With the Bank of Canada (BoC) cutting rates, borrowers face a critical decision: lock in a fixed rate now or wait for further rate reductions? The right choice depends on multiple factors, including how quickly rates fall, economic uncertainty, and your personal financial situation. Let’s break down whether it’s better to act now or wait. […]

As the Bank of Canada (BoC) initiates a rate-cutting cycle, Canadian borrowers are evaluating the implications for fixed and variable mortgage rates in 2025. Understanding these dynamics is crucial for making informed decisions in a shifting economic landscape. 1. Fixed Mortgage Rates: Anticipated Trends Current Status: Fixed mortgage rates have already decreased in response to […]

The Bank of Canada (BoC) has officially entered a rate-cut cycle—a long-awaited shift after years of aggressive rate hikes. Meanwhile, the U.S. Federal Reserve (Fed) is holding firm, keeping rates high for longer. This divergence between Canadian and U.S. monetary policy raises key questions: Why is Canada cutting rates while the U.S. isn’t? How far […]

However, 2024 is different—Canada has already started cutting rates, while the Fed remains cautious, leaving its rates higher for longer. This divergence creates new opportunities and risks for Canadian mortgage borrowers. Understanding the ripple effects of differing rate paths will help homeowners and buyers make smarter financial decisions. 1. Why Is Canada Cutting Rates While […]

The U.S. Federal Reserve’s interest rate decisions often ripple across global financial markets, influencing economies far beyond its borders. In Canada, the Bank of Canada (BoC) regularly navigates the challenge of maintaining its monetary independence while managing the economic realities of a highly interconnected trade and financial relationship with the United States. This week, we’ll […]

A strong U.S. dollar (USD) doesn’t just impact international trade; it also plays a pivotal role in Canada’s financial markets, mortgage rates, and real estate trends. With the U.S. Federal Reserve continuing its efforts to stabilize inflation through interest rate hikes, the USD has maintained its strength, influencing the Canadian dollar (CAD) and indirectly affecting […]

Canada, with its tightly linked economy, often experiences indirect ripple effects that influence mortgage rates, the housing market, and borrowing costs for Canadians. This week, we’ll explore the relationship between U.S. and Canadian interest rates, helping you understand how changes south of the border can impact your finances. How the U.S. Fed and Bank of […]

  Securing a mortgage as a self-employed borrower can be challenging, especially when managing existing debt. Instead of focusing solely on paying off debts, restructuring and strategically managing them can improve your borrowing power while keeping your financial health intact. This week, we’ll explore actionable strategies to optimize your debt profile and prepare for a […]

For self-employed individuals and non-traditional borrowers, verifying income to qualify for a mortgage can be one of the most challenging aspects of the application process. While traditional salaried borrowers can rely on pay stubs and T4s, non-traditional borrowers often need alternative solutions to demonstrate financial reliability. In this week’s blog, we’ll explore alternative income verification […]

Applying for a mortgage as a self-employed borrower requires extra preparation and organization. Unlike salaried employees, self-employed individuals need to provide additional documentation to prove income stability and financial reliability. In this week’s blog, we’ll outline the key documents lenders typically request and offer tips to help you prepare for a smooth application process. 1. […]