Mortgage Blog
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Category: Mortgage (14 posts)
How Mortgage Rates Affect Buying Power?
September 16, 2022 | Posted by: Jason Quamina
How Mortgage Rates Affect Buying Power? Do You Know How Your Mortgage Rate Affects Buying Power? To maximize your purchasing power, you should understand how interest rates impact your home buying p ...
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A look at how rate increases impact different mortgage types
September 8, 2022 | Posted by: Jason Quamina
With inflation at its highest level in almost 40 years, the Bank of Canada continues to take drastic action to cool the economy with the latest of five consecutive rate increases announced on Septembe ...
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Bank Of Canada Rate Update September 7, 2022
September 7, 2022 | Posted by: Jason Quamina
Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.25%, with the Bank Rate ...
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Should You Pay Off Your Mortgage Early?
August 24, 2022 | Posted by: Jason Quamina
It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will explore some o ...
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Budgeting for Inflation
August 4, 2022 | Posted by: Jason Quamina
If you thought the end of the pandemic would bring a return to economic normalcy, 2022 has certainly been surprising. Summer has seen inflation return to the forefront of consumers' economic worries f ...
read moreBank Of Canada Rate Update July 13, 2022
July 13, 2022 | Posted by: Jason Quamina
Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 2.5%, with the Bank Rate ...
read moreMortgage Fundamentals for Home Purchases
July 7, 2022 | Posted by: Jason Quamina
Mortgage Fundamentals for Home Purchases With interest rates continuing to rise, and housing markets beginning to cool, if you're considering a home purchase anytime soon, it's a good idea to revisit ...
read moreMortgage Fundamentals for Home Purchases
July 7, 2022 | Posted by: Jason Quamina
With interest rates continuing to rise, and housing markets beginning to cool, if you're considering a home purchase anytime soon, it's a good idea to revisit some mortgage fundamentals to ensure you' ...
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How Rising Rates Can Affect Your Mortgage
June 3, 2022 | Posted by: Jason Quamina
The one-two-punch of supply chain issues and the war in Ukraine has pushed inflation in Canada to its highest level in 30 years and spurred the Bank of Canada to move toward a tighter monetary polic ...
read moreBank Of Canada Rate Update June 1, 2022
June 1, 2022 | Posted by: Jason Quamina
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at ...
read moreHow a Mortgage Pre-Approval Can Protect You from Rising Rates
May 26, 2022 | Posted by: Jason Quamina
With interest rates rising, it's important to lock in a lower rate as soon as possible. You can do this with the right home mortgage pre-approval. Find out how! Do you plan on searching for and buy ...
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The Tax Free First Home Savings Account (FHSA) explained
May 5, 2022 | Posted by: Jason Quamina
The Tax Free First Home Savings Account (FHSA) explained If you or someone you know is saving for a down payment on their first home, the Federal government announced a new program aimed at first-tim ...
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How is a Private Mortgage Different Than a Traditional Bank Mortgage
May 4, 2022 | Posted by: Jason Quamina
Understanding the difference between private mortgages and traditional bank mortgages can help you make the best decision for financing a new home. Each option provides the money to secure real estate ...
read moreBank Of Canada Rate Update April 13, 2022
April 13, 2022 | Posted by: Jason Quamina
Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% ...
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