Five‑year fixed likely dips to 4%+ in 2025.
Variable-rate mortgages expected ~0.25–1% lower than fixed.
Author: admin
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9 Tips for a Successful Mortgage Renewal in Canada
Renewing a mortgage in Canada can greatly affect finances, especially with rising interest rates. Key changes include the removal of the stress test for borrowers switching lenders at renewal. Homeowners should prepare for higher payments and shop early for better rates. Tips for a successful renewal include negotiating offers, reassessing financial needs, comparing rates, and maintaining a healthy credit score. Understanding terms and staying informed about market trends are crucial for making informed decisions during the renewal process.
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Happy Canada Day
To all Canadians around the world, a very happy Canada Day to you all.
This day commemorates the unification of the three North American British colonies.
Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths.
So let’s pour our hearts into a continuing effort to purge our society of hate, and let’s protect the most vulnerable among us. -
How to Buy Your First Rental Property
Buying a rental property can build long-term wealth and passive income through careful planning, market research, and understanding financing and management. Investors can benefit from tax deductions and steady rental income. Down payments vary, with options like FHA, VA, HomePath, portfolio loans, and seller financing available. Alternatives include REITs and crowdfunding for hands-off real estate investing. Proper budgeting, property selection, inspection, and financing are key steps.
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Is BoC Pausing Cuts a Softening Signal?
The Bank of Canada paused rate cuts, keeping rates within its neutral range of 2.25–3.25%.Canada’s economy is “softer but not sharply weaker,” with recent inflation data showing continued firmness.GDP grew 2.2% in Q1 2025, exceeding forecasts, largely from tariff-driven exports—not broad economic strength.
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2025-2029 Forecast: Will Mortgage Rates Drop Below 4%?
Fixed mortgage rates are expected to fall to 4.3% by late 2025 amid easing bond yields.
Further declines to ~3.9% are projected in 2026 if inflation nears the 2% target.
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How to Save for a Down Payment
Saving for a down payment is crucial for homeownership. In Canada, minimum down payments vary by home price, with 20% often preferred to avoid mortgage insurance. Saving strategies include cutting expenses, using high-interest savings accounts or First Home Savings Accounts (FHSA), and planning for the Home Buyers’ Plan to borrow from RRSPs. For short-term goals, keep savings in low-risk accounts like HISAs or GICs to protect funds.
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Happy Father’s Day
Approximately 2.5 billion Father's Day cards are sent each year.
Neckties have become a popular traditional gift for Father's Day.
"World's Greatest Dad" is a popular Father's Day phrase.
Breakfast in bed is a common Father's Day treat.
Wishing a fantastic Father's Day to all the dads who strive to be the best versions of themselves.
To every father figure making a positive impact, Happy Father's Day! -
Why Your Credit Score Owns Your Mortgage Future
Your credit score directly affects your mortgage approval, interest rate, and loan terms in Canada.
Scores of 680+ unlock top rates, while below 500 limits options to costly or no loans. -
First-time home buyers’ guide: What to expect when mortgage shopping
The process of buying a home can be exciting yet stressful, especially for first-timers in Canada. Assess your finances, get pre-approved for a mortgage, understand different rate types, and build up your down payment. Consider closing costs and stay in touch with your lender post-purchase for ongoing support and advice. ATB Financial offers tools and resources to help navigate the home buying journey effectively.
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