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My Mortgage Blog — Latest Posts
Buying a home is a sellers market.
Buying a home in a seller's market can be challenging, but working with a mortgage broker like Dave Oliver from TMG (The Mortgage Group) in Saskatoon can be very beneficial. Here’s a general guide on...
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Slowing inflation raises Bank of Canada rate cut expectations
Canada's headline inflation rate slowed more than expected to a pace of 2.7% in June, according to new figures from Statistics Canada. That's down from May’s reading of 2.9% and reverses an...
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Canadian housing market activity picked up in June
The Canadian housing market saw a modest increase in home sales in June, according to the latest report from the Canadian Real Estate Association (CREA). Home sales in Canada rose by 3.7% in June...
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Fixed Vs Variable over 5 years ..which is better assuming 5 .25BPS rate drops
To compare the interest paid on a $500,000 mortgage with 20 years left on amortization under a 5-year term:4.99% Fixed RateCurrent Variable Rate at 6.2% with Expected Rate Drops:5 drops of 0.25%...
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