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The Mortgage Stress Test Has Already Increased for Some Borrowers

The Mortgage Stress Test Has Already Increased for Some Borrowers

by Frances Hinojosa | Mar 25, 2022 | Blog, Guest Post, Homeownership, Mortgage

Special Guest Post Originally posted by Ross Taylor at CanadianMortgageTrends.com, article can be found here   All eyes have been on the Bank of Canada’s recent rate tightening and its impact on variable mortgages, but now there are fresh concerns given the...
Important Steps for Renewing Your Mortgage

Important Steps for Renewing Your Mortgage

by Frances Hinojosa | Mar 18, 2022 | Blog, Finance, Mortgage

The average mortgage comes up for renewal every five years. And, as you know, a lot can happen over a five-year period. That’s why it’s important to look at your needs and goals every time your mortgage is set to renew to ensure you negotiate the mortgage product and...
What’s a Rate Hold & When Do I Need One?

What’s a Rate Hold & When Do I Need One?

by Frances Hinojosa | Feb 18, 2022 | Blog, Homeownership, Mortgage

Since rates are expected to begin rising and continue on the incline throughout 2022, if you’re planning to buy property anytime soon, it makes sense to secure a rate hold so you don’t have to worry about missing out on the best rate while you’re home shopping. A rate...
2022 Forecast – Interest Rates, Inflation & Housing

2022 Forecast – Interest Rates, Inflation & Housing

by Frances Hinojosa | Feb 4, 2022 | Announcements, Blog, Economy, Finance, Homeownership, Mortgage

In its first policy interest rate announcement of the year – on January 26th – the Bank of Canada (BoC) maintained its current record-low rate of 0.25%. The decision was in line with 2021 forecasts that a rate hike would occur in the second or third quarter of 2022....
Turning Rentability into Profitability

Turning Rentability into Profitability

by Frances Hinojosa | Jan 28, 2022 | Blog, Homeownership, Mortgage

Investing in real estate can be an extremely rewarding experience, especially if you’re properly prepared for the journey. The potential to make money is fairly strong through steady income and appreciation, although return on investment is never guaranteed. In order...
Bank of Canada Report Finds 19% of Homebuyers are Investors

Bank of Canada Report Finds 19% of Homebuyers are Investors

by Frances Hinojosa | Jan 21, 2022 | Announcements, Finance, Homeownership, Mortgage

New Bank of Canada (BoC) findings reveal that investors account for 19% of home purchases dating back to 2014 – steadily outpacing other types of homebuyers during the pandemic.    The report, Housing Demand in Canada: A novel approach to classifying mortgaged...
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