Recent mortgage industry changes – December 2024

There have been changes to Canada’s mortgage rules that could open up great opportunities for you. Whether you’re a first-time buyer, considering refinancing, or approaching your mortgage renewal, these changes may positively impact your mortgage options. A summary of recent mortgage industry changes:As of November 21, 2024:• No stress test qualifying for mortgage switches (both […]

95% of borrowers opted for a fixed-rate mortgage in June 2023

Personally, I will always opt for a fixed mortgage rate over a variable rate. It’s a decision based on your risk tolerance and overall budget. In a research report by National Bank Financial, a record 95% of borrowers opted for a fixed-rate mortgage in June. This is largely due to the uncertainty around the Bank […]

3 in 10 Canadian homeowners regret their mortgage choice

With the sharp rise in variable interest rates over the past year, many homeowners are regretting their current mortgage decision due to affordability and the increased cost of living. If this sounds like you – let’s talk. While fixed rates aren’t much lower than a variable at this time, we can look at your overall […]