by Majid Habibi | Mar 25, 2022 | Blog, Guest Post, Homeownership, Mortgage
Special Guest Post Originally posted by Ross Taylor at CanadianMortgageTrends.com, article can be found here All eyes have been on the Bank of Canada’s recent rate tightening and its impact on variable mortgages, but now there are fresh concerns given the...
by Majid Habibi | Mar 18, 2022 | Blog, Finance, Mortgage
The average mortgage comes up for renewal every five years. And, as you know, a lot can happen over a five-year period. That’s why it’s important to look at your needs and goals every time your mortgage is set to renew to ensure you negotiate the mortgage product and...
by Majid Habibi | Mar 4, 2022 | Announcements, Blog, Homeownership, Mortgage
When shopping for a mortgage, many people tend to focus exclusively on obtaining the lowest rate. This is due, in large part, to advertising messages indicating that this is the best action to take. Unquestionably, rate is an extremely important component of any...
by Majid Habibi | Feb 18, 2022 | Economy, Finance, Homeownership, Mortgage
Since rates are expected to begin rising and continue on the incline throughout 2022, if you’re planning to buy property anytime soon, it makes sense to secure a rate hold so you don’t have to worry about missing out on the best rate while you’re home shopping. A rate...
by Majid Habibi | Feb 4, 2022 | Blog, Finance, Homeownership, Mortgage
In its first policy interest rate announcement of the year – on January 26th – the Bank of Canada (BoC) maintained its current record-low rate of 0.25%. The decision was in line with 2021 forecasts that a rate hike would occur in the second or third quarter of 2022....
by Majid Habibi | Jan 21, 2022 | Economy, Homeownership, Mortgage
New Bank of Canada (BoC) findings reveal that investors account for 19% of home purchases dating back to 2014 – steadily outpacing other types of homebuyers during the pandemic. The report, Housing Demand in Canada: A novel approach to classifying mortgaged...
by Nick alafogiannis | Jan 7, 2022 | Blog, Finance, Homeownership, Mortgage
For its final announcement of the year – on December 8th, 2021 – the Bank of Canada (BoC) maintained its target overnight interest rate at 0.25% with the expectation that a rate hike would occur in the second or third quarter of 2022, possibly in time for the spring...
by Majid Habibi | Dec 17, 2021 | Blog, Mortgage
There are times when it makes good financial sense to break your mortgage early. This can include when you choose to take advantage of lower interest rates, pay down debt, renovate or even pay for your kid’s tuition. But, regardless of your reasoning, it’s important...
by Majid Habibi | Dec 3, 2021 | Blog
Multigenerational living is more popular than ever before during the current real estate boom as more Canadians pool their resources with parents or grandparents and buy a single property to make homeownership more affordable. Multigenerational homes enable...
by Majid Habibi | Nov 19, 2021 | Blog, Homeownership, Mortgage
If you’re in the market to buy a home and wondering about the first step, start by creating a comprehensive checklist to help navigate the process and ensure you’re prepared for everything that’s involved. One of the items that should appear towards the top of that...
