Credit Score and Mortgage Rates: What You Need to Know

When you’re looking to buy a home or refinance your mortgage, one of the most important factors affecting your mortgage rate is your credit score. At Cannect, we believe in empowering our clients by helping them understand how their credit score plays a role in the mortgage process—and more importantly, how we can still find […]

Save Big by Using a HELOC for Debt Consolidation

Debt can feel overwhelming, especially when you’re juggling multiple loans and credit card balances with high interest rates. Many homeowners are unaware that they have a valuable financial tool right under their roof—Home Equity Line of Credit (HELOC), which can be a powerful solution for consolidating high-interest debt. By using the equity in your home, […]

Big News: Canadian First-Time Buyers Now Eligible for 30-Year Amortizations

In a significant move to make homeownership more attainable, Canada has introduced 30-year amortizations for first-time buyers and individuals purchasing newly built properties. This new policy aims to reduce monthly mortgage payments, offering a potential solution to the country’s ongoing housing affordability crisis. But while this might sound like a lifeline for many, it comes […]

How the Bank of Canada’s Rate Cut Affects Your Mortgage. Is Now the Time to Refinance?

Bank of Canada recently announced a pivotal rate cut, sparking discussions among homeowners, real estate investors, and mortgage holders. Whether you’re a first-time buyer or a seasoned investor, understanding the impact of this move is crucial for making informed financial decisions. What Is a Rate Cut, and Why Does It Matter? The Bank of Canada’s […]

How to Secure the Best 5-Year Fixed Mortgage Rates in Ontario

When securing a mortgage, finding the best rate is crucial, especially in Ontario’s competitive real estate market. Homebuyers and homeowners constantly search for the lowest 5-year fixed mortgage rates to lock in their monthly payments and protect themselves from future interest rate hikes. If you’re in the market for a mortgage, you’ve likely come across […]

Everything You Need to Know About Reverse Mortgage

If you’re a homeowner and thinking about ways to use your home’s value, a reverse mortgage might be something to consider. Here is a straightforward look at what a reverse mortgage is and how it works. What is a Reverse Mortgage? A reverse mortgage is a loan for people aged 55 or older that lets […]

Halal Mortgages in Canada: What You Need to Know

For many people, it’s important to find a mortgage that matches their financial and ethical values. In Canada, halal mortgages offer a way for Muslims to buy a home while staying true to their faith. But still anyone can go with the halal mortgages. Here’s a simple guide to what halal mortgages are, how they […]

The Rate Cut is Here: What Homeowners & Buyers Should Do Now

The recent decision by the Bank of Canada to reduce interest rates is a significant development for the real estate market. Whether you are a first-time homebuyer, a homeowner with a variable-rate mortgage, or approaching a mortgage renewal, this shift in policy will influence your financial decisions and opportunities. Here’s a comprehensive look at what […]

Exploring Mortgage Renewal: What You Need to Know About Limited Choices

The Good News is You Can Do Something About It—But Canadian Banks are Hoping You Won’t! New actions recently taken on behalf of the Canadian government and banks across the country are set to make your mortgage renewal even more expensive than you might have anticipated. Banks have been steadily increasing their posted fixed mortgage […]

How to Launch Your Investment Journey with Confidence

When you think about it, we have a very special relationship. You have entrusted us with your money. You looked around at all of your investing options and selected us. That will never be forgotten. Everything we do at Cannect is designed with one singular focus: to constantly reduce the amount of risk required to […]