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Variable Rate Mortgage vs Adjustable Rate Mortgage - Do you know the difference?

2022-07-11 | 15:04:17 Although both are impacted by changes to the Prime Rate, Variable Rate and Adjustable Rate Mortgages are not the same. This video helps to explain the key differences. For more information, reach out to review and discuss which may be your best...

Bank of Canada Rate Increase - June 1st 2022

2022-06-06 | 08:34:59  The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also continuing its policy of quantitative tightening (QT).Inflation globally and in Canada continues...

How Mortgage Penalties Are Calculated

2022-06-06 | 08:28:07 If you have a variable rate mortgage and recent economic news has you thinking about locking into a fixed rate, here’s what you can expect will happen: you can expect to pay a higher interest rate over the remainder of your term and could end up...

Bank of Canada Rate Increase

2022-04-13 | 12:03:00 As many predicted, this morning the Bank of Canada announced that it is increasing the overnight lending rate by 0.50% in an effort to control the soaring inflation rate. What does this mean for the Canadian consumer?Expect Banks and Lenders to...

Annual Mortgage Check up

2022-04-11 | 08:51:22 Spring is a great time to consider doing an annual mortagge check up.Organizing a quick mortgage review each year can help provide peace of mind and ensure you are on track to your future goals while still ensuring you're able to manage the...