Variable Rate Mortgages are the Smarter Choice Right Now
When it’s time to renew your mortgage, the fixed vs. variable rate decision looms large. With interest rates currently declining and further cuts predicted, choosing the right path can significantly impact your finances. Right now, a variable-rate mortgage often emerges as the smarter choice. Let’s explore why. Understanding Fixed and Variable Rate Mortgages Fixed-Rate Mortgage […]
What You Need to Know About Bank of Canada’s Rate Cut on July 24, 2024 and Mortgages
On July 24, 2024, the Bank of Canada announced a significant interest rate cut, reducing by 25 basis points. This unexpected move has shaken the financial and mortgage markets, causing everyone to rethink their plans. This post explains why they cut the rate, the chance of another cut in September, and what it means for […]
