Your mortgage interest payments are likely going up. Is there a way to reduce them? Nov 28th

Interested in learning more about property mortgages in Canada? Look no further!
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How the Bank of Canada’s benchmark rate impacts your finances + MORE Mar 7th

The Bank of Canada (BoC) held its benchmark interest rate at 5% on March 6, marking the fifth consecutive time it has left the rate unchanged. Economists widely expect the BoC to lower its rate at some point in 2024, as inflation falls and the Canadian economy weakens. However, in its March rate ann.... More »

Three-quarters of Equitable Bank’s uninsured mortgages to renew at lower rates this year + MORE Mar 1st

Equitable Bank is optimistic about continued loan growth in 2025, buoyed by expectations that most of its single-family mortgage borrowers will renew at lower rates this year..... More »
 property

OSFI leaves mortgage stress test in place, reaffirms LTI limits for lenders + MORE Jan 29th

OSFI offered no new direction on the qualifying rate, but reiterated that loan-to-income caps for uninsured mortgages remain in place and opened a new six-month consultation tied to its broader guidance review..... More »

How much income do you need to buy a home in Canada? A look at housing affordability in June 2025 Jul 26th

Mortgage rates continue to tick higher, and the impact is being felt in housing markets across Canada, according to the latest affordability data from Ratehub.ca. The June edition of the study, which is conducted monthly to record affordability conditions in real time, found conditions eroded in 12 .... More »

Why three big banks raised fixed mortgage rates despite falling bond yields + MORE Dec 3rd

Despite low bond yields, banks and other lenders are continuing to raise rates. We talked to several rate experts to understand why..... More »
Your mortgage interest payments are likely going up. Is there a way to reduce them?A lump-sum payment would go directly to the principle of your mortgage, meaning you’re immediately paying less interest.

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