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The Bank of Canada's recent rate announcement was a hold. Here's what it means for you, your mortgage, and your plans in 2026. What just happened? This past Wednesday, January 28, 2026, the Bank of Canada held its key interest rate at 2.25%. This is the second rate hold in a row Most experts expected this […]

One of the most common questions I hear is: “Should we wait?” “What if rates drop?” “What if they go up?” The honest answer is this: interest rates are out of our control, just like many of the factors that influence them. The Reality of the Mortgage Landscape Interest rates are shaped by forces far […]

Canada’s November Labour Force Survey delivered another upside surprise. The economy added more than 53,000 jobs, marking the third straight month of stronger-than-expected gains. In total, employment has grown by 180,000 positions since September, the strongest three-month period in roughly a year. At first glance, the numbers paint a picture of an economy gaining momentum. […]

As a homeowner in Canada, you’ll eventually face a key moment where you need to renew and/or refinance your mortgage, but not every situation calls for the same solution. Two of the most common options are mortgage renewal and mortgage refinancing. While they sound similar, they serve very different purposes and can have a huge […]

If you’re a homeowner in Canada, you’ll face several mortgage renewals during your time as a homeowner. But what does “mortgage renewal” actually mean, and how do you make sure you’re getting the best mortgage option for you? Many people simply sign their renewal letter out of convenience… and it often costs them thousands of […]

As you know, the market in March 2022 was one of the most challenging affordability moments we’ve seen in years. Buyers were dealing with: Record-high home prices Historically low inventory and intense bidding wards A low mortgage stress test rate of 5.25% And because prices were higher, even those very low interest rates meant higher […]

Here’s something most homeowners are surprised to learn: the interest rate you see advertised on a variable-rate mortgage might not actually be the real rate you pay. Variable-rate mortgage interest is compounded one of two ways, either monthly or semi-annually, which changes your true cost of borrowing. Why Compounding Matters If you take out a […]

When your mortgage comes up for renewal, it might feel easiest to just sign the offer your lender sends you. And while that can be the right move, it can also mean leaving money on the table or not seizing the opportunity to improve your cash flow. Here’s what I want every homeowner to know […]

In Canada, mortgage default insurance, sometimes referred to as CMHC insurance, is designed to protect lenders in the event of a borrower defaulting on their mortgage. While it safeguards the lender, it also benefits buyers by allowing them to purchase a home with a smaller down payment. 1. What Is Mortgage Default Insurance? Mortgage default insurance is required by law when a buyer’s […]