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Posted by: Peter Paley
If you’ve been trying to figure out where mortgage rates are headed, welcome to the club. Right now, the economic signals aren’t exactly pointing in one direction. Canada just posted a surprisingly strong employment report. The U.S. posted a surprisingly weak one. Oil is back above $80 a barrel. Inflation remains a concern. And Canada’s […]
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The short answer is probably not. When Canadians shop for a mortgage, it’s natural to focus on one thing—the interest rate. After all, even a small difference in rate can save money over time. But what many borrowers don’t realize is that the lowest mortgage rate can sometimes come with the highest cost if life […]
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The Summer Lull: An Opportunity Hidden in Plain Sight Every year, it happens almost like clockwork. As July rolls around, many homebuyers who were actively searching in the spring begin shifting their focus to summer holidays, camping trips, weekends at the lake, family gatherings, and making the most of Canada’s warm weather. The housing market […]
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What Canada’s Latest Trade Tensions Mean for Mortgage Rates Trade headlines have been dominating the news once again, with the United States announcing proposed new tariffs on approximately $28 billion of Canadian exports. Understandably, many Canadians are wondering what this could mean for the economy—and more importantly, for mortgage rates. The good news? At this […]
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For many Canadians, a home is more than just a place to live — it’s the single largest financial asset they will ever own. After decades of mortgage payments, maintenance, and commitment, homeowners often reach retirement with significant equity built up in their property. And yet, many find themselves in a situation where they are […]
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Home Equity Lines of Credit (HELOCs): What They Are and How to Use Them Properly Your home isn’t just where you live — it’s also one of your largest financial assets. A Home Equity Line of Credit (HELOC) allows homeowners to access that equity and use it for things like renovations, debt consolidation, or investments. […]
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The Bank of Canada has once again held its overnight policy rate steady at 2.25%, a level widely considered to be at the lower end of the neutral range. In simple terms, monetary policy today is neither stimulating the economy nor restricting it. Inflation is hovering just under the Bank’s 2% target, with core inflation […]
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🇨🇦 New to Canada and wondering how mortgages work? Buying a home in a new country can feel complicated — different rules, different programs, and a lot of questions. In our latest episode of the Mainstream Mortgages Podcast, we answer some of the most common questions newcomers have about getting a mortgage in Canada, including: […]
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Mortgage Questions Answered: Our Most Frequently Asked Questions At Dominion Lending Centres Mainstream Mortgages, one of the things we enjoy most about our work is helping people understand how mortgages actually work. For many Canadians, getting a mortgage can feel confusing. There are interest rates, lender rules, different mortgage products, changing regulations, and a lot […]
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If you’ve been following the news lately, it can feel like the world is changing every week. Global conflicts, trade tensions, shifting economic policies, inflation concerns, and central bank decisions are all influencing financial markets. These forces ripple through the economy and ultimately affect something very important to homeowners and buyers: mortgage rates. One of […]
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