Mortgages by Carolann Young

Carolann Young || August 20, 2021

Mortgage Pre-Approvals: What Are They, and Do You Need One?

There’s a common misconception among some homebuyers that if you’ve got a pre-approval, your mortgage is basically guaranteed.But this isn’t always the case. Having a pre-approval doesn’t...

Carolann Young || July 19, 2021

Will High Inflation Prove to be Temporary? The Bank of Canada Thinks So.

Inflation in Canada is now expected to run a full percentage point above the Bank of Canada’s (BoC) target of 2% through the end of the year. But the central bank believes—for now at least—that...

Carolann Young || July 07, 2021

Fixed or Variable? With Rates Potentially Set to Rise, Which Option is Best for You?

Should you stick with the stability of a fixed mortgage rate or opt for a variable?It’s one of the most difficult decisions faced by new homebuyers and homeowners who are renewing or refinancing. But...

Carolann Young || June 07, 2021

The Mortgage Stress Test Becomes Slightly Harder Today

If you’re looking to buy a home, you will now need to prove you can make payments based on a minimum rate of 5.25% starting today when dealing with a federally regulated financial institution.Whether...