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Mortgage Minute 22: The Bank of Canada’s Final Rate Increase

Time To Evaluate Is the Bank of Canada finally ready to stop their rate hikes? Need Some Mortgage Advice? Whether getting a mortgage on your first home, or looking at options for your next one we are here to help. Our team prides itself on open and honest advice. Come see why we just received an award for top 100 mortgage brokers in the world....

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Mortgage Minute 21: Why Are Variable Rates Higher Than Fixed?

Variable Rates Are Higher Than Fixed!?Are they supposed to do that? Variable mortgage rates are higher than fixed. What exactly does this mean? Interest Rates are Inverted!?!   It is a common understanding that taking a 5-year variable rate mortgage nearly always costs less when compared to a 5-year fixed rate mortgage.  Usually, the...

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Mortgage Minute 20: Bank of Canada Raises Rates for the Last Time in 2022

The Final  2022 Rate AdjustmentIt's Finally Here. Can we expect to see a leveling out in 2023? Need Some Mortgage Advice?Whether getting a mortgage on your first home, or looking at options for your next one we are here to help. Our team prides itself on open and honest advice. Come see why we just received an award for top 100 mortgage brokers...

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Mortgage Minute 19: Is the end in sight?

Mortgage Minute 19: Is the end in sight?

  Are we finally in for some good news?Our Take According to the Bank of Canada the increased interest rates are having their desired effect. Inflation is slowing, as is the housing market in the hot markets of Vancouver and Toronto. We should be seeing interest rates returning to a pre-pandemic level in the next year. Now might be the time...

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Mortgage Minute 18: The Fight Against Inflation Continues

Mortgage Minute 18: The Fight Against Inflation Continues

  The War in Ukraine, Continuing Effects of Covid-19, and Volatile Commodity Rates To Blame. Our Take The government continues to battle the sky-high interest rates caused by continued Covid-19 lockdowns in China, supply chain issues, the war in Ukraine, as well as continued economic pressured caused by the pandemic. These rate hikes...

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Mortgage Minute 17: Winning The Battle Against Inflation!

Mortgage Minute 17: Winning The Battle Against Inflation!

  The Bank of Canada makes their biggest move yet to curb the rising tide. Our Take The governments took a pre-emptive step today against rising inflation and rose their lending rate higher than most economists projected. Our opinion is that we may see rates continuing to increase for another year and start relaxing in 2023. In the meantime...

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Mortgage Minute 16: Rising Rates. And Rising Inventory!

Mortgage Minute 16: Rising Rates. And Rising Inventory!

  Well the market has settled down, is it time to jump in!Our Take The governments rate hikes over the first half of this year have had their desired affect. The housing market has normalized from the frenzy of 2021. But with rates up at this time many buyers are scared to pull the trigger. Watch to see where we think the rates will go from...

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Mortgages Minute 15: Rates move 0.5% higher! What does this mean for you?

Mortgages Minute 15: Rates move 0.5% higher! What does this mean for you?

  Is it time to sit tight, or is now the time to find bargains!Our Take The Bank of Canada has again raised their lending rate. However the moderation of last years extremely hot housing market might mean that now is YOUR perfect time to enter the market. Watch the video or read our blog below to get our full take.Want to Talk? We are always...

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Mortgage Minute 14: Prime Interest Rates Rise 0.5%

Mortgage Minute 14: Prime Interest Rates Rise 0.5%

Is it time to PANIC? What I think this means for our mortgage market?Our Take The Bank of Canada just raised their rates by the largest amount in 22 years. This .5% rate hike now puts the overnight lending rate at 1%. What does this mean for your home buying plans? Should you choose a fixed of Variable Mortage? Watch the video to discover my...

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