What about rates? The Bank of Canada has paused interest rate drops since April, which has given potential mortgagees pause. There is still one more rate cut predicted this year which could turn the market around. Initially, the CMHC was estimating 5-year fixed rates between 5.3-5.7% this year, but with that now out the window […]

If you’re a first-time homebuyer, congratulations—you’re about to take an exciting step! Once you’ve saved your down payment, your next move should be getting pre-qualified and pre-approved for mortgage financing. While this isn’t a final mortgage approval, it gives you a strong head start. It also allows you to secure a rate and term for […]

Refinancing your mortgage can be a smart financial move for many reasons, and as your trusted mortgage advisor, I’ve seen how much it can benefit homeowners! Ideally, refinancing is done at the end of your mortgage term to avoid penalties, but the timing can vary depending on your goals. For some, it’s about unlocking the […]

The Bank of Canada has been on a mission to combat inflation, and recent data indicates that their efforts are paying off. Inflation fell to 1.6% in September, which is back in line with the central bank’s 2% target. The easing of global oil prices, reduced shelter costs, and improvements in consumer goods pricing have […]