Uncategorized 12 Apr 2024 Bank of Canada News – Interest Rate Decision (04.11.24) Bank of Canada Holds Rate, Hints at Future Cuts: A Sign of Cooling Inflation? The Bank of Canada (BoC) held its key interest rate steady at 5% yesterday, as expected by most economists. This decision… CMSpeople
Uncategorized 05 Apr 2024 A Homeowner’s Guide to Second Mortgages in Canada Owning a home in Canada is a significant achievement, and over time, its value tends to rise. This value increase creates something valuable – home equity. A second mortgage allows you to leverage this built-up… CMSpeople
Uncategorized 30 Mar 2024 Understanding Mortgage Affordability in Canada Canadians have a deep love affair with homeownership. But with rising housing prices, navigating the world of mortgages can feel daunting, especially when rates and home prices are high. The big question: can you truly… CMSpeople
Uncategorized 22 Mar 2024 Why a Brampton Mortgage Broker is Your Secret Weapon Buying a home in Brampton's thriving real estate market is exciting, but navigating the mortgage process can feel overwhelming. That's where a Brampton Mortgage Broker comes in – your local expert to guide you through… CMSpeople
Uncategorized 15 Mar 2024 Canadian Mortgage Renewals: A Guide for Homeowners In Canada, 2024 is a big year for mortgage renewals. 80% of all mortgages outstanding as of March 2022 are coming up for renewal in 2024. This amounts to approximately $250 billion in mortgages. 2025… CMSpeople
Uncategorized 10 Mar 2024 A Quick Recap on First Time Home Buyer Mortgages Important Note regarding The First-Time Home Buyer Incentive First launched in 2019, the Canadian government was offering a helping hand through the First-Time Home Buyer Incentive (offered through CMHC). This program provided an interest-free down… CMSpeople
Uncategorized 01 Mar 2024 Should You Use a Mortgage Broker? Bank vs. Broker While banks are a familiar option, mortgage brokers offer distinct advantages that can make a significant difference in your homeownership journey – whether you’re purchasing your first home, or refinancing an existing mortgage. Here's why… CMSpeople
Uncategorized 23 Feb 2024 B-ing There for You: A Guide to B-Lender Mortgages in Canada Buying a home in Canada is a dream for many, but navigating the mortgage maze can be daunting. And if you already own a home, perhaps a mortgage refinance is becoming a challenge with the… CMSpeople