Preparing for Renewal Season
Oct 2025 | Preparing for Renewal Season: What 2026 Borrowers Should Do Now With nearly 60% of Canadian homeowners set to renew their mortgages by the end of 2026, preparation has never been more important. After years of ultra-low rates during the pandemic, many borrowers will soon renew into a higher-rate environment. The good news? […]
Navigating Mortgage Renewals
Sept 2025 | Navigating Mortgage Renewals From Rock-Bottom Rates to Today’s Reality If you were lucky enough to secure a mortgage in the early days of 2020, chances are your rate was impressively low, often near 1% to 2%. At the time, the Bank of Canada’s overnight rate was a mere 0.25%, helping hundreds of […]
How Your Credit Score Impacts Mortgage Approval
Aug 2025 | How Your Credit Score Impacts Mortgage Approval If you’re thinking about buying a home, you might be wondering how your credit score influences the process. The short answer: your credit score is one of the most important factors lenders consider when it comes to mortgage approval, as well as the rates and […]
25-Year vs. 30-Year Mortgage
July 2025 | 25-Year vs. 30-Year Mortgage If you’re thinking about buying a home, one of the biggest decisions you’ll face is choosing your mortgage’s amortization period. Should you go for the traditional 25-year mortgage or take advantage of the newer, longer 30-year option? Let’s break it down in a way that makes sense for […]
Thinking About Flipping a House in Edmonton?
June 2025 | Flip Mortgage Program Are you eyeing that “fixer-upper” in Edmonton and dreaming of turning it into a showstopper? House flipping is more popular than ever, and with the right mortgage program, it’s easier to get started than you might think! What is a Flip Mortgage Program? A flip mortgage program is designed […]
Unlocking the Value in Your Home
May 2025 | Home Equity Unlocking the value in your home can be a smart way to fund major renovations or get a handle on high-interest debt. If you’ve built up equity—the difference between your home’s current value and what you still owe on your mortgage—you may be able to access that value through a […]
To Refinance or Not to Refinance: Navigating Mortgage Renewal in 2025
Apr 2025 | To Refinance or Not to Refinance As mortgage renewal season approaches, many homeowners are grappling with a critical question: Should I refinance my mortgage? With interest rates higher than what many locked in years ago and looming financial pressures like debt, this decision can feel overwhelming. Let’s explore how refinancing could help—and […]
30-Year Amortizations on New Builds: What You Need to Know
Mar 2025 | 30-Year Amortization Big Changes in 2024! Last year, Canada shook things up with new mortgage rules. Initially, only first-time buyers of new builds could snag a 30-year amortization (starting August 1, 2024). But by September 16, 2024, anyone buying a new build—yes, even condos or pre-construction homes—could opt in, effective December 15, […]
Navigating the Mortgage Renewal Storm: Preparing for 2025
Feb 2025 | Mortgage Renewal Canadian homeowners face a significant financial challenge: mortgage payment shock. With approximately 1.2 million Canadians set to renew their mortgages in 2025, the landscape looks daunting, especially for those who secured loans during historically low interest rates. Understanding the Scope The situation is particularly concerning when we consider that about […]
How Trump’s Win is Impacting Canadian Mortgage Rates
The recent news of Donald Trump’s win has sent ripples through global financial markets, affecting Canadian mortgage holders and homebuyers. Here’s a breakdown of what this means for the Canadian economy and mortgage rates. Immediate Market Reactions Following Trump’s victory, there was a significant surge in equities, crypto markets, and bond yields. This increase in […]