The Bank of Canada has delivered its first rate cut, lowering its key lending rate by 25 basis points to 4.75% (previously noted as 5.00%).This is the central bank’s first rate cut since the pandemic in March 2020. In its statement, the Bank said, “With...
The Bank of Canada leaves benchmark rate at 5.00% As was widely expected, the Bank of Canada has left its key lending rate unchanged at 5.00%.This marks the Bank’s fifth straight rate hold since it last raised rates back in July.In its statement, the Bank said it is...
Given today’s affordability challenges, finding your perfect dream home right off the bat isn’t always feasible. But did you know there are financing options that allow you to incorporate renovation costs directly into your mortgage? This means as long as you...
Wouldn’t it be nice if your mortgage interest could be tax deductible? What if I were to tell you it is possible in Canada. Maybe not in all cases, but I’d like to share some situations where it can be. Let’s demystify this seemingly complex topic and break it down to...
One of the first big decisions prospective homebuyers face is how they plan to obtain their mortgage. Should they work with their bank, go direct-to-lender or choose a mortgage broker? As a mortgage professional, you can probably assume the option I would...
