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Lori MacDonald || October 30, 2024

Bank of Canada’s fourth consecutive rate cut brings more relief to borrowers

The Bank of Canada delivered a 50-basis-point (bps) rate cut on Wednesday, bringing its policy rate to 3.75%, its lowest level in two years.This marks the fourth straight rate reduction, providing...

Lori MacDonald || October 16, 2024

What happens if you miss a mortgage payment?

Missing a mortgage payment can be a stressful experience, but it’s important to know what to expect if it happens and what options are available to prevent long-term consequences.For many homeowners,...

Lori MacDonald || September 16, 2024

Federal government raises CMHC mortgage cap to $1.5M and expands 30-year amortizations for first-time buyers

Sep 16, 2024The federal government todayannouncedsome sweeping changes to Canada’s mortgage system in an effort to improve housing affordability and access.One of the key changes is the increase in...

Lori MacDonald || September 05, 2024

Switching your mortgage: Is it right for you?

When your mortgage term comes to an end, you may be faced with the question: should I stay with my current lender, or should I explore other options?This decision is often referred to as a "switch,"...