mortgage

Published: October 28, 2026 | By Soheil Shivarani, Real Estate Broker Canada's interest rate outlook has taken an important turn. On Wednesday, October 28, 2026, the Bank of Canada announced a 0.25 percentage point increase in its benchmark interest rate, bringing it from 2.25% to 2.50%. This marks the first interest rate increase since July 2023 and raises important questions for homeowners,...

The Bank of Canada announced today that it is maintaining its overnight policy interest rate at 2.25%, marking another pause after previous rate cuts over the past year. While some Canadians were hoping for another reduction, today's decision reflects the Bank's cautious approach as it continues balancing inflation with economic growth. If you're thinking about buying, selling, refinancing, or...

As many Canadians closely follow the real estate market, the Bank of Canada’s recent announcement of an interest rate cut brings a lot of excitement and questions. Whether you’re looking to buy, sell, or simply want to understand how this impacts the housing market, let's dive into the details and explore what this rate cut means for Vaughan, Maple, Toronto, and beyond. Why Did the Bank of Canada...

Buying a home in Canada became slightly easier in July, according to a new report that cites dropping mortgage rates and lowering average home prices. The minimum income required to purchase a home dipped last month across the 13 major cities studied by Ratehub.ca, according to their recent blog post. Income required to purchase a home in select Canadian cities Data is based on average home...

Selecting a mortgage is one of the biggest – and most stressful – financial decision made by many Canadians. But a clear understanding of a few basic terms and concepts can help allay some the anxiety. Here’s a primer on the basics of mortgages, along with insights into the current market. THE BASICS What is a mortgage? In plain terms, a mortgage is a loan most often used to buy a house,...