Mortgages by Carolann Young

Carolann Young || November 03, 2022

The importance of choosing the right mortgage features

A common mistake some mortgage shoppers make is focusing entirely on getting the lowest rate.Don’t get me wrong, a low rate is important, of course, and that’s my goal too. But there are also other...

Carolann Young || October 28, 2022

The Bank of Canada says its rate-hike phase is almost over

The Bank of Canada confirmed that additional interest rate increases are necessary, but that we’re now nearing the end of the current rate-hike cycle. Bank of Canada Governor Tiff Macklem made...

Carolann Young || October 27, 2022

Bank of Canada Raises Rate by 50 bps

The Bank of Canada raised its key lending rate by 50 basis points this morning, bringing it to 3.75%.In its statement, the Bank said interest rates will need to rise further to control inflation, but...

Carolann Young || October 14, 2022

Rising interest rates cancelling out affordability gains

Falling home prices are typically welcomed by prospective homebuyers, since it means an improvement in affordability. For today’s first-time buyers, however, that’s not necessarily the...