Mortgage Blog
Get the financing your family deserves
Category: Mortgage (15 posts)
Bank of Canada increases policy interest rate by 25 basis points, continues quantitative tightening
January 25, 2023 | Posted by: Blue Pearl Mortgage Group
The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening ...
read more
Should You Spend the Full Mortgage Amount You're Approved For?
December 28, 2022 | Posted by: Blue Pearl Mortgage Group
Before you start shopping for a new home, you'll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not ...
read more
The Pros and Cons of Fixed vs. Variable Mortgages
December 8, 2022 | Posted by: Blue Pearl Mortgage Group
When it comes to choosing a mortgage, borrowers in Canada have two main options: a fixed rate mortgage or a variable mortgage. But which type is best for you? Here, we'll take a look at the pros and c ...
read more
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening
December 7, 2022 | Posted by: Blue Pearl Mortgage Group
The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is also continuing its policy of quantitative tightening ...
read more
Bank of Canada Rate Update October 26, 2022
October 26, 2022 | Posted by: Blue Pearl Mortgage Group
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.75%, with the Bank Rate a ...
read more
Best Ways to Plan for Your Down Payment
October 19, 2022 | Posted by: Blue Pearl Mortgage Group
Best Ways to Plan for Your Down Payment Do mortgages seem unaffordable? These tips will help you plan for your down payment so you can start talking to a private lender mortgage broker in no time. ...
read moreHow Mortgage Rates Affect Buying Power?
September 16, 2022 | Posted by: Blue Pearl Mortgage Group
How Mortgage Rates Affect Buying Power? Do You Know How Your Mortgage Rate Affects Buying Power? To maximize your purchasing power, you should understand how interest rates impact your home buying p ...
read moreBank Of Canada Rate Update September 7, 2022
September 7, 2022 | Posted by: Blue Pearl Mortgage Group
Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 3.25%, with the Bank Rate ...
read more
Should You Pay Off Your Mortgage Early?
August 24, 2022 | Posted by: Blue Pearl Mortgage Group
It's a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will explore some o ...
read moreBank Of Canada Rate Update July 13, 2022
July 13, 2022 | Posted by: Blue Pearl Mortgage Group
Bank of Canada increases policy interest rate by 100 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 2.5%, with the Bank Rate ...
read moreBank Of Canada Rate Update June 1, 2022
June 1, 2022 | Posted by: Blue Pearl Mortgage Group
Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at ...
read moreHow a Mortgage Pre-Approval Can Protect You from Rising Rates
May 26, 2022 | Posted by: Blue Pearl Mortgage Group
With interest rates rising, it's important to lock in a lower rate as soon as possible. You can do this with the right home mortgage pre-approval. Find out how! Do you plan on searching for and buy ...
read more
How is a Private Mortgage Different Than a Traditional Bank Mortgage
May 4, 2022 | Posted by: Blue Pearl Mortgage Group
Understanding the difference between private mortgages and traditional bank mortgages can help you make the best decision for financing a new home. Each option provides the money to secure real estate ...
read moreBank Of Canada Rate Update April 13, 2022
April 13, 2022 | Posted by: Blue Pearl Mortgage Group
Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% ...
read moreBank Of Canada Rate Update March 2, 2022
March 2, 2022 | Posted by: Blue Pearl Mortgage Group
Bank of Canada Increases Policy Interest Rate The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The Bank is contin ...
read more