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Canada’s mortgage qualification rules eased, with insured mortgage cap raised to $1.5M and 30-year amortizations available.Borrowers face a decision between three-year fixed or five-year variable rates, with a 0.9% differential currently.

Mortgage refinancing in Toronto replaces your current mortgage with a new one, paying off the original loan. Refinancing can consolidate debt, lower interest rates, increase loan amounts, or access home equity.

Analysts expect multiple interest rate cuts in Canada, with two more anticipated by year-end 2024. Further cuts in 2025 could lower the benchmark rate to 2.75%, benefiting variable mortgage rates.

The federal government is extending mortgage amortizations to 30 years, providing more flexibility for homebuyers nationwide.All homebuyers, regardless of their background or planned home design, will be eligible for the 30-year mortgage.

Analysts expect a 0.25% cut in both October and December meetings. The US Federal Reserve's recent jumbo rate cut may push the Bank of Canada to consider a larger 50-basis-point reduction.

Fall is the perfect time to enhance your backyard for year-round family activities and enjoyment.Cleaning flower beds and adding mulch helps retain moisture and prevents weeds in your garden.

Canadian inflation returning to the 2% target is a positive signal for mortgage borrowers. The US Federal Reserve's recent rate cut may influence Canadian mortgage rates favourably.

Updating your kitchen with quartz countertops and smart appliances significantly enhances resale value. Adopting a neutral color palette makes your home more appealing to potential buyers and feels modern.