by Boris Mahovac | Blog, Financial Advice, Mortgage news, Mortgages, New Products
Could 30-Year Fixed Mortgages Work in Canada? Imagine this: You buy a house and lock in a steady mortgage rate for the next 30 years. No surprises, no hikes. Want to pay it off early? No problem—no massive penalties. Rates drop–just refinance! That’s how most...
by Boris Mahovac | Blog, Mortgage news, Mortgages
Big mortgage changes coming today, on December 15, and they’re a total game-changer! With payments dropping by up to 25% compared to last year, it’s the perfect time to help your clients see what’s possible. The Big Picture Imagine a buyer aiming for a $750,000 home...
by Boris Mahovac | Blog, Mortgage news, Mortgages
On October 23, 2024, the Bank of Canada made a big move, cutting its key interest rate by 0.5%, which dropped the overnight rate to 3.75%. Now, the Bank Rate sits at 4%, and the deposit rate is aligned with the overnight rate too. This decision is all about giving the...
by Boris Mahovac | Blog, Mortgage news, Mortgages
The Deputy Prime Minister and Minister of Finance, Chrystia Freeland, announced significant changes to mortgage rules. Many of these changes reflect MPC’s persistent advocacy on behalf of our industry and Canadian homebuyers. Among the new measures are several key...
