Mortgage Blog
Why the Bank of Canada’s Rate Pause Isn’t a Green Light for Cheap Mortgages
June 8, 2025 | Posted by: Jason Woods
If you've been waiting for interest rates to drop before locking in a mortgage, you're not alone. On June 5, 2025, the Bank of Canada (BoC) decided to hold its overnight lending rate at 4.75%, marking ...
read more
June 4-2025 - Bank of Canada holds policy rate at 2.75%
June 4, 2025 | Posted by: Jason Woods
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. Since the April Monetary Policy Report, the US administration h ...
read more
Navigating the Spring Housing Market: Tips for First-Time Homebuyers
May 28, 2025 | Posted by: Matt Shepherd
Spring is in full swing—and so is the housing market. For first-time buyers in Burlington, ON, this season offers exciting opportunities, but also a fast-paced, competitive landscape. If you're ...
read more
Mortgage Renewals in 2025: Navigating Payment Increases Amid Rising Rates
May 17, 2025 | Posted by: Jason Woods
If you're among the thousands of Canadian homeowners with a mortgage renewal coming up in 2025, you might already be concerned about what rising interest rates could mean for your monthly payments. Du ...
read more
Mortgage Renewals in Early 2025 – Where Might Rates End Up?
May 4, 2025 | Posted by: Jason Woods
A friendly guide for Canadian homeowners who are about to renegotiate one of the biggest contracts of their lives. Introduction - Why Everyone Is Talking About 2025 Renewals If your mortgage is co ...
read moreApril 16 - 2025 - Bank of Canada holds policy rate at 2.75%
April 16, 2025 | Posted by: Jason Woods
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The major shift in direction of US trade policy a ...
read more
Tariffs and Their Effect on Interest Rates: What Canadian Homeowners Should Know
April 5, 2025 | Posted by: Jason Woods
You might be surprised to learn how tariffs-taxes on imported goods-can affect your mortgage or home-buying plans. Tariffs can indirectly influence interest rates, which impacts mortgage payments and ...
read more
Pros & Cons of Paying Off Your Mortgage Before Retirement
March 21, 2025 | Posted by: Jason Woods
If retirement is approaching, you may be considering whether it's wise to pay off your mortgage early. As with many significant financial decisions, there isn't a one-size-fits-all answer. However, ...
read more
March 12-2025 - Bank of Canada reduces policy rate by 25 basis points to 2.75%
March 12, 2025 | Posted by: Jason Woods
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 in a solid position, with infl ...
read more
Mortgage Renewal Coming UP and rates higher than 5 yrs ago - Consider increasing your amortization?
March 7, 2025 | Posted by: Jason Woods
If your mortgage renewal date is approaching, it's important to take action. You might notice something that's hard to ignore: interest rates are significantly higher now than five years ago. You're n ...
read more