With the Bank of Canada in a rate-cutting cycle, many Canadians expect mortgage rates to continue to drop. This may be true for variable mortgage rates since they track changes in the Bank of Canada rate. However, fixed mortgage rates do not directly follow the Bank of Canada’s overnight rate. Instead, they are tied to the bond market, which has shown mixed signals recently.

Let’s break down how fixed...

Ottawa, November 29, 2024 – The Canada Mortgage and Housing Corporation (CMHC) has released its financial results for the third quarter of 2024, revealing a sustained increase in demand for multi-unit insurance products, driven largely by the continued success of its MLI Select program.

As Canada’s sole provider of mortgage loan insurance for multi-unit residential properties, CMHC facilitates access...

The Distillery District is a key part of Toronto’s history, but now it is also where the future begins. The Goode Condos is a sleek 32-storey development that plans to offer modern urban living within the Distillery District, one of the city’s most cherished neighbourhoods. This new development will blend history, innovation, and connectivity, to stand as one of the final opportunities to own a residence...