Never Leave Money on the Table: Get a Lower Mortgage Rate in Canada
As of late December 2022, the average rate for a 5-year fixed mortgage is 5.70%. Compared to July 2021, the typical fixed rate has risen by 150%. What factors affect mortgage rates? Mortgage rates are affected by current economic conditions. And not just in Canada. Changes in the global economy regu
Will Mortgage Rates Go Down in Canada in 2023?
Mortgage rates fell to all-time lows in 2020. Now they’re more than double what they were, and everyone is asking the same question. Will mortgage rates come down in 2023? Let’s break it down. Why are mortgage rates so high? Mortgage rates are influenced by several factors, the foundation of which i
What Would a Recession Mean for Canadian Real Estate in 2023?
Many fear a recession in 2023—but is one inevitable? Let’s break it down. What is a recession? The most widely-accepted Canadian meaning of “recession” comes from the C.D. Howe Institute Business Cycle Council. The Council defines a recession as “a pronounced, persistent, and pervasive decline in ag
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