Mortgages by Carolann Young

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...

Carolann Young || July 13, 2022

Bank of Canada Raises Rate by 100 bps

The Bank of Canada raised its key lending rate by 100 basis points this morning, bringing it to 2.50%.The Bank said inflation is “higher and more persistent” than what it had forecast in April, and...