Mortgage Blog

Is Now the Right Time to Refinance Your Mortgage?

February 5, 2025 | Posted by: The Spooner Group

With interest rates in Canada decreasing, many homeowners are considering whether this may be the ideal time to refinance. Refinancing involves replacing your current mortgage with a new one, idea ...

Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening

January 29, 2025 | Posted by: The Spooner Group

The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at 2.95%. The Bank is also announcing its plan to complete the no ...

Fixed-Rate vs. Adjustable-Rate Mortgages: Which Might Be Right for You?

January 21, 2025 | Posted by: The Spooner Group

Hello there, and welcome! As a mortgage broker here in Canada, I know that diving into the world of mortgages can feel like stepping into a labyrinth of numbers and jargon. Today, let's have a fri ...

New Year, New Home Goals: Essential Home Maintenance Tips for 2025

January 8, 2025 | Posted by: The Spooner Group

Happy New Year, homeowners! As we enter 2025, it's an ideal time to establish new home goals and ensure that your sanctuary stays comfortable, safe, and valuable. Whether you're a first-time homeowner ...

Government announces boldest mortgage reforms in decades to unlock homeownership for more Canadians

December 18, 2024 | Posted by: The Spooner Group

Canadians work hard to be able to afford a home. However, the high cost of mortgage payments is a barrier to homeownership, especially for Millennials and Gen Z. To help more Canadians, particularly y ...

Dec 11-2024 - Bank of Canada reduces policy rate by 50 basis points to 3.25%

December 11, 2024 | Posted by: The Spooner Group

The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3¾% and the deposit rate at 3¼%. The Bank is continuing its policy of balance shee ...

Unlocking Home Ownership: What Winnipeg Homebuyers Need to Know About Property Value

November 26, 2024 | Posted by: The Spooner Group

The Canadian dream of home ownership is evolving. With fluctuating property values and shifting market dynamics, understanding the real estate landscape is more crucial than ever for prospective homeb ...

Understanding Capital Gains in Winnipeg and across Canada

November 7, 2024 | Posted by: The Spooner Group

What Are Capital Gains? Capital gains refer to the profit you earn when you sell a capital asset-such as property or investments-for more than its original purchase price. For example, if you bought ...

September 2024: Lower Interest Rates, Inflation, and What It Means for Canadian Homeowners

September 18, 2024 | Posted by: The Spooner Group

As we approach the final stretch of the year, there’s some great news for homeowners and anyone interested in the real estate market. Recent changes in interest rates and inflation are crea ...

August 2024: Understanding the Impact of the Latest Bank of Canada Rate Cuts on Your Mortgage

August 20, 2024 | Posted by: The Spooner Group

In July, the Bank of Canada made more headlines with its decision to cut the overnight lending rate by another 0.25 basis points. Until the week prior to the announcement, most economists didn&rsq ...

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