If you are are approaching your mortgage maturity, now is a great time to start the renewal process. It is never too early to take the proactive approach and as a mortgage broker I will assess your needs and ensure the mortgage is working for you and not the lender.
Not all mortgages are the same, check out some of the various options available.
Up For Renewal?
Falling mortgage rates over the course of 2019 have reduced the rate increase shock for those renewing a mortgage. While those renewing a mortgage this year are still locking in at a rate higher than their previous rate, that increase is quickly declining, according to data from the Bank of Canada. “The average household renewing […]
An economist with Canada’s biggest bank says the country’s housing-market correction “is officially over.”
The Canadian housing market is teetering on the verge of favouring sellers despite the vast majority of local markets remaining balanced — for now.