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1 day ago

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I noticed an American mortgage broker, Chris Smith, discussing a situation that applies to us north of the border. Certainly worth sharing, here is what he said…Everyone is waiting for 3% rates, however here’s what actually happens when they drop.- Demand explodes overnight- Inventory disappears- Bidding wars return- You end up paying $75,000 or more for the same propertyThe better play would be to buy now in a buyers market at 4%, and if rates fall, refinance mid term or re-address at maturity. Unlike the fully amortized 30yr mortgages available in the USA, us Canadians have a little more flexibility with being able to shop our mortgage after the smaller 5, 4 or 3 year term. ... See MoreSee Less

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1 week ago

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The Bank of Canada today said that they would be maintaining the overnight rate. Prime will remain at 4.45%. | mortgagesbycraig.com

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The Bank of Canada today said that they would be maintaining the overnight rate. Prime will remain at 4.45%. March 18, 2026 / Newsworthy At the second announcement of 2026 and the third in a row, the ...
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2 weeks ago

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