Mortgage Blog

Canada's Mortgage Experts

Category: Mortgage (56 posts)

Managing Your Mortgage Renewal in a High-Rate Environment

Managing Your Mortgage Renewal in a High-Rate Environment

February 10, 2024 | Posted by: Rohit Dhawan

Hello homeowners. With interest rates higher than they have been in many years, many of you might be anxious about your upcoming mortgage renewal. It's completely understandable, and you're not alon ... [read more]

RRSP contributions, home equity, and mortgage strategies to build wealth

RRSP contributions, home equity, and mortgage strategies to build wealth

February 9, 2024 | Posted by: Rohit Dhawan

As we find ourselves in the midst of RRSP season, it's an opportune time for homeowners like you to evaluate how your property can be a pivotal asset in boosting your financial growth. The deadline fo ... [read more]

Bank of Canada maintains policy rate, continues quantitative tightening

Bank of Canada maintains policy rate, continues quantitative tightening

January 24, 2024 | Posted by: Rohit Dhawan

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global e ... [read more]

Bank of Canada's 2024 Outlook: A Year of Consideration

Bank of Canada's 2024 Outlook: A Year of Consideration

January 15, 2024 | Posted by: Rohit Dhawan

Bank of Canada's 2024 Outlook: A Year of Consideration Happy New Year! I hope you had a wonderful holiday season and are ready to embark on a prosperous 2024. As we usher in the new year, I want to ... [read more]

 Should I break my mortgage early?

Should I break my mortgage early?

January 3, 2024 | Posted by: Rohit Dhawan

The house you've had your eye on for years comes up for sale and you jump at it, interest rates have dropped or another lender is offering you what appears to be a better deal, you've recently gone th ... [read more]

Navigating High Interest Rates: Strategies for New Home Buyers Across Canada

Navigating High Interest Rates: Strategies for New Home Buyers Across Canada

December 19, 2023 | Posted by: Rohit Dhawan

Introduction In today's economic landscape, we're seeing a trend that can be quite intimidating for anyone looking to step into the world of home ownership – high interest rates. But fear not! This ... [read more]

Navigating Your Mortgage: Practical Tips from the Experts

Navigating Your Mortgage: Practical Tips from the Experts

December 14, 2023 | Posted by: Rohit Dhawan

Managing a mortgage is a journey that requires careful navigation. Mortgage brokers understand the challenges and uncertainties homeowners face when it comes to their mortgage payments. Today's e ... [read more]

Exploring Mortgage Amortization Extensions

Exploring Mortgage Amortization Extensions

December 7, 2023 | Posted by: Rohit Dhawan

Recent inflation numbers indicate that inflation is slowing, and many economists are saying that the most recent drop in the inflation rate will give the Bank of Canada the slack that it needs to hit ... [read more]

Bank of Canada maintains policy rate, continues quantitative tightening

Bank of Canada maintains policy rate, continues quantitative tightening

December 6, 2023 | Posted by: Rohit Dhawan

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The ... [read more]

Navigating the New Normal: How Remote Work is Reshaping the Canadian Mortgage and Real Estate Landscape

Navigating the New Normal: How Remote Work is Reshaping the Canadian Mortgage and Real Estate Landscape

December 3, 2023 | Posted by: Rohit Dhawan

In recent years, we've witnessed a seismic shift in our work lives, notably the rise of remote work catalyzed by the COVID-19 pandemic. This change isn't just about swapping office desks for dinin ... [read more]

Canada's New Updated Mortgage Charter

Canada's New Updated Mortgage Charter

November 23, 2023 | Posted by: Rohit Dhawan

The Canadian Mortgage Charter spells out the rights consumers have when they are renegotiating mortgages. It calls on financial institutions to provide better relief measures over the next three y ... [read more]

Understanding Fixed vs. Variable Rate Mortgages

Understanding Fixed vs. Variable Rate Mortgages

November 15, 2023 | Posted by: Rohit Dhawan

If you're on the cusp of getting a mortgage, or if you're considering refinancing, you've likely encountered the terms "fixed rate" and "variable rate" mortgage. These are the two primary pathways i ... [read more]

Home Equity: Refinancing or Second Mortgage

Home Equity: Refinancing or Second Mortgage

November 9, 2023 | Posted by: Rohit Dhawan

Home Equity: Refinancing or Second Mortgage Considering the 2023 housing market's dynamics, with its high interest rates and market unpredictability, let's discuss the significance of home equity. ... [read more]

6 things to know about capital gains and taxes for people across Canada

6 things to know about capital gains and taxes for people across Canada

November 2, 2023 | Posted by: Rohit Dhawan

So, you made some cash selling your property or stocks at a higher price than you bought them for? High five! But before you start celebrating, there's this thing called capital gains that might show ... [read more]

Bank Of Canada Rate Update October 25, 2023

Bank Of Canada Rate Update October 25, 2023

October 25, 2023 | Posted by: Rohit Dhawan

Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5.25% and the deposit rate at 5% ... [read more]

Mortgage Strategies in a Rising Interest Rate Environment

Mortgage Strategies in a Rising Interest Rate Environment

October 24, 2023 | Posted by: Rohit Dhawan

Hello dear readers, Let's have a coffee chat, shall we? If we were sitting in a cozy café, sipping on lattes (or your beverage of choice), today's hot topic of conversation would undoubtedly revol ... [read more]

Leveraging Your Home Equity to Help Purchase a Home For Your Children: A Prudent Move?

Leveraging Your Home Equity to Help Purchase a Home For Your Children: A Prudent Move?

October 6, 2023 | Posted by: Rohit Dhawan

Navigating Parental Assistance in Home Purchases The concept of parents aiding their children in stepping onto the property ladder is not a new one yet it is not ubiquitously adopted. A 2021 ... [read more]

Understanding and Utilizing Home Equity

Understanding and Utilizing Home Equity

October 1, 2023 | Posted by: Rohit Dhawan

If you've consistently made mortgage payments over the years, you've been accumulating home equity. As this equity grows, homeowners can access it, converting it into cash for various purposes, from h ... [read more]

Can a first-time home buyer have a mortgage co-signer?

Can a first-time home buyer have a mortgage co-signer?

September 17, 2023 | Posted by: Rohit Dhawan

Can New Home Buyers in Canada Use a Mortgage Co-Signer? Struggling to secure a mortgage or need a financial boost? Consider bringing in a co-signer. Dive deeper into this and other home-buying tact ... [read more]

Demystifying Credit Scores

Demystifying Credit Scores

September 7, 2023 | Posted by: Rohit Dhawan

These days, like so many things, your credit score is easily accessible and free. Not so long ago, the only way to see your credit score was to obtain a copy of your credit report, which involved subm ... [read more]

Bank of Canada maintains policy rate, continues quantitative tightening

Bank of Canada maintains policy rate, continues quantitative tightening

September 6, 2023 | Posted by: Rohit Dhawan

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. Infl ... [read more]

Top Reasons To Refinance Your Home And Reasons Why You Maybe Should Not.

Top Reasons To Refinance Your Home And Reasons Why You Maybe Should Not.

August 23, 2023 | Posted by: Rohit Dhawan

Refinancing a mortgage means replacing your existing loan with a new one, either with your current lender or a different one. Canadians often consider refinancing for various reasons, such as ... [read more]

Navigating High-Interest Rates and Inflation: Your Path to Mortgage Resilience

Navigating High-Interest Rates and Inflation: Your Path to Mortgage Resilience

August 5, 2023 | Posted by: Rohit Dhawan

Introduction As your trusted mortgage broker, I understand that the current economic backdrop in Canada is presenting challenges for many homeowners. With interest rates on the rise and inflation p ... [read more]

Understanding Credit Scores and Maximizing Mortgage Opportunities in Canada

Understanding Credit Scores and Maximizing Mortgage Opportunities in Canada

July 27, 2023 | Posted by: Rohit Dhawan

Introduction In Canada, your credit score plays a crucial role in your financial life, especially when it comes to major transactions like securing a mortgage. A credit score is a numerical r ... [read more]

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening

July 12, 2023 | Posted by: Rohit Dhawan

The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening. G ... [read more]

Smart move: bridge financing provides a smooth transition between mortgages

Smart move: bridge financing provides a smooth transition between mortgages

July 11, 2023 | Posted by: Rohit Dhawan

Summer is officially in full swing which means vacation time, backyard barbecues, pool parties, etc., but summer is also "moving season". If you're one of the many Canadians who will be moving t ... [read more]

Some great tips to help you save for a home

Some great tips to help you save for a home

June 13, 2023 | Posted by: Rohit Dhawan

A home for most all Canadians is likely the most significant purchase you will make in your lifetime, so it is essential to be well-prepared. It is crucial to understand how to budget and save for ... [read more]

Renewing in a higher rate environment

Renewing in a higher rate environment

June 9, 2023 | Posted by: Rohit Dhawan

I've been getting a lot of questions lately about mortgage renewals – not surprising, given the steady rise of mortgage rates over the last couple of years. People with mortgages renewing in 2023 an ... [read more]

Strategies for Speeding Up Mortgage Repayment

Strategies for Speeding Up Mortgage Repayment

June 3, 2023 | Posted by: Rohit Dhawan

Those of us who desire to own a home often long for the time when our mortgage is paid off. Although the majority of Canadian mortgages are usually amortized over the course of 25 years, there are a ... [read more]

Learning about the new First Home Savings Account (FHSA) program

Learning about the new First Home Savings Account (FHSA) program

May 15, 2023 | Posted by: Rohit Dhawan

With the market starting to stabilize, and in many markets housing prices starting to rise again, maybe you or someone you know is looking at purchasing their first home before home prices rise too mu ... [read more]

First-Time Home Buyer Budgeting: What You Need to Know

First-Time Home Buyer Budgeting: What You Need to Know

April 20, 2023 | Posted by: Rohit Dhawan

As a first-time home buyer, budgeting is an essential part of the home buying process. By carefully planning your finances and considering all of the costs associated with purchasing a home, you can e ... [read more]

Bank Of Canada Rate Update April 12, 2023

Bank Of Canada Rate Update April 12, 2023

April 12, 2023 | Posted by: Rohit Dhawan

Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4. ... [read more]

What first-time homebuyers can expect with the new tax-free First Home Savings Account

What first-time homebuyers can expect with the new tax-free First Home Savings Account

April 5, 2023 | Posted by: Rohit Dhawan

Since it was proposed in the 2022 Federal Budget, we've learned more details about this exciting new program aimed at helping first-time homebuyers purchase a home.  The bill is ... [read more]

Four Ways to Take Control and Thrive in a Challenging Market

Four Ways to Take Control and Thrive in a Challenging Market

March 9, 2023 | Posted by: Rohit Dhawan

If you're struggling financially as a result of increased living expenses and interest rates, you are not alone. A lot of Canadians are feeling a little helpless these days, with talk of rising intere ... [read more]

Bank of Canada Rate Update March 8, 2023

Bank of Canada Rate Update March 8, 2023

March 8, 2023 | Posted by: Rohit Dhawan

Bank of Canada maintains policy rate, continues quantitative tightening The Bank of Canada today held its target for the overnight rate at 4.5%, with the Bank Rate at 4.75% and the deposit rate at ... [read more]

Selling Your Home in the Winter: How You Can Make the Most of It

Selling Your Home in the Winter: How You Can Make the Most of It

March 5, 2023 | Posted by: Rohit Dhawan

Selling your home in the winter can be a challenging task, but it can also be an opportunity to stand out in a crowded market. With fewer houses on the market and motivated buyers who are eager to mov ... [read more]

Title insurance and home insurance–protect what matters most

Title insurance and home insurance–protect what matters most

February 27, 2023 | Posted by: Rohit Dhawan

When something goes wrong with your home and you suffer a loss, you need to be able to rely on your insurance coverage. Knowing which of your insurance policies to turn to isn't always easy. Title ins ... [read more]

Where is the housing market going in 2023?

Where is the housing market going in 2023?

February 10, 2023 | Posted by: Rohit Dhawan

With 2023 underway, and the latest Bank of Canada rate increase to 4.5%, combined with the stress of the increased cost of living on Canadian households, the questions that are on everyone's minds are ... [read more]

Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening

Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening

January 25, 2023 | Posted by: Rohit Dhawan

The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening ... [read more]

This year create financial resolutions that you can stick to

This year create financial resolutions that you can stick to

January 5, 2023 | Posted by: Rohit Dhawan

A new year brings a host of new year's resolutions. It's very common for people to make these resolutions around family, friends, eating better, or even the cliché going to the gym more. This year, e ... [read more]

Should You Spend the Full Mortgage Amount You're Approved For?

Should You Spend the Full Mortgage Amount You're Approved For?

December 28, 2022 | Posted by: Rohit Dhawan

Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ... [read more]

The Pros and Cons of Fixed vs. Variable Mortgages

The Pros and Cons of Fixed vs. Variable Mortgages

December 8, 2022 | Posted by: Rohit Dhawan

When it comes to choosing a mortgage, borrowers in Canada have two main options: a fixed rate mortgage or a variable mortgage. But which type is best for you? Here, we'll take a look at the pros and c ... [read more]

The Pros and Cons of Locking In your Mortgage Rate

The Pros and Cons of Locking In your Mortgage Rate

December 8, 2022 | Posted by: Rohit Dhawan

The Pros and Cons of Locking In The holiday season is upon us, bringing an end to a tumultuous year. 2022 saw inflation reach levels not seen for 40 years, followed by substantial interest rate hik ... [read more]

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

December 7, 2022 | Posted by: Rohit Dhawan

The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening ... [read more]

Thinking of buying? Don't be put off by high rates.

Thinking of buying? Don't be put off by high rates.

November 3, 2022 | Posted by: Rohit Dhawan

2022 has already been tough on Canadians' wallets, and recent economic data shows the pain is unlikely to end soon. Inflation continues to run hot, and on October 26 the Bank of Canada further r ... [read more]

Bank of Canada Rate Update October 26, 2022

Bank of Canada Rate Update October 26, 2022

October 26, 2022 | Posted by: Rohit Dhawan

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.75%, with the Bank Rate a ... [read more]

Best Ways to Plan for Your Down Payment

Best Ways to Plan for Your Down Payment

October 19, 2022 | Posted by: Rohit Dhawan

Best Ways to Plan for Your Down Payment Do mortgages seem unaffordable? These tips will help you plan for your down payment so you can start talking to a private lender mortgage broker in no time. ... [read more]

A fresh look at the opportunities in today's housing market from a mortgage perspective

A fresh look at the opportunities in today's housing market from a mortgage perspective

October 11, 2022 | Posted by: Rohit Dhawan

When news reports present a consistently gloomy view of rising rates and the distinctly negative impact on the housing market, it's easy to feel discouraged. But the news frequently doesn't tell the f ... [read more]

How Mortgage Rates Affect Buying Power?

How Mortgage Rates Affect Buying Power?

September 16, 2022 | Posted by: Rohit Dhawan

How Mortgage Rates Affect Buying Power? Do You Know How Your Mortgage Rate Affects Buying Power? To maximize your purchasing power, you should understand how interest rates impact your home buying p ... [read more]

A look at how rate increases impact different mortgage types

A look at how rate increases impact different mortgage types

September 8, 2022 | Posted by: Rohit Dhawan

With inflation at its highest level in almost 40 years, the Bank of Canada continues to take drastic action to cool the economy with the latest of five consecutive rate increases announced on Septembe ... [read more]

Bank Of Canada Rate Update September 7, 2022

Bank Of Canada Rate Update September 7, 2022

September 7, 2022 | Posted by: Rohit Dhawan

Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.25%, with the Bank Rate ... [read more]

Should You Pay Off Your Mortgage Early?

Should You Pay Off Your Mortgage Early?

August 24, 2022 | Posted by: Rohit Dhawan

It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will explore some o ... [read more]

Budgeting for Inflation

Budgeting for Inflation

August 4, 2022 | Posted by: Rohit Dhawan

If you thought the end of the pandemic would bring a return to economic normalcy, 2022 has certainly been surprising. Summer has seen inflation return to the forefront of consumers' economic worries f ... [read more]

Bank Of Canada Rate Update July 13, 2022

Bank Of Canada Rate Update July 13, 2022

July 13, 2022 | Posted by: Rohit Dhawan

Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 2.5%, with the Bank Rate ... [read more]

Mortgage Fundamentals for Home Purchases

Mortgage Fundamentals for Home Purchases

July 7, 2022 | Posted by: Rohit Dhawan

Mortgage Fundamentals for Home Purchases With interest rates continuing to rise, and housing markets beginning to cool, if you're considering a home purchase anytime soon, it's a good idea to revisit ... [read more]

Mortgage Fundamentals for Home Purchases

Mortgage Fundamentals for Home Purchases

July 7, 2022 | Posted by: Rohit Dhawan

With interest rates continuing to rise, and housing markets beginning to cool, if you're considering a home purchase anytime soon, it's a good idea to revisit some mortgage fundamentals to ensure you' ... [read more]

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Rohit Dhawan
Rohit Dhawan
Mississauga, Mortgage Broker
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