The Bank of Canada’s December 11 announcement could bring significant changes to borrowing costs. If rates stay the same, variable-rate mortgage holders won’t see any immediate changes, and fixed rates might remain steady. 💸 A rate cut could lower costs across the board, while a hike would make borrowing more expensive for everyone. 🔍 What […]

💡 Why Do Insured Mortgages Have Lower Rates Than Uninsured Mortgages? Insured mortgages often have lower rates because they protect lenders if a borrower cannot repay the loan. This insurance, typically provided by organizations like the Canada Mortgage and Housing Corporation (CMHC), makes the loan less risky for lenders. 📉 Without this protection, lenders take […]

🏡 Affordable home ownership made easier! Did you know the CMHC Home Start program includes newly built manufactured homes? With mortgage loan insurance and financing up to 95% loan-to-value, it’s perfect for first-time buyers seeking a flexible and cost-effective path to owning a home. 🌟 Ready to learn more? Click here.