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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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Mortgage Minute 13

Mortgage Minute 13

What does this mean for your 2022 home buying plans?Our Take We've finally seen the first of a set of rate increases planned by Bank of Canada for this year. Yes, mortgage rates are going up. So what does that mean for your home buying plans this year. Take a Minute to Watch this video, or scroll to the bottom to read our take on the current...

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Mortgage Minute 12: What to Expect in 2022

Mortgage Minute 12: What to Expect in 2022

Welcome to 2022. With ongoing uncertainty in the world what can we expect to see in 2022?

The story of 2021 was dominated once again by the COVID-19 Pandemic, and now that we are in the 3rd calendar year of the pandemic, what can we expect as the world hopefully moves on from the health and financial disaster of the past two years?

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Merry Christmas and a Happy New Year from Mortgages For Less!

Merry Christmas and a Happy New Year from Mortgages For Less!

As another year comes to an end, it’s time to look back at the year but also to wish you a merry Christmas! 2021 has been an interesting year! Lots of ups, and lots of downs. Not just interest rates, but hopes and expectations. In the first part of the year, we saw some of the lowest fixed interest rates ever seen in Canada.

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Top 10 Things to Think About When Becoming a Landlord

Top 10 Things to Think About When Becoming a Landlord

If you are on the verge of buying your first rental property and becoming a landlord, congratulations are in order. You are about to put your money into one of the most time-tested investment options you will ever find. Rental property, if done right, can become the foundation for building personal prosperity and generational wealth.

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Mortgage Minute 11: Why to Choose a Variable Rate November 2021

Mortgage Minute 11: Why to Choose a Variable Rate November 2021

For a long time not a lot of obvious benefit to choosing a variable mortgage rate because relatively the fixed rates were just as low! Since 2008 when rates bottomed out as a result of the sub-prime mortgage bubble burst, we have not seen the bank of Canada rate more than 1.5% higher than it is today.

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Mortgage Minute 10: Post Election Market Update

Mortgage Minute 10: Post Election Market Update

Canada just finished a federal election where really nothing changed. With the election results back, and a recent Bank of Canada update, what can we expect in the Real Estate and Mortgage Market?
Early in September, and mid-way through the Election campaign, the Bank of Canada made it’s sixth interest rate decision and announcement of the year. Once again, like the election, nothing changed.

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Mortgage Minute 9: Inflation-Post COVID

Mortgage Minute 9: Inflation-Post COVID

This week the bank of Canada made its fourth rate announcement of the year. The bank left the overnight rate unchanged yet again, as expected. It did provide somewhat encouraging thoughts on the state of the Canadian and global economy and it also updated its outlook on inflation. Here are a few of the things the bank told us this week.

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