by debtcancel | May 23, 2025 | Credit Health, Mortgages
Homeownership has long been a dream for many Canadians, but as market conditions tighten, more buyers believe they’ve missed their chance. Rising mortgage rates, limited inventory, and economic uncertainty have pushed timelines further, leaving many wondering: Is...
by debtcancel | May 2, 2025 | House Tips, Mortgages
For many Canadian homeowners, this year is bringing a financial wake-up call. More than a million mortgages are up for renewal, and the reality of higher interest rates is starting to hit hard. Just a few years ago, borrowers locked in historically low rates—some at...
by debtcancel | Mar 13, 2025 | Credit Health, Mortgages
The Bank of Canada has reduced its overnight lending rate by 25 basis points to 2.75%, marking its seventh consecutive rate cut since June 2024. This decision comes as Canada’s economy faces increasing pressure from an ongoing trade war with the U.S., which has...
by debtcancel | Mar 5, 2025 | Family, House Tips, Mortgages
March is Fraud Awareness Month in Canada, making it the perfect time to shed light on mortgage fraud and how to protect yourself. Whether you’re a first-time homebuyer, a homeowner looking to refinance, or an investor, understanding mortgage fraud is crucial....
by debtcancel | Feb 19, 2025 | Credit Health, Mortgages
Why Your Credit Score Matters When Applying for a Mortgage Your credit score is one of the most crucial factors that lenders in Canada consider when determining your mortgage eligibility. A higher credit score can mean: ✅ Lower interest rates✅ Better mortgage terms✅...
by debtcancel | Jan 30, 2025 | Family, Mortgages
The Bank of Canada (BoC) has announced an interest rate cut to 3%, sending ripples across the mortgage market. This decision has significant implications for homebuyers, homeowners, and investors, and now is the time to understand how it impacts you. What Does the 3%...
