As mentioned, Fixed-rate mortgage rates in Canada are directly tied to the US Economy and their  10-year treasuries. Recent economic data has shown a mixed picture of the Canadian economy. Inflation rates have been a primary concern, prompting the Bank of Canada to adjust its monetary policies. The central bank has implemented several interest rate […]

Canadian employment slowed again in June, as the unemployment rate rose two ticks to 6.4%. Wage inflation, a lagging indicator, edged up to 5.4% y/y View this email in your browser Weaker-Than-Expected June Jobs Report Keeps BoC Rate Cuts In Play Canadian employment data, released today by Statistics Canada, showed a marked slowdown, which historically […]

When you receive your mortgage renewal agreement from your lender, stop! Before you sign anything, it’s crucial to get a second opinion from us at Mainstream Mortgages. Transferring your mortgage has never been easier, and it could save you a significant amount of money. The Myth of the Best Rate from Your Financial Institution Many […]

House hunting can be both an exciting and daunting experience for first-time homebuyers. Two key steps that can significantly enhance this journey are attending open houses and getting pre-approved for a mortgage. In this post, we’ll delve into the benefits of each and how they can set you on the path to finding your dream […]

When it comes to choosing a mortgage, the lowest rate might seem like the obvious choice. However, this common misconception can lead borrowers into tricky situations. In this post, we’ll explore why the lowest mortgage rate isn’t always the best option and what Canadian borrowers should consider instead. Understanding Mortgage Rates Mortgage rates represent the […]

DLC Mainstream Mortgages Homebuyers Guide Welcome to DLC Mainstream’s New Home Buyer’s Guide Embarking on the journey to homeownership is an exciting and significant milestone. At DLC Mainstream Mortgages, we understand that purchasing a home is one of the most important financial decisions you will make. Our New Home Buyer’s Guide is designed to provide […]

Everything has a cost. I was part of a conversation recently.  I was listening to different points of view.   One person had recently purchased a home and started paying their mortgage, the other stated that interest rates were too high and that they were waiting for either the prices of houses to come down, or […]

Sometimes I forget how many different services we offer to ensure that we have to help our clients find the right financial solutions. Mortgage Pre-Approval Purchase (Fully Underwritten) Purchase Plus Improvements (Up to $100k) Mortgage Refinance Mortgage Refinance Plus Improvements Mortgage Debt Consolidation Mortgage Renewal Mortgage Switch/Transfer Cashback Mortgages Borrowed or Flex Down Payment Construction […]

Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your choice of amortization period, it will affect how quickly you become mortgage-free as well as how much interest you pay over the lifetime of your mortgage (a longer lifetime equals more interest, whereas a […]