mortgage renewals in canada 2025

Mortgage Renewals in 2025 And How Canadians Are Preparing for Higher Payments

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More than a million Canadian mortgages will come up for renewal this year. Though interest rates have been on the decline for the last several months, many borrowers are bracing for an increase to their monthly payment – an adjustment that…
kelowna mortgage rates 2023

The Impact of Interest Rates on Kelowna Real Estate: Exploring the Dynamics

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Introduction The real estate market in Kelowna, British Columbia, has long been a subject of interest for both investors and homebuyers alike. With its picturesque landscapes, attractive climate, and growing economy, it's no wonder that…
Kelowna mortgage tips

New Mortgage Broker Rules to Affect Houses in Kelowna.

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At the beginning of October, the Mortgage Brokers Act in British Columbia was affected by new laws. If these laws get passed, those purchasing houses in Kelowna and surrounding British Columbia cities will be affected. The presentation of this…
Kelowna mortgage tips

Accessing Your Home Equity

If you've been a homeowner for many years, it is likely your property value has increased significantly. One advantage of homeownership is the opportunity to build equity. Home equity growth, partnered with the security of living in your own…
Kelowna mortgage tips

Saving Money for a Downpayment

Whether you want to set aside money to buy a car or take a vacation, save up for a down payment on a property, or plan for your retirement, the principles are the same.  However, as you’re reading this article on a website dedicated…
Kelowna mortgage tips

The Home Buying Process Explained

If you’re in the early stages of planning to buy either your first home or your next home, you’ve come to the right place! Even if you’ve been through it before, the home buying process can be daunting, but it doesn’t have to be when…

What are GDS/TDS Ratios Anyways?

One of the major qualifiers lenders look at when considering your application for mortgage financing is your debt service ratios. Now, before we get started, if you prefer to have someone walk through these calculations with you, assess your…
Kelowna mortgage tips

New to Mortgage Financing? Get Pre-Approved.

If you’re thinking about buying a property, but you’re not sure where to start, you’ve come to the right place! Let’s discuss how getting pre-approved is one of the first steps in your home-buying journey. Just like you wouldn’t go…
Kelowna mortgage tips

Collections can Prevent Mortgage Financing

A question that comes up from time to time when discussing mortgage financing is, “If I have collections showing on my credit bureau, will that impact my ability to get a mortgage?” The answer might have a broader implication than what you…