Mortgages Minute 15: Rates move 0.5% higher! What does this mean for you?
Deja Vu Bank of Canada Raises Rates by 0.5% 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...
Mortgage Minute 14: Prime Interest Rates Rise 0.5%
Prime Rate Just Went Up 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...
Mortgage Minute 13
Bank of Canada Has Finally Risen Their Rate 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...
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?
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.