Mortgage Blog

Category: Industry Trends (19 posts)

How Steel & Aluminum Tariffs Could Impact the Canadian Housing Market & Mortgages

February 12, 2025 | Posted by: Simon Lyn

How Steel & Aluminum Tariffs Could Impact the Canadian Housing Market & Mortgages The potential steel and aluminum tariffs won’t necessarily raise material costs in Canada, but ...

How Trump’s Tariffs Could Shake Up Mortgage Rates

January 30, 2025 | Posted by: Simon Lyn

At Wednesday’s BoC press conference, Governor Tiff Macklem admitted he’d be closely watching the news if Trump imposes tariffs on Saturday—because even the BoC isn’t sure how i ...

Impact of Trump Tariffs on Canadian Housing Activity

January 21, 2025 | Posted by: Simon Lyn

President Trump, upon taking office, has opted not to impose immediate tariffs but instead issued a trade memo directing federal agencies to assess trade relationships with China, Canada, and Mexico. ...

Heating Up: Canada's Housing Market Skips the Chill

December 17, 2024 | Posted by: Simon Lyn

Heating Up: Canada's Housing Market Skips the Chill Just when you think it’s time to settle in for a quiet winter, the Canadian housing market decides it’s not done heating things up! In ...

US Election Trump Mortgages

November 7, 2024 | Posted by: Simon Lyn

As the U.S. election unfolds with Donald Trump securing a significant win, many Canadians are left wondering how this could impact their financial landscape—specifically when it comes to fixed-r ...

Bank of Canada Cuts Key Interest Rate to 3.75%: What It Means for You

October 23, 2024 | Posted by: Simon Lyn

Bank of Canada Cuts Key Interest Rate to 3.75%: What It Means for You The Bank of Canada (BoC) has just made a significant move, cutting its key interest rate to 3.75%. This is major news for homeown ...

Changes for Homebuyers: Higher Price Caps For Insured Mortgages & Lower Down Payments!

September 17, 2024 | Posted by: Simon Lyn

Big News for Home Buyers! Exciting changes are coming for homebuyers in Canada! Starting December 15th, the government is raising the price cap for insured mortgages to $1.5 million—the first i ...

Navigating the Changing Tide: How Lower Interest Rates Boost Buying Power in Canada

December 11, 2023 | Posted by: Simon Lyn

As we approach the upcoming Bank of Canada meeting on January 24th, 2024, a significant shift in the Canadian economy presents a promising opportunity for homebuyers. The recent dip in bond yields has ...

Bank of Canada Increased Overnight Rate

September 8, 2022 | Posted by: Simon Lyn

I am sure all of you have seen the news of the Bank of Canada increasing the overnight rate by .75% to a total 3.25%.What does this mean for you?If you have a static variable rate mortgage product (i. ...

THE OVERNIGHT RATE HAS INCREASED THIS MORNING

June 1, 2022 | Posted by: Simon Lyn

This morning at 10am the Bank of Canada (BoC) increased it's overnight lending rate by 0.5%, which was well anticipated. Here is what this means for your variable rate mortgage and/or home equit ...

Things to Consider Before Moving Into an Over-55 Community

October 10, 2019 | Posted by: Simon Lyn

Many people, as they approach retirement age and the kids are gone, begin thinking about downsizing. One of the more popular choices for reduction is moving to one of the over-55 communities that ar ...

Great Buy on a Home? - Don't Expect the Appraisal to Prove It

September 26, 2019 | Posted by: Simon Lyn

Buying a home can be fun and exciting, especially when you drive a hard bargain and get that seller over a barrel. You did your research, caught a home with higher than average days on the marke ...

Tips to Ease the Moving Process Along

September 19, 2019 | Posted by: Simon Lyn

Moving can be a stressful process, no matter how far you are traveling. Planning your move minimizes the stress associated with this task while also simplifying the process. Here are several tips that ...

The Advantages and Disadvantages of Buying a New Home vs an Existing Home

August 1, 2019 | Posted by: Simon Lyn

If you're planning on investing in real estate, then you're going to have two main options: to buy an existing home or buy a new home. An existing home is a house that has been lived in before, wherea ...

Seven Inexpensive Home Staging Ideas for a Quick Sale

July 11, 2019 | Posted by: Simon Lyn

When your home is on the market, first impressions matter more than ever. If a potential buyer doesn’t like what they see in the first few minutes, that bad start could color the rest of their e ...

Preparing to Sell? Do This First

June 13, 2019 | Posted by: Simon Lyn

So you've made the decision to sell your home. What you do to prepare - from the outside in - will make all the difference in whether prospective buyers choose to take a look. First impr ...

Three Simple Updates to Help Sell Your Home Fast

April 18, 2019 | Posted by: Simon Lyn

If you're getting ready to sell your home, you may be wondering what you can do to help it sell quickly. How can you make your home more appealing without investing a lot of time or money? The answer ...

Home Buying 101 - Why the Relationship with Your Broker Should Be a Positive Partnership

April 11, 2019 | Posted by: Simon Lyn

Whether you are looking for your first home or moving up to the home of your dreams, having an experienced real estate broker or agent in your corner is a must. Real estate is a very specialized indus ...

Getting Your Whole Family on Board When Selling Your Home

April 4, 2019 | Posted by: Simon Lyn

If you are selling your home, this can be a challenge when you are in charge of getting your family on board as well. Selling a home with kids has its own challenges, but it isn't impossible. Here are ...

Making Sure your Mortgage Fits