rate is an extremely important component of any...
by Karen Wotherspoon | Feb 18, 2022 | Blog, Homeownership, Mortgage
Since rates are expected to begin rising and continue on the incline throughout 2022, if you’re planning to buy property anytime soon, it makes sense to secure a rate hold so you don’t have to worry about missing out on the best rate while you’re home shopping. A rate...
by Karen Wotherspoon | Feb 4, 2022 | Announcements, Blog, Homeownership, Mortgage
In its first policy interest rate announcement of the year – on January 26th – the Bank of Canada (BoC) maintained its current record-low rate of 0.25%. The decision was in line with 2021 forecasts that a rate hike would occur in the second or third quarter of 2022....
by Karen Wotherspoon | Jan 24, 2022 | Announcements, Blog, Economy, Finance
New Bank of Canada (BoC) findings reveal that investors account for 19% of home purchases dating back to 2014 – steadily outpacing other types of homebuyers during the pandemic. The report, Housing Demand in Canada: A novel approach to classifying mortgaged...
by Karen Wotherspoon | Jan 7, 2022 | Blog, Economy, Homeownership, Mortgage
For its final announcement of the year – on December 8th, 2021 – the Bank of Canada (BoC) maintained its target overnight interest rate at 0.25% with the expectation that a rate hike would occur in the second or third quarter of 2022, possibly in time for the spring...
by Karen Wotherspoon | Dec 17, 2021 | Blog, Mortgage
There are times when it makes good financial sense to break your mortgage early. This can include when you choose to take advantage of lower interest rates, pay down debt, renovate or even pay for your kid’s tuition. But, regardless of your reasoning, it’s important...
