tracy valko Archives - Mortgage Rates & Mortgage Broker News in Canada

Three big banks cut mortgage rates this week, one drops 5-year fixed to 3.99%

March 7, 2025 No Comments

Following dramatic swings in the bond market—and broader economic uncertainty sparked by President Donald Trump’s tariff threats—three of Canada’s big banks have slashed their fixed mortgage rates this week.

Fixed vs. variable: Why variable-rate mortgages are making a comeback

February 11, 2025 No Comments

After the Bank of Canada’s latest rate reduction 5-year variable mortgage rates are now on par with their fixed-rate counterparts, raising the question: Is now the time to go variable?

Questions surrounding the secondary suites refinance program

Questions linger over the government’s new secondary suite refinancing program

January 24, 2025 No Comments

The federal government’s launch of the Secondary Suite Refinance Program on January 15 was largely met with optimism, but some brokers note that questions remain.

Thinking of gifting a down payment this holiday season? Here’s what you should know

December 22, 2024 No Comments

With the holiday season in full swing, many Canadians are focused on gift giving. For some, that includes helping loved ones take their first steps toward homeownership with a financial contribution for their down payment.

Mortgage industry weighs in on federal secondary suite refinance program

October 16, 2024 3 Comments

Industry professionals express cautious optimism but call for more clarity on the program’s specifics

Mortgage rate war intensifies as rates dip below 4%

September 20, 2024 1 Comment

A fierce rate-cutting battle is underway, with experts now calling it a full-blown mortgage rate war.

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