Mindblown: a blog about philosophy.
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New Year, Better Mortgage Rates: Tips to Get You There | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Pay balances three days pre-statement to lower utilization ratios, significantly boosting your credit score quickly.Accept credit limit increases to reduce utilization, improve credit health, and strengthen your profile responsibly.
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Can New Mortgage Rules Help Buyers in 2025? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Canada's housing market in 2025 shows signs of improvement, with lower borrowing costs and new mortgage rules.New rules include 30-year mortgages and higher price caps, making it easier for buyers to qualify.
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What to expect from 2025’s first Bank of Canada interest rate update
Canadians are anticipating the Bank of Canada's first interest rate update of the year on January 29, following a recent cut from 3.75% to 3.25%. The unemployment rate has risen to 6.8%, prompting speculation of another rate cut due to slowing inflation at 1.8%. Experts suggest that tariff uncertainties and recession threats may influence the…
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Mortgage Digest: CREA updates 2025 forecast with higher sales and price growth
The Canadian Real Estate Association (CREA) has slightly increased its 2025 home sale and price growth forecasts, expecting 532,704 homes to sell, an 8.6% rise from 2024. The national average home price is projected to reach $722,221, a 4.7% increase. The Canada Revenue Agency will implement changes to the capital gains inclusion rate starting June…
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Early Mortgage Termination: What Are the Penalties? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Breaking a mortgage contract early often results in a penalty fee determined by your interest rate. Penalties for fixed-rate mortgages are typically higher, based on Interest Rate Differential (IRD), while variable rates are simpler.
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How to Use Home Equity to Take out a Second Mortgage | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Using home equity for a second mortgage can fund home projects, education, or debt consolidation. Equity grows through mortgage payments, home improvements, and property value increases over time.
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How Much Should You Be Spending on Rent in Canada Today?
Determining the appropriate amount of income to allocate towards rent in Canada involves considering the 30% guideline, which may not always be feasible due to varying housing costs. Factors such as location, market trends, and city-specific influences play a significant role. Tips for saving on rent include researching affordable areas, using rental affordability tools, considering…
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Global Mortgage Service Market Poised for Growth | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
The global Residential Mortgage Service market is growing with advancements in technology and government investment. The market is driven by increasing demand for affordable loans and a variety of mortgage options.
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Why Canadian Mortgage Rates Are Set to Rise | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
The Federal Reserve signals reduced interest rate cuts in 2025, altering market expectations and re-pricing financial instruments. The Fed's focus remains on inflation, with employment stable, avoiding swift rate cuts that could reignite inflation
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BMO Reinstates Stress Test for Uninsured Mortgage Switches | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
BMO's Change: Reinstates OSFI stress test for uninsured switches after briefly removing it. Qualification Rules: Borrowers must qualify using the higher of 5.25% or contracted rate + 2%.
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