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Our Latest Articles on Mortgage Trends, Business and Finance

Managing Mortgage Renewals Amid High Interest Rates In Canada

In 2023, the Canadian economy experienced significant changes in two key economic parameters: inflation and interest rates. On an annual average basis, the consumer price index, which measures inflation rates, increased by 3.9%. The CPI started its upward trajectory during the pandemic, with 2022 experiencing a 40-year high inflation increase of 6.8%. These factors will likely have […]

Why Mortgage Relief Is Looking Unlikely For Canadians In The Short Term

The Bank of Canada held the overnight lending rate at 5% at its October 25 meeting. Previously, the policy rate increased from 4.25% to 4.5% in January and was held at this rate until the decisions to increase the rate by 25 basis points consecutively in June and July. Meanwhile, inflation increases have ebbed and flowed recently. […]

The Impact Of Interest Rate Increases On The Mortgage Market

The mortgage market is highly driven by movements in interest rates. Higher interest rates increase the cost of financing across all different segments of the real estate market. For many individuals and businesses, an increase in interest rates is significantly impacting affordability and investments in the market. Homeowners locked into fixed mortgage rates are temporarily […]

Key Impacts On Canada's Heated Real Estate Market

The Canadian real estate market has been arguably overpriced, especially in cities like Vancouver and the Greater Toronto Area (GTA). Housing prices have skyrocketed as inflation, supply chain setbacks, the pandemic, and other economic factors continue to drive costs up. As policy interest rates continue to rise, there has been speculation about what impact this […]

What You Should Know About Mortgage Prepayment Penalties

Purchasing a real estate property through a mortgage is a substantial financial commitment and thus, the underlying terms and conditions should not be ignored. The property buying process includes contractual agreements that may indicate mortgage prepayment penalties. To share what I know from my role as CEO of a company based in the mortgage and […]

What Business Owners Should Understand About Their Mortgage Lender Options

Changes in customer behavior, maintaining an efficient supply chain and enduring through lockdowns and government restrictions are only a few of the challenges that business owners have to deal with to financially thrive. The Canadian Federation of Independent Businesses has reported that nearly 239,000 businesses are at risk of permanently closing due to the impacts of Covid-19. […]

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