by cmsdudes | Dec 10, 2024 | Blog
There is an unprecedented disparity between the economic and financial situation in the US and Canada. The Canadian economy is far more interest-sensitive than the US and, therefore, slowed more dramatically in response to the Bank of Canada’s restrictive policy to...
by cmsdudes | Nov 14, 2024 | Blog
Refinancing your mortgage can be a smart financial move for many reasons, and as your trusted mortgage advisor, I’ve seen how much it can benefit homeowners! Ideally, refinancing is done at the end of your mortgage term to avoid penalties, but the timing can vary...
by cmsdudes | Nov 14, 2024 | Blog
The 2024-2026 mortgage renewals “cliff” is manageable as long as the Bank of Canada cuts interest rates and the job market and economy don’t weaken too much. Owing to the 75 basis point rate decline through September and the 50 bps cut in October,...
by cmsdudes | Oct 10, 2024 | Blog
Two significant developments in September will have a lasting positive impact on Canadian housing activity. First were Ottawa’s measures to make housing more affordable. Second was the Fed’s 50 basis point rate cut. Ottawa has come under increasing pressure to reduce...
by cmsdudes | Oct 10, 2024 | Blog
With the Bank of Canada rate decreases throughout the summer and into September, I thought this would be a great opportunity to update you on what this means for your mortgage. If you’re on an adjustable-rate mortgage, this will result in a slight decrease in...
