https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-builder-incentives-mortgage/ “Rebates of this nature can impact how much you can borrow,” says Shawn Stillman, a mortgage broker and co-founder of Toronto-based Mortgage Outlet. To protect yourself, Mr. Stillman suggests a simple move. “Make sure you have an ironclad mortgage preapproval before the cooling-off period is over on your purchase contract.” and “Make sure the […]

https://www.bnnbloomberg.ca/what-mortgage-owners-need-to-know-about-the-bank-of-canada-s-second-rate-pause-1.1906905 Canada’s central bank elected to hold the overnight rate at 4.5 per cent Wednesday, reaffirming economists’ expectations. Last month, the Bank of Canada became the first major central bank to pause interest rate hikes. “For many mortgage holders, what this actually means is that there’s likely to be a period of stability in the […]

https://www.thestar.com/business/personal_finance/2023/04/10/the-first-home-savings-account-is-here-is-that-house-finally-within-reach.htmlhttps://torontosun.com/news/real-estate-activity-remains-muted-in-face-of-steep-rate-hikes The new federal plan has some hiccups — it’s still not available at the Big Six banks — but once it’s up and running, it will allow potential buyers to save for their first home tax-free.

https://www.insidehalton.com/news/competition-between-buyers-house-prices-rising-in-oakville-and-burlington-as-home-sales-are-way/article_82e6c70c-252f-50d3-a6d2-463648dd45ba.html “We are seeing a shift where homebuyers and mortgage holders will have to consider whether they want to go with a variable or two or three-year fixed term,” says Leah Zlatkin, mortgage broker and COO at Mortgage Outlet. “Anyone looking to renew or apply for a new mortgage should explore the current lowest fixed […]