Mindblown: a blog about philosophy.

With inflation at 2% and rate cuts continuing, Canadians can expect lower mortgage rates in 2025. Variable-rate mortgages are expected to fall below fixed rates in 2025 as they gain renewed interest.

Around 100,000 mortgage renewals each month in 2025, with lenders competing for clients due to rate shifts. Property values may climb over 4%, increasing the average mortgage size for buyers with larger down payments.

Compare multiple offers to find the best deal available. Prepay your mortgage before renewal to lower the loan balance, reducing monthly payments and saving on interest.

Extend your mortgage amortization to reduce payments now and adjust as rates decrease later. Shopping around for mortgage rates can save you thousands over the term of your loan.

The BoC’s latest interest rate drop shows a shift in economic strategy for 2025. Consumer spending and housing activity rose, showing lower rates are reviving household spending amid excess economic supply.

58% of Gen Z and millennials aim to buy homes in the next five years despite rising costs. To qualify for a traditional mortgage, credit scores should range between 620 to 680 or higher.

In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights. Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town. Take advantage of this wonderful time of year to reinforce your family bonds. Wishing…

Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was…