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Mastering Mortgage Matters: Insights from Mortgage Wisdom
From Renter to Owner: How to Qualify for Low-Income Mortgages and Purchase a Home
Understanding Low-Income Mortgages Low-income mortgages are financial tools designed to help individuals and families with limited income purchase a home. Their primary purpose is to make homeownership accessible to those who might struggle to...
Buying a Home During a Trade War? Here’s What to Expect from Mortgage Rates
The Canadian housing market is a significant part of the economy, and any major global or domestic disruption—such as a trade war—can have profound effects on homebuyers, lenders, and real estate investors. Trade wars create economic uncertainty,...
Bank of Canada Lowers Policy Rate to 3% and Concludes Quantitative Tightening
The Bank of Canada has announced a 25-basis point reduction in its overnight rate target, bringing it to 3%. The Bank Rate is now set at 3.25%, while the deposit rate stands at 2.95%. Additionally, the Bank has confirmed the completion of its...
January Predictions: Will the Bank of Canada Reduce Its Lending Rate?
Introduction Overview of the Current Economic Situation in Canada Canada's economy has faced challenges in recent months. Inflation rates have fluctuated, affecting consumer confidence. Job growth is steady, but wage increases lag behind inflation....
2025 Housing Market Forecast: Is It a Good Time to Buy or Sell?
Introduction Overview of Current Housing Market Trends As we approach 2025, the housing market is experiencing notable shifts. Prices have seen fluctuations, with some areas witnessing significant appreciation. Others, however, face stagnation or...
Variable vs. Fixed: Is 2025 the Year to Choose a Variable Rate?
Introduction to Variable and Fixed Rates Definition of Variable and Fixed Interest Rates Variable and fixed interest rates are two types of interest rates that borrowers encounter. A fixed interest rate remains the same throughout the life of a...
Are Canada Mortgage Rates on a Downward Trend? What Homebuyers Need to Know
Introduction to Canada Mortgage Rates Overview of the Canadian Mortgage Market The Canadian mortgage market is crucial for homebuyers. It connects lenders with those seeking homes. Various institutions, such as banks and credit unions, provide...
The Ripple Effect: How Trump’s Tariffs May Influence Mortgage Rates in 2025
Introduction Trump's tariffs, implemented during his presidency, aimed to boost American manufacturing. These tariffs targeted various imports, including steel and aluminium. The intent was to make domestic products more competitive. By raising...
Is a Variable Rate the Right Choice for You in 2025?
The prime rate is finally trending downward. But is now the ideal time to choose a variable rate over a fixed one? Let’s weigh the potential mortgage savings against the risks to help you make an informed decision. Is Your Variable Rate Choice...
The Benefits of Choosing a Mortgage Broker in Victoria Over Direct Lenders
When it comes to securing a mortgage, many homebuyers in Victoria find themselves weighing the pros and cons of working with a mortgage broker versus going directly to a lender. While both options can ultimately help you secure financing, there are...
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