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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 […]

The Bank of Canada |(BoC) has lowered its key policy rate by 25 basis points this morning, October 29, 2025, to 2.25%. This rate cut was in line with expectations. This is the ninth reduction since the Bank of Canada began easing monetary policy. The BoC policy rate, often called the overnight rate, is the […]

When it comes to mortgages, there are two different types of charges: collateral and standard charge mortgages. It's important to understand the differences between the two charges and how they affect you and your mortgage. Standard Charge Mortgage A standard charge mortgage is the more traditional option. This type of mortgage/charge is registered only for […]

Buying your first home, no matter your age, is a huge milestone! It’s exciting, but it can also feel overwhelming at times, both financially and emotionally. The good news? A little preparation goes a long way in keeping things calm and on track. Here are my best tips to help you minimize stress, avoid surprises, […]

Breaking news: The Bank of Canada just cut its key interest rate by 0.25% on September 17, 2025. This means most lenders’ prime rate should fall to 4.70% in the coming days. Here’s what that could mean for you and your mortgage. 1️⃣ Adjustable Rate Mortgage Holders: If your mortgage is tied to prime, your […]

When your mortgage comes up for renewal, it’s easy to focus on one thing: the interest rate. And yes — getting a competitive rate matters. But your renewal is about so much more than just locking in a number. It’s a chance to make sure your mortgage is still working for you and lining up […]

As expected, the Bank of Canada has left its policy rate unchanged at 2.75% this morning on July 30, 2025. This marks the third consecutive rate hold. The unpredictability of the current tariff situation, as well as higher-than-expected inflation, has left the Bank of Canada moving forward cautiously. A rate hold means no changes for […]