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My Mortgage Blog — Latest Posts
Why Shopping Based On Interest Rate Should Not Be Your Main Goal In Choosing A Mortgage
A growing number of mortgage consumers are looking for features beyond just a great rate.Just 13% of mortgage holders said rate was their sole consideration when choosing their mortgage product last...
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Bank of Canada Raises Rate by 50 BPS
The Bank of Canada has just raised its key lending rate by 50 basis points, bringing it to 1.00%.This marks the second change to the Bank's overnight target rate this year and the first 50-bps rate...
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Now what that the bank of Canada left rates the same and how does it impact buyers on PEI?
The Bank of Canada may have raised its inflation forecasts, but it didn’t raise interest rates this week as many had expected.At its first rate policy meeting of the year, the Bank of Canada confirmed...
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Mortgage Stress Test Staying at 5.25%
If you’re in the market for a home—and a mortgage—you’ll have to continue to prove you can afford monthly payments based on a rate of at least 5.25%. This just means we use this rate to make sure if...
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