Category: Uncategorized
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Is BoC Pausing Cuts a Softening Signal? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
The Bank of Canada paused rate cuts, keeping rates within its neutral range of 2.25–3.25%.Canada’s economy is “softer but not sharply weaker,” with recent inflation data showing continued firmness.GDP grew 2.2% in Q1 2025, exceeding forecasts, largely from tariff-driven exports—not broad economic strength.
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2025-2029 Forecast: Will Mortgage Rates Drop Below 4%? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Fixed mortgage rates are expected to fall to 4.3% by late 2025 amid easing bond yields. Further declines to ~3.9% are projected in 2026 if inflation nears the 2% target.
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First Home Buyer Checklist: The Facts You Need to Know
Buying a first home requires careful planning and organization. Start by setting a budget considering income, expenses, and ongoing costs. Check and improve your credit score, save for a deposit, and explore government grants. Get loan pre-approval to strengthen your position. Choose the right location based on lifestyle and growth potential. List must-have features, inspect…
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How to Choose the Right Mortgage Lender
When choosing a mortgage lender in Canada, consider lender reputation, customer service, and qualification criteria. A lenders, like major banks and credit unions, offer the best rates but have strict requirements. B lenders serve those with lower credit scores but charge higher rates. Private lenders provide quick access but at higher risk and cost. Using…
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How to transition from renting to owning a home in Canada
Transitioning from renting to homeownership requires careful preparation of credit, finances, and savings. Key steps include determining how much house you can afford, saving for a down payment using tools like the First Home Savings Account and Home Buyers' Plan, and improving your credit score. Job stability and income reliability are crucial for mortgage approval.…
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Top 10 Richest Neighbourhoods in Calgary
Calgary's richest neighborhoods feature prestigious homes, top schools, and abundant amenities. Upper Mount Royal and Elbow Park offer historic mansions and riverside views. Altadore and Aspen Woods blend urban convenience with green spaces. Bel-Aire and Pump Hill provide privacy and outdoor access. Britannia and Heritage Pointe boast walkability and golf courses. Rosedale and Roxboro combine…
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Why Your Credit Score Owns Your Mortgage Future | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Your credit score directly affects your mortgage approval, interest rate, and loan terms in Canada. Scores of 680+ unlock top rates, while below 500 limits options to costly or no loans.
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Demand up for mortgage renewals, slower for new homes
Interest in variable rate mortgages is rising, with five-year variable rate inquiries increasing from 5% to 8% year over year. Mortgage renewals now account for 39% of inquiries, up as many five-year terms from low-rate pandemic-era loans are ending. New home purchase mortgage inquiries have dropped from 71% to 47%, while refinancing inquiries doubled from…
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RRSP vs. TFSA: Which One Should You Use? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
RRSP contributions reduce taxable income, but withdrawals are taxed later, making it ideal for retirement. TFSA allows tax-free withdrawals, offering flexibility for savings and investing without tax implications.
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First-time home buying: The financial assistance you need
First-time homebuyers can access various programs to ease financial burdens. The Home Buyers’ Plan (HBP) allows withdrawals from RRSPs for down payments, offering up to $35,000 tax-free. The First-Time Home Buyer Incentive provides 5% or 10% of the purchase price as a shared equity mortgage. New Brunswick offers a Home Ownership Program for low-income families,…