Mortgages by Carolann Young

Carolann Young || September 15, 2022

The Bank of Canada’s rate hikes may not be done yet

In addition to raising interest rates by another 75 basis points on September 7, the Bank of Canada also signalled that it’s not done hiking just yet. As expected, the Bank raised its overnight...

Carolann Young || September 14, 2022

How to reduce payment shock at renewal time

By now, “trigger points” should be in the vocabulary of nearly every variable rate mortgage holder.There’s been a great deal of coverage lately about trigger points due to the rise in interest rates...

Carolann Young || September 14, 2022

Bank of Canada Raises Rate by 75 bps

The Bank of Canada raised its key lending rate by 75 basis points this morning, bringing it to 3.25%.In its statement, the Bank said, “short-term inflation expectations remain high” and that inflation...

Carolann Young || August 03, 2022

Bridge loans: What are they and how do you use them?

Anyone who has bought and sold a home in the past knows it can sometimes be tricky to get the closing dates on both deals to line up perfectly.This is often crucial for a buyer since they normally...