fbpx
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...

read more
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...

read more
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...

read more
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...

read more
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...

read more
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...

read more
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...

read more
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?

read more
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.

read more