Category: Uncategorized
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BoC’s Policy Rate Could Dip to 3.75% by Late 2024 | Get Your Mortgage for a LilLez!
By end of 2024, the policy interest rate is forecasted to be 3.75%, down from 5%. Further 0.25% cuts expected on September 4, October 23, and December 11, 2024.
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Condo Renovation Do’s and Don’ts | Get Your Mortgage for a LilLez!
Develop a detailed plan, including budget and design goals, before starting your condo renovation. Allocate a budget that accounts for unexpected costs and allows flexibility throughout the renovation.
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Canada Mortgage Market: $2.1T Opportunity | Get Your Mortgage for a LilLez!
Canada's $2.1T mortgage market is set for growth following the Bank of Canada’s rate cut. The Bank of Canada cut its benchmark interest rate by 25 basis points.
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Quick Sale, Big Profits: Your Home Selling Guide | Get Your Mortgage for a LilLez!
Set the right price to attract offers quickly and maximize your profit from the sale. Boost curb appeal with simple upgrades to create a strong first impression on potential buyers.
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Tips for Your Upcoming Mortgage Renewal | Get Your Mortgage for a LilLez!
Initiate discussions with lenders up to 120 days before renewal to compare rates and secure the best termsExplore options beyond your current lender to ensure you're getting the most competitive rate.
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How to Shop Smart for a Mortgage Deal | Get Your Mortgage for a LilLez!
Compare mortgage rates among three to five lenders to maximize potential savings. Consider different mortgage types to find the best rate for your credit and financial situation.
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Toronto Mortgage Delinquency Doubles: 8-Year High Reached | Get Your Mortgage for a LilLez!
Toronto's mortgage delinquency rate has doubled, reaching its highest level in eight years. Rising mortgage delinquencies signal growing financial strain among Toronto homeowners.
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Happy Labour Day | Get Your Mortgage for a LilLez!
Happy Labour Day! Labour Day is a chance to honor and appreciate the hard work and contributions of workers in various industries. It's a chance to look back at workers' rights achievements and labor rights progress over time. Sending warm wishes on Labour Day to honor the dedication and contributions of workers everywhere. May your…
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How Will Employment Data Impact Canadian Mortgage Rates? | Get Your Mortgage for a LilLez!
Canada unexpectedly lost jobs in June, signaling an economic slowdown. Government of Canada bond yields fell in response to the weak employment data, suggesting a possible BoC rate cut.
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Mortgage Renewal: What It Is, How It Works | Get Your Mortgage for a LilLez!
What is a Mortgage Renewal? Mortgage renewal involves renegotiating terms at the end of each mortgage term until fully paid. Key Considerations: Renewals allow adjustments in payment frequency, interest rates, and potentially changing lenders in Canada.