Mortgage Blog

Mortgage Renewals in Early 2025 – Where Might Rates End Up?

A friendly guide for Canadian homeowners who are about to renegotiate one of the biggest contracts of their lives. Introduction - Why Everyone Is Talking About 2025 Re ...

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• May 4, 2025
• CENTUM® Canada

April 16 - 2025 - Bank of Canada holds policy rate at 2.75%

The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The major shift in ...

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• Apr 16, 2025

Tariffs and Their Effect on Interest Rates: What Canadian Homeowners Should Know

You might be surprised to learn how tariffs-taxes on imported goods-can affect your mortgage or home-buying plans. Tariffs can indirectly influence interest rates, which ...

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• Apr 5, 2025

Pros & Cons of Paying Off Your Mortgage Before Retirement

If retirement is approaching, you may be considering whether it's wise to pay off your mortgage early. As with many significant financial decisions, there isn't a one-s ...

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• Mar 21, 2025

March 12-2025 - Bank of Canada reduces policy rate by 25 basis points to 2.75%

The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 ...

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• Mar 12, 2025

Mortgage Renewal Coming UP and rates higher than 5 yrs ago - Consider increasing your amortization?

If your mortgage renewal date is approaching, it's important to take action. You might notice something that's hard to ignore: interest rates are significantly higher now ...

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• Mar 7, 2025

How will tariffs potentially affect Interest rates

As a mortgage broker in Canada, I often get questions about how global economic events might affect our financial landscape, particularly when it comes to interest rates ...

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• Feb 26, 2025

Is Now the Right Time to Refinance Your Mortgage?

With interest rates in Canada decreasing, many homeowners are considering whether this may be the ideal time to refinance. Refinancing involves replacing your current ...

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• Feb 5, 2025

Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening

The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%. The Bank is also announci ...

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• Jan 29, 2025
• CENTUM® Canada

Fixed-Rate vs. Adjustable-Rate Mortgages: Which Might Be Right for You?

Hello there, and welcome! As a mortgage broker here in Canada, I know that diving into the world of mortgages can feel like stepping into a labyrinth of numbers and j ...

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• Jan 21, 2025

New Year, New Home Goals: Essential Home Maintenance Tips for 2025

Happy New Year, homeowners! As we enter 2025, it's an ideal time to establish new home goals and ensure that your sanctuary stays comfortable, safe, and valuable. Whether ...

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• Jan 8, 2025

Government announces boldest mortgage reforms in decades to unlock homeownership for more Canadians

Canadians work hard to be able to afford a home. However, the high cost of mortgage payments is a barrier to homeownership, especially for Millennials and Gen Z. To hel ...

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• Dec 16, 2024
• CENTUM® Canada

Dec 11-2024 - Bank of Canada reduces policy rate by 50 basis points to 3.25%

The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3¾% and the deposit rate at 3¼%. The Bank is continuing ...

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• Dec 11, 2024

Is Getting a Home Inspection Worth It? A Canadian Homebuyer's Guide

Hello there! If you're considering buying a home in Canada, you might wonder whether investing in a home inspection is necessary. After all, purchasing a home is a signif ...

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• Dec 1, 2024
• CENTUM® Canada

Understanding Capital Gains in Canada

What Are Capital Gains? Capital gains refer to the profit you earn when you sell a capital asset-such as property or investments-for more than its original purchase pr ...

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• Nov 11, 2024
• CENTUM® Canada

Unlocking Home Ownership: What Canadian Homebuyers Need to Know About Property Value

The Canadian dream of home ownership is evolving. With fluctuating property values and shifting market dynamics, understanding the real estate landscape is more crucial ...

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• Nov 4, 2024
• CENTUM® Canada

October 23-2024: Bank of Canada reduces policy rate by 50 basis points to 3.75%

The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is continuing its policy of ba ...

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• Oct 23, 2024

Looking to Sell Your Home? 10 Amazing Tips to Help You Get the Best Value

Selling a home is a significant financial decision; naturally, you want to secure the best possible value for your property. Whether you're a mortgage broker, real estate ...

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• Oct 22, 2024

Is a Reverse Mortgage Right for You?

A reverse mortgage is a great financial tool for homeowners over 55 who want to stay in their homes while accessing the value they've built up over the years. It provides ...

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• Oct 8, 2024

Lower Inflation: What are the impacts of this for Canadian homeowners

As inflation trends downward, many Canadian homeowners ask what this means for their financial future, particularly regarding their mortgage payments. Inflation plays a s ...

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• Sep 24, 2024