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Welcome to the Mortgages for Less blog! Here, you'll find expert advice, industry news, and helpful tips to guide you through every step of your home financing journey. Whether you're a first-time homebuyer or looking to refinance, our blog is your go-to resource for staying informed and making smart mortgage decisions.

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  • July 25, 2023

    An in-depth analysis questions whether the Bank of Canada's rapid rate hikes were necessary as disinflationary forces and labor market dynamics may soon impact the economy.
  • Calgary Mortgage Broker Inflation Below 3 Percent

    July 18, 2023

    Canada's inflation dropped below 3%, but concerns arise as core inflation remains sticky and mortgage interest costs continue to rise, impacting future rate drops.

  • July 14, 2023

    The Bank of Canada's rate increase signals potential frustration for mortgage holders, with implications for variable and fixed rates. Economic uncertainties persist despite projected growth and inflation expectations.

  • July 10, 2023

    The Bank of Canada is expected to raise rates by 0.25% on July 12, 2023, despite signs of a loosening labor market. Economists believe this may be the final increase for the year, aiming to combat post-COVID inflation.

  • June 27, 2023

    Canada's May inflation rate slows, casting doubts on Bank of Canada's July rate hike. Annual inflation drops to 3.4%, the lowest in two years. Core measures remain elevated, prompting further assessment by policymakers.

  • June 23, 2023

    As we are all now aware, on June 7th, 2023, the Bank of Canada made the decision to increase its interest rate. The move by the central bank has significant implications, particularly in the real estate and mortgage sectors. Recently the Bank released a summary of the deliberations of the Governing Council prior to the…

  • June 20, 2023

    As Canada awaits the May CPI release, concerns over inflation persist. Analysts question the Bank of Canada's rate hike decision and its potential implications for a recessionary period. A careful balance between inflation control and economic growth is crucial.

  • June 16, 2023

    Edmonton's resale real estate market defies expectations as prices are predicted to rise by 1.5% in 2023. Despite higher borrowing costs, the market shows resilience and steady growth, offering opportunities for buyers and sellers.
  • Calgary mortgage delinquencies

    June 15, 2023

    Equifax® Canada's Market Pulse report reveals a high demand for credit in Q1 2023, while the mortgage market slows down. Rising credit card balances and missed payments indicate affordability challenges for consumers, including in Edmonton and Calgary.