Mortgage Blog
Canada's Mortgage Experts
Category: Mortgages (27 posts)
Understanding Inflation in Canada: What It Means for Homebuyers and Borrowers
March 24, 2025 | Posted by: Yelena Markus
As a trusted mortgage broker in Montreal, Yelena Markus helps clients navigate the financial landscape, and a key factor in that landscape is inflation. Understanding how inflati ...
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A Lender vs B Lender Mortgages in Canada: Which One Is Right for You?
March 21, 2025 | Posted by: Yelena Markus
Navigating the mortgage landscape in Canada can feel overwhelming—especially if you're self-employed, have experienced credit issues, or need to consolidate debt. Understanding the difference be ...
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Bank of Canada Lowers Interest Rates Amid Economic Uncertainty
March 16, 2025 | Posted by: Yelena Markus
A Strategic Move to Support the Economy The Bank of Canada (BoC) has reduced its policy interest rate by 0.25% in response to growing economic challenges, including trade tensions with the United Sta ...
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Interest Rates in Canada Could Drop Faster Amid Trade War: Insights for Montreal Homebuyers
March 5, 2025 | Posted by: Yelena Markus
As mortgage rates continue to be a critical factor for homebuyers in Montreal, new economic forecasts suggest that interest rates in Canada may decrease more aggressively than expected due to escalati ...
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Can You Extend Your Mortgage Amortization in Canada?
February 19, 2025 | Posted by: Yelena Markus
With rising interest rates over the past few years, many Canadian homeowners are exploring ways to manage their mortgage payments. One of the most common questions mortgage holders ask is whether they ...
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Mortgage Rates Volatile Amid Trade Uncertainty – What It Means for Canadian Borrowers
February 7, 2025 | Posted by: Yelena Markus
Table of Contents A Temporary Reprieve, But Uncertainty Lingers How US Economic Pressures Could Impact Canada’s Housing Market The Direction of Mortgage Rates and Money Markets What’ ...
read moreQuebec Housing Market Insights for 2025: A Comprehensive Overview
January 21, 2025 | Posted by: Yelena Markus
A Year of Growth in Quebec’s Real Estate Market The Quebec housing market demonstrated remarkable resilience and growth throughout 2024, setting the stage for continued activity in 2025. Here&r ...
read moreMortgage Trends in 2025: What You Need to Know –
January 14, 2025 | Posted by: Yelena Markus
As we step into 2025, Canada’s housing market presents an exciting yet challenging landscape. Various factors, such as interest rate adjustments, shifts in demand, and government policy changes, ...
read moreHow to Buy a Home in Canada: A Guide for First-Time Buyers
December 7, 2024 | Posted by: Yelena Markus
Buying your first home is an exciting milestone, offering both housing stability and long-term investment potential. However, with high property prices and rising mortgage rates, the process can seem ...
read moreInflation Rises to 2% in October: What It Means for Montreal Homebuyers and Mortgages
November 19, 2024 | Posted by: Yelena Markus
Inflation Rises to 2% in October: What It Means for Montreal Homebuyers and Mortgages Canada’s inflation rate climbed to 2% in October, dimming hopes of a significant interest rate cut by the B ...
read moreNovember Insights for Montreal Homebuyers: Maximizing Your Mortgage Strategy This Fall
November 1, 2024 | Posted by: Yelena Markus
As November brings a cooler climate to Montreal, it's also heating up in terms of opportunities for mortgage seekers. With the right insights and strategic approach, you can secure a favorable mortg ...
read moreCo-Signing a Mortgage in Montreal: What You Need to Know
October 28, 2024 | Posted by: Yelena Markus
Co-Signing a Mortgage in Montreal: What You Need to Know When buying a home, not everyone meets the income or credit score requirements for a mortgage. Many turn to family ...
read moreWhat is a Mortgage Pre-Approval and Why You Need One?
October 25, 2024 | Posted by: Yelena Markus
What is a Mortgage Pre-Approval? A mortgage pre-approval gives you a clear picture of how much you can borrow and locks in your mortgage rate for up to 120 days. This critical first step ensures that ...
read moreBank of Canada Cuts Rates – What it Means for Montreal Homebuyers and Homeowners
October 23, 2024 | Posted by: Yelena Markus
The Bank of Canada recently announced a policy rate reduction, lowering the overnight rate from 4.25% to 3.75%. With economic growth slowing, the central bank has opted for more aggressive rate cuts, ...
read moreMortgage Interest Compounding in Canada: How It Works and What You Need to Know
October 21, 2024 | Posted by: Yelena Markus
In Canada, fixed-rate mortgages are legally required to compound semi-annually, meaning interest is calculated and added to your balance twice a year. In contrast, variable and adjustable-rate mortgag ...
read moreUnderstanding Inflation and Its Impact on Mortgage Rates in Montreal
October 18, 2024 | Posted by: Yelena Markus
Inflation refers to the increase in the cost of goods and services over time within an economy. In Canada, the Consumer Price Index (CPI) serves as the primary tool to track these price changes by ana ...
read moreBank of Canada Interest Rate Trends and Impact on Montreal Mortgages in 2024
October 17, 2024 | Posted by: Yelena Markus
The latest economic update from the Bank of Canada (BoC) brings a 25-basis-point reduction, bringing the policy rate to 4.25%. This decision signals a potential shift towards a more favorable borrowin ...
read moreIs Now the Right Time to Buy in Montreal’s Real Estate Market?
October 15, 2024 | Posted by: Yelena Markus
Is Now the Right Time to Buy in Montreal’s Real Estate Market? Are shifts in the Canadian real estate market opening new doors for buyers? After a volatile period marked by high interest rates ...
read moreNew Federal Housing Reforms Bring Opportunities for Homeowners and Buyers in Montreal
October 14, 2024 | Posted by: Yelena Markus
The Canadian government has introduced impactful measures to address the growing housing crisis, with a focus on maximizing underutilized properties and empowering homeowners to build secondar ...
read moreNew Mortgage Policies in Canada: What You Need to Know
October 13, 2024 | Posted by: Yelena Markus
On December 15, 2024, significant changes to Canada’s mortgage rules will take effect, marking one of the biggest adjustments in housing policy in years. These reforms aim to benefit first-time ...
read moreConventional Mortgages in Montreal: Your Guide to Buying, Investing, or Refinancing
October 11, 2024 | Posted by: Yelena Markus
If you’re considering buying a home, investing in property, or refinancing in Montreal, understanding conventional mortgages is essential. A conventional mortgage is a popular choice among homeb ...
read moreUnderstanding the Difference Between Insurable and Uninsured Mortgages: A Guide for First-Time Homebuyers in Montreal
October 10, 2024 | Posted by: Yelena Markus
As a first-time homebuyer in Montreal, navigating the mortgage process can feel overwhelming. One key decision you’ll face is whether to pursue an insurable or uninsured mortgage. Both options h ...
read moreMaximize Savings and Pay Off Your Mortgage Faster: A Complete Guide to Mortgage Prepayments in Canada
October 9, 2024 | Posted by: Yelena Markus
Prepaying your mortgage is one of the most effective strategies for reducing interest costs and shortening the time to become mortgage-free. To make the most of this opti ...
read more7 Essential Steps to Secure Your Mortgage and Buy Your Dream Home
October 8, 2024 | Posted by: Yelena Markus
Are you looking to buy a home? Purchasing a property in Canada takes careful planning and preparation—both mentally and financially. While it might seem natural to start by browsing open houses ...
read moreFirst Home Savings Account (FHSA): Your Key to Buying Your First Home in 2024
October 8, 2024 | Posted by: Yelena Markus
Saving for your first home can feel like a daunting challenge. Back in 2015, the average home price in Canada was around $451,000, but today in 2024, that figure has surged to nearly $650,000. This sh ...
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Should You Spend the Full Mortgage Amount You're Approved For?
March 22, 2023 | Posted by: Yelena Markus
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...
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Take Advantage of Low Interest Rates – Refinance Your Mortgage Today!
March 15, 2023 | Posted by: Yelena Markus
Borrowers are loving the current record low interest rates, and homeowners stand to benefit even more. If you bought your home more than a few years ago, you could probably benefit from a refinance ...
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