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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Mortgage Minute 11: Why to Choose a Variable Rate November 2021
Fixed vs Variable Rates 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...
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?...
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...
Mortgage Minute 8: Rising Interest Rates
Over the past month, Canadian Bond yields have hit their highest level in April of last year. As a direct result, we have seen fixed interest rates nudge up at all lenders. Since 5-year rates are by...
Mortgage Minute 7: 2021 Market Projections
It was only a month ago that we collectively looked back at 2020 and thought “well, THAT was a crazy ride!” Then January 2021 started. Our neighbours to the south saw a rocky transition of power...
Mortgage Minute 6: Interest Rate Update December 2020
While COVID has been the biggest ongoing story of the year and the global pandemic has impacted everyone, there are many related stories too! Interest rates of all sorts have been all over the map...
VIDEO: Holiday 2020 Message
TO ENTER THE DRAW for one of FIVE $100 Gift Cards, watch the video below and look for the special code word to put into the draw form! ***Draw has finalized*** The winners are: Elyse T, Pauline M,...
Mortgage Minute 5: Thanksgiving 2020 Video Update
Happy Thanksgiving from my family to yours. 2020 has been a difficult year for most of us, but I hope we can take this weekend to think of the things we have to be thankful for. Family, friends and...
Mortgage Minute 4: Mortgage Update and Social Distancing
We are now over a month into Social Distancing across most of the world. It will likely last a few more months. It has wreaked havoc on our mental health. It has caused a large number of layoffs, or...