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...
by cmsdudes | Sep 11, 2024 | Blog
As the Bank of Canada cuts interest rates, housing activity has remained relatively weak. Existing home sales were well below historical averages in July, while new listings edged upward. Prices have plateaued, and residential mortgage originations are tepid. Mortgage...
by cmsdudes | Sep 11, 2024 | Blog
The initial Bank of Canada rate cuts this past summer did not spur housing activity as anticipated, but potentially more on the way will continue to affect the housing market outlook. New listing levels are expected to rise as sellers who may have held back enter the...
