It wasn’t so long ago that there was hardly any doubt that Canadians would be seeing higher mortgage rates this year. The Bank of Canada was widely expected to continue on its path of tightening monetary policy with continued increases to the overnight rate, which influences mortgages, particularly those with variable rates. While that may still be a majority consensus among market watchers, mortgage broker Elan Weintraub is hearing conflicting viewpoints these days. “I... [read more]

A mortgage is a loan you get from a bank, credit union, or private lender to help you buy property like a house or condo This post will cover just about everything you need to know about mortgages from when to apply for one, how you pay the loan back, the deal with interest rates, the difference between fixed and variable rates, and how to work with mortgage brokers. When should I get pre-approved for a mortgage? It’s a smart move to get... [read more]