The pandemic-era mortgage renewal wave is nearing its end and with it comes increased concern for some Canadians. Over the next year, the last of the five-year, fixed-payment mortgages taken out during the record-low interest rate period will come up…
The Bank of Canada did not change its key interest rate at its June meeting, marking the fifth consecutive rate hold. The central bank cited uncertainty surrounding U.S. trade policy and rising cost pressures in its decision to maintain the…
Approximately 1.2 million mortgages will renew in 2025, the vast majority of which were secured when the Bank of Canada’s key lending rate was at or below 1%. While interest rates have trended down since June 2024, from their two-decade…
The Bank of Canada reduced its overnight policy rate by another 50 basis points on Dec. 11, in response to slowing GDP growth and rising uncertainty around trade tariffs. This marked the second consecutive oversized interest rate cut, bringing the…
The national bank regulator says it will no longer require borrowers to stress test if they’re moving their uninsured mortgage from an existing provider to another one. This will make it easier for borrowers to switch lenders at renewal and…
The federal government is introducing changes to its mortgage rules that are sure to help buyers, especially those entering the market for the first time. Effective Dec. 15, first-time homebuyers will be able to take advantage of a 30-year amortization…
Ever wonder whether checking your credit score will lower it? Well, there’s good news. It won’t. This is called a soft credit check and it should be done regularly, at least once a year. Why? It can help you detect…
When buying or selling a home, it's critical to understand the difference between a conditional and firm offer. A conditional offer is a contract between a buyer and seller in which the sale of a house hinges on specific conditions.…
Whether planning for retirement, funding a major expense or aiming to build long-term wealth, your home's equity presents many opportunities for financial growth. Understanding how to effectively leverage your equity is key to unlocking its full potential. Home Equity Loan…
When buying your first home or next one, lenders expect you’re going to put some money toward the purchase price. This is the down payment. Your mortgage covers the rest. But how much are you required to put down? It…
Clare Tattersall
Sales Representative
Direct: 647.625.3282
Office: 416.762.8255
Email: clare@realtorontowest.com
Royal LePage Real Estate Services Ltd., Brokerage
2320 Bloor St. W., Toronto, ON M6S 1P2
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