Bank of Canada survey shows housing costs and job security now outweigh tariff fears, as Ottawa shifts focus back to domestic pressures Housing affordability has overtaken trade tensions as Canadians’ top economic concern, according to the latest consumer expectations survey from the Bank of Canada. The U.S. trade conflict, which dominated sentiment a year ago, now […]

Paying down your mortgage faster comes with trade-offs While extra payments can reduce long-term interest costs, they may also limit liquidity, trigger penalties and crowd out other financial priorities Paying down a mortgage faster isn’t always as simple as it sounds. Mortgage professionals say borrowers are increasingly encountering constraints tied to renewals, prepayment limits and […]

Sales and construction data this week will show whether rising supply or returning buyers drive the spring market A closely watched set of housing reports will give mortgage professionals and prospective buyers a clearer sense of how the market is tracking heading into the spring season. After a soft start to the year, attention will […]

Having a variety of loans could help strengthen your credit score — or harm it, depending on your spending and payment history. But a credit card, car loan and mortgage work differently, making it hard to know how to improve your number. By Ritika Dubey A credit score ranges between 300 and 900 points. It’s […]

Economy is Moving, easy steps to take to reduces stress The Bank of Canada has warned that a prolonged trade conflict could push Canada into a recession. In its more severe scenario, GDP could fall by around 5%, unemployment could rise, and inflation could climb back above 3% as import costs increase. For Canadians, that […]

Markets are rapidly repricing inflation and rate expectations, driving bond yields higher and triggering a new round of fixed mortgage increase. Canadian fixed mortgage rates have moved decisively higher, with lenders rolling out increases of up to 30 basis points as bond yields continue their rapid climb.   The benchmark five-year Government of Canada bond […]

U.S. mortgage rates climbed for a third straight week, pushing home-financing costs to the highest since October and dealing a blow to both purchasing and refinancing activity. By Vince Golle (Bloomberg) — U.S. mortgage rates climbed for a third straight week, pushing home-financing costs to the highest since October and dealing a blow to both purchasing […]

Markets see the Bank of Canada hiking interest rates more aggressively this year amid surging oil prices and hawkish messaging from peer central banks. By Erik Hertzberg (Bloomberg) — Markets see the Bank of Canada hiking interest rates more aggressively this year amid surging oil prices and hawkish messaging from peer central banks. Traders in overnight […]

The Bank of Canada announced today that it is holding the overnight rate at 2.25%. At first glance, this sounds like good news — and it is. But most people misunderstand what this actually means for their mortgage, their payments, and their timing in the market. Let’s break it down clearly. First — What This […]

When a mortgage renewal date approaches, most homeowners instinctively focus on one thing: the interest rate. It makes sense. Rates are visible, easy to compare, and constantly discussed. They feel like the lever that matters most. But for many borrowers, the rate itself is not what creates stress at renewal. The real risk is everything […]