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 || 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

Banking Regulator making some changes to Home Equity Lines of Credit

Last week, Canada’s banking regulator unveiled new rules that will govern how borrowers may use Home Equity Lines of Credit (HELOCs).The new guidelines unveiled by the Office of the Superintendent of...

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...