📈 Fixed Mortgage Rates Could Rise as Trade Tensions Escalate
Recent trade tensions between Canada and the United States are creating new uncertainty for the economy, and one area that could be affected is fixed mortgage rates. While the Bank of Canada is widely expected to keep its key interest rate unchanged for now, experts say fixed rates could continue facing upward pressure as bond […]
🔴 Carney’s In 🗳️— Can He Afford to Fix Housing? 🏠💸
Canada has voted — and while it wasn’t a landslide, the Liberal Party, now led by former Bank of Canada Governor Mark Carney, has secured a minority government in the 2025 federal election. For those watching the housing market closely, this political shift could mark a new chapter in how we tackle: affordability, construction, and […]
🏠🔓💼 Mortgage Flexibility Unlocked: Canada Eases Stress Test For Uninsured Mortgage Renewals
What Does This Mean for Homeowners? For homeowners, this policy adjustment means: Simplified Renewal Process: If you’re keeping your mortgage amount and amortization the same, switching lenders will be less of a financial ordeal. Increased Flexibility: You can now shop around for better mortgage rates at renewal without the hurdle of re-qualifying under the stress […]