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Andy's Mortgage Blog — Latest Posts
Is a mortgage broker or a bank your best option?
A mortgage broker is an intermediary who works with multiple lenders and is paid a referral fee by the lenders. A bank mortgage officer represents only the products their institution offers. Mortgage...
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Will homes be more affordable now that the market has cooled down in Victoria?
Homes are spending more time on the market and real estate sales are moving at a slower pace in Victoria.So, what does this mean?B.C.’s speculation tax, which will be imposed in the fall, is causing...
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Fixed or Variable?
It’s the perennial question homebuyers ask themselves and one that’s getting a lot of attention these days: should I go fixed or variable?And the answer may have just become a little more complicated...
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Bank of Canada Raises Key Lending Rate
This morning, the Bank of Canada (BoC) raised its policy rate another .25% bringing its benchmark interest rate to 1.5%, to keep a lid on inflation, whileacknowledging future hikes will be gradual...
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