Fixed or Variable??? This spring we’re seeing aggressive pricing for variable rate mortgages, while fixed mortgage rates continue to be at historically low levels. Which is best for today’s uncertain environment? First, a refresher on the differences. With a fixed-rate mortgage, you’ll know with [...]

What affects mortgage rates? Government policies to protect the economy during the pandemic resulted in exceptionally low mortgage rates for both fixed and variable rate mortgages. As we start moving towards recovery, fixed rates have started to edge upwards. The prime rate, which variable [...]

The lowdown on the mortgage approval process Whether you are purchasing, refinancing, or moving your mortgage to a new lender, it’s important to have a clear understanding of the mortgage approval process. It’s a big financial commitment so you’ll want to be sure you [...]

Canadians know that a smart home renovation can both increase their property value, and improve the way they live in their home. Putting a renovation on your high-interest credit card can wipe out the value you’re adding, and create months – or years - [...]

Fixed or Variable Mortgage - what's the difference? First, let's touch on the difference between fixed and variable rates... With a fixed-rate mortgage, your interest rate and payments are fixed for the term of the mortgage, which offers stability.  Fixed-rates are usually better suited to [...]