Mindblown: a blog about philosophy.
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Bank of Canada rate cut faces three key risks
Chief economist Douglas Porter analyzes the effects of Bank of Canada's rate cut on the Canadian dollar, housing market, and wage growth. The Canadian dollar remains stable, housing market activity is limited, and wage growth is challenging with a 5.4% increase in June. Unemployment rate rose to 6.4% in June due to student unemployment and…
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Pros and Cons of Loans With Zero Down | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
You can skip the wait time required to save for a down payment and become a homeowner sooner. You'll face higher monthly payments and interest rates due to the lack of a down payment.
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How Much Did Calgary’s Mortgage Income Increase? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Calgary has become one of Canada's hottest Real Estate markets, driving up the income needed to qualify for mortgages.The average-priced home in Calgary was ~$587K.
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Mortgage Broker vs. Bank: Which Will Save You More? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Mortgage brokers can show you a wider range of mortgages from different lenders, while banks only offer their own mortgages.Mortgage brokers represent your interests during the application process, while you deal directly with the lender at a bank.
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Mortgage renewal in 2024? Experts weigh in on how to get the best rate
Three-fifths of Canadians are worried about their upcoming mortgage renewal due to interest rate hikes. Experts suggest negotiating with lenders for better rates, shopping around, and considering shorter terms or variable rates. Extending the amortization period is also an option to lower monthly payments. Continue to full article
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Confusing Market: How Can a Mortgage Broker Help? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Mortgage brokers can search a wide network of lenders to find you the best rates and terms, saving you money. An experienced broker will listen to your needs and goals, then tailor a home loan solution that fits your situation.
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BoC Cuts Interest Rate for First Time in Four Years | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
The Bank of Canada cut the key interest rate for the first time in 4 years by 0.25% to 4.75%.This comes after a period of high inflation and to boost the economy which contracted in Q1.
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5 Key Points to Determine How Much Your Home Is Worth | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Location: This includes proximity to desirable amenities, views, noise levels, etc. Comparable homes nearby: Look at recent sales prices of similar homes in your area.
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The Best Mortgage Renewal Rates in Canada
Get up to 40,000 Aeroplan points as a welcome bonus with a value of $800. Compare mortgage renewal rates to ensure the best deal. Fixed mortgage rates may rise, so it's a good time to explore options. Consider using a broker for new lenders or negotiate with your current lender for better rates. Continue to…
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Seven ways to fix Canada’s housing shortage
Home ownership in Canada, particularly Ottawa, is increasingly challenging. The Federal Government has introduced 30-year mortgages for first-time buyers and a Housing Accelerator Fund. RBC proposes measures such as increasing construction workers, enhancing productivity, expediting approvals, permitting more housing density, reducing costs, and broadening housing choices. Cooperation between governments and stakeholders is essential. Repurposing offices…
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