The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023. “We remain committed to holding the policy interest rate at the effective lower bound until economic slack is absorbed so that the 2 percent inflation target is sustainably achieved,” […]

  Canadian bond yields hit their highest level since April in recent days, and a number of lenders have responded by starting to raise some of their mortgage rates. CMLS, MCAP and First National were among the non-bank lenders to increase at least some of their rates, with their broker rates rising 10-30 bps. The […]

    Commercial Mortgages are designed for businesses and investors who wish to purchase or refinance commercial, income producing properties and offer a flexible way to raise capital. Some common commercial mortgage products provide funding for: Income properties Multi-residential properties Bridge financing Restaurants Industrial properties Office properties Self storage Retail malls Raw land financing Start […]

        It has been a newsworthy few weeks to start off the year and for all us wishfully thinking that we would ease into 2021, I think we can admit that we were mistaken. Fortunately, hockey is back and better than ever with an all Canadian division and re-established rivalries. Virtual lines […]

The Bank of Canada, this morning, released its January Monetary Policy Report (MPR), showing they expect to keep overnight interest rates at its “effective lower bound” of 0.25% until 2023 (see chart below). To reinforce this commitment and keep interest rates low across the yield curve, the Bank will continue its Quantitative Easing (QE) program–buying […]

Bank of Montreal Q4 net income: $1.58 million (+33% Y/Y) Earnings per share: $2.41 BMO’s residential mortgage portfolio rose to $108.1 billion, up from $102 billion a year earlier. The HELOC portfolio—63% of which is amortizing—rose to $35.9 billion from $33.8 billion a year ago. Mortgage growth through proprietary channels, including amortizing HELOCs, was up […]

How a CHIP Reverse Mortgage Can Help You Cover the Costs of the Holiday Season. As you’re undoubtedly aware, the holiday season can be a very expensive time. Not only are there gifts to buy, but there can be a host of hidden extra expenses – gift wrapping, postage, and more take-out meals than normal […]

Ultimate Checklist for Selling Your Home. Selling your home can be an extremely stressful experience. Between thinking about moving logistics and financials, it’s easy to miss the small details in between the process. With that in mind, we’ve built this checklist for selling your home to help you keep track of the things that will […]