Our latest blogs
What is a 10-Year Fixed Mortgage? A 10-year fixed mortgage is a home loan with an interest rate and monthly payment locked in for a decade. This type of mortgage is less common than longer-term options like 20- or 30-year loans but is favored by buyers who value stability and want to pay off their […]
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How a Mortgage Can Help New Homebuyers in Surrey BC Purchasing a home is one of the most significant financial decisions of your life. For new homebuyers, navigating the mortgage process can seem overwhelming, but understanding the basics can make the journey much smoother. A mortgage broker like Harkamal Gill can help you make informed […]
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The Bank of Canada’s Key Interest Rate Cut The Bank of Canada has made a significant decision by reducing its key interest rate to 3.75 percent. This move, which involves a 50 basis-point cut, marks the first major decrease since the onset of the COVID-19 pandemic. Prior to this announcement, the rate stood at 4.25 […]
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Recent data from Mortgage Professionals Canada shows that 23% of all Canadian mortgage holders will renew their mortgage within the next year, and a staggering 50% will renew within two years. So chances are, you are looking at a mortgage renewal within the next two years and if not, unless you are in the enviable […]
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How bond yields impact fixed mortgage rates In the ever-evolving landscape of mortgage financing, it’s crucial to understand how external financial factors can influence mortgage rates. One significant factor is the bond market, both in Canada and the US. Here’s a breakdown of how bond yields impact fixed mortgage rates and why staying informed […]
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Canada’s Housing Market A New Era of Stability Housing Market A New Era of Stability In recent years, the Canadian housing market has experienced its fair share of turbulence, from soaring prices to fluctuating interest rates. However, recent trends indicate that Canada’s housing market is entering a period of remarkable stability, a welcomed change from […]
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Bank of Canada Rate Announcements Navigating Bank of Canada Immediately after the Bank of Canada announced a rate cut of .25% in June, I received calls from some of my clients asking for advice and/or insight on how the rate cut might affect their mortgage or overall financial picture. With another announcement scheduled for July […]
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Myths Debunked: Get the Real Facts! Understanding the Get the Real Facts about mortgages is crucial for making informed decisions that can save you time, money, and stress. about mortgages is crucial for making informed decisions that can save you time, money, and stress. Unfortunately, there are many myths out there that can lead to […]
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Which projects boost your property value? For many homeowners, home improvements aren’t just about creating a more comfortable living space — they’re also key to boosting property value. Here are the home improvement projects that offer the highest return on investment (ROI), and some helpful tips on balancing costs and benefits. High-ROI Home Improvement […]
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As your trusted mortgage broker in Surrey, I’m always on the lookout for developments that can impact your homeownership journey. This month brings some hopeful news on the housing front that we’re eager to share with you. Federal Budget & Housing Investments Housing Minister of the Canadian Government is set to unveil early indications of […]
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