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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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  • December 14, 2020

    While COVID has been the biggest ongoing story of the year and the global pandemic has impacted everyone, there are many related stories too! Interest rates of all sorts have been all over the map this year.

  • December 10, 2020

    Let’s be honest, 2020 has been a doozie. Just this week, a new set of near lock-down restrictions was announced in Alberta. Similar lockdowns are already in place across the country from PEI on the east coast all the way to British Columbia on the West Coast. Christmas and other Holiday celebrations will certainly be…

  • October 12, 2020

    Happy Thanksgiving from my family to yours. 2020 has been a difficult year for most of us, but I hope we can take this weekend to think of the things we have to be thankful for. Family, friends and our health. Life in a COVID-19 world is ever-changing. We all experienced a quarantine period –…

  • April 16, 2020

    We are now over a month into Social Distancing across most of the world. It will likely last a few more months. It has wreaked havoc on our mental health. It has caused a large number of layoffs, or reduced hours of work for others. The uncertainty is crushing! Alberta lost 100,000 jobs in March…

  • March 28, 2020

    Mortgage Rates continue to be in a state of flux with COVID-19. Here is my latest (March 27, 2020) explanation of what has been happening.

  • March 17, 2020

    Two weeks ago the Bank of Canada lowered it’s overnight rate by a half percent. This was the largest single day drop since 2008. Just over a week later on Friday the 13th, they did it again in an unscheduled rate announcement. The major banks didn’t immediately follow suit, but as of today we have…

  • March 13, 2020

    The Bank of Canada announced an unplanned change to their overnight rate to take effect Monday March 16, a cut of an additional 50 basis points just 9 days after the Bank had already cut the overnight rate by 50 basis points. In under two weeks the overnight rate will have dropped from 1.75% to…

  • March 6, 2020

    The Bank of Canada’s move was not predicted by speculators, but is largely believed to have been prompted by the US Federal Reserve’s rate cut of the same amount the day before. The Bank stated that the coronavirus and its impact on the Canadian economy was a core factor for the decision.

  • March 4, 2020

    The Federal Reserve made an unscheduled rate announcement yesterday and cut their overnight rate by 50 basis points. The Bank of Canada wasn’t largely expected to cut its rate today at its scheduled announcement, but it followed suit and also cut its overnight rate by 50 basis points. This is the first rate cut we’ve…