Mortgage Blog
Infinite Solutions, Infinite Possibilities
Pros & Cons of Paying Off Your Mortgage Before Retirement
March 21, 2025 | Posted by: MorCan Financial Inc.
If retirement is approaching, you may be considering whether it's wise to pay off your mortgage early. As with many significant financial decisions, there isn't a one-size-fits-all answer. However, ...
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March 12-2025 - Bank of Canada reduces policy rate by 25 basis points to 2.75%
March 12, 2025 | Posted by: MorCan Financial Inc.
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 in a solid position, with infl ...
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Mortgage Renewal Coming UP and rates higher than 5 yrs ago - Consider increasing your amortization?
March 7, 2025 | Posted by: MorCan Financial Inc.
If your mortgage renewal date is approaching, it's important to take action. You might notice something that's hard to ignore: interest rates are significantly higher now than five years ago. You're n ...
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How will tariffs potentially affect Interest rates
February 26, 2025 | Posted by: MorCan Financial Inc.
As a mortgage broker in Canada, I often get questions about how global economic events might affect our financial landscape, particularly when it comes to interest rates and the cost of borrowing. One ...
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Is Now the Right Time to Refinance Your Mortgage?
February 5, 2025 | Posted by: MorCan Financial Inc.
With interest rates in Canada decreasing, many homeowners are considering whether this may be the ideal time to refinance. Refinancing involves replacing your current mortgage with a new one, idea ...
read moreBank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening
January 29, 2025 | Posted by: MorCan Financial Inc.
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%. The Bank is also announcing its plan to complete the no ...
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Fixed-Rate vs. Adjustable-Rate Mortgages: Which Might Be Right for You?
January 21, 2025 | Posted by: MorCan Financial Inc.
Hello there, and welcome! As a mortgage broker here in Canada, I know that diving into the world of mortgages can feel like stepping into a labyrinth of numbers and jargon. Today, let's have a fri ...
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New Year, New Home Goals: Essential Home Maintenance Tips for 2025
January 8, 2025 | Posted by: MorCan Financial Inc.
Happy New Year, homeowners! As we enter 2025, it's an ideal time to establish new home goals and ensure that your sanctuary stays comfortable, safe, and valuable. Whether you're a first-time homeowner ...
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Government announces boldest mortgage reforms in decades to unlock homeownership for more Canadians
December 16, 2024 | Posted by: MorCan Financial Inc.
Canadians work hard to be able to afford a home. However, the high cost of mortgage payments is a barrier to homeownership, especially for Millennials and Gen Z. To help more Canadians, particularly ...
read moreDec 11-2024 - Bank of Canada reduces policy rate by 50 basis points to 3.25%
December 11, 2024 | Posted by: MorCan Financial Inc.
The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3¾% and the deposit rate at 3¼%. The Bank is continuing its policy of balance sheet no ...
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